Owner Information
Posted by PRO Tue, 16 Jan 2007 19:36:00 GMT
It is important to identify all owners of the property prior to the signing of the listing contract. PRO’s MLS Rules and Regulations require all owners on the deed to sign the listing contract. A good risk management procedure is to check the Realist Property Details Report, which will reflect the name of two of the owners and then compare the information to the Pinellas County Property Appraiser Report, which will list all of the owners of the property. The ultimate resource for owner information is the deed itself. Some municipalities have copies of the deed available via their websites. In situations where the individual soliciting the services of the Realtor® is not the legal the owner of the property, the Realtor® should obtain a copy of the power of attorney authorizing the individual to list and sell the property. This documentation should be part of the transaction file. If the property owner is a legal entity it is important to obtain the appropriate paperwork identifying the individual or individuals who have the legal authority to list and sell the property. It would be prudent to include this paperwork in the transaction file.