Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Good Idea!
The ultimate marketing tool

Advertisements
How To Advertise Here
How To Advertise Here

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28269339
No new orders today 13101742
Stupid MLS comments. 3276643
What do you know about Froy Candelario, top agent in USA 1189415
Stupid QC comments and BPO requirements. 1061105
New HUD Listing Brokers---Any Update? 1028116
Is there religious content in Buffini class? 822581
Let's talk about our cars 670945
Name that Flick. Great movie Lines. 602695
Pay it Forward - BPO/REO Tips & Tricks I & II 592369
Most common items found at an REO 575889
EML 459232
REOTRANS 440725
Main Street 419405
asset val seminar in colorado 407144
assist 2 sell or 1 percent realty? 340432
HOMONYMS - There, Their, and They're 306760
Evalonline 300191
Land America 285052
Mainstreet 261859
Matched Content
Topic Options
Rate This Topic
#459317 - 10/09/17 08:39 AM Resale certificates?
Ajtex Offline
Junior Member

Registered: 07/12/17
Posts: 5
Loc: Austin
In selling a high rise what is the purpose of the resale certificate?

I can't seem to find much info...

Top
Advertisements
#459321 - 10/09/17 12:26 PM Re: Resale certificates? [Re: Ajtex]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7717
Loc: Vermont's North-East Kingdom
Usually just a preliminary acknowledgement by the Buyer that he has received (and read ?) copies the Charter or By Laws of the Condominium and the Condo or HOA Association, and any other pertinent documents, so that there will be no surprises after s/he has begun bidding, entered into a Purchase and Sales Contract . . . . or taken Ownership (which would be a little late !).

Many places, the Sellers must supply a dated copy; but around here, as a courtesy, the Broker can keep one set of up-to-date Documents in the Office, and make copies for each prospective Buyer . . . . but s/he must be certain that it is UP-TO-DATE.

The Condo Association will want evidence (certification ?) that the New Owner has received his/her own copies, and knows about any and all current and pending future Fees or Assessments.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#459452 - 10/20/17 02:36 PM Re: Resale certificates? [Re: Vermont]
MOMO Offline
Member

Registered: 03/02/13
Posts: 407
Loc: USA
I have sold a bunch of condos and Vermont is spot on with his remarks. In Missouri (my area anyway) there is also a 2 page document titled Resale Certificate and it outlines all documents that should be included in the Buyer resale certificate...make sure you obtain all required documents.

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
Reguru1, Shaun225, Dr.Brim, james luis, Snapple
29795 Registered Users
Who's Online
2 registered (2 invisible), 30 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Long Walk 74
Vermont 39
estatereal 18
Flare616 16
Trouble 13
Snapple 12
RonnieEmz 12
Lucky Leonardo 11
Logan Five 11
Analog Man 10
waka 9
Mr. Clean 8
TheTexasGal 8
Flammable 8
gitmonee 8
Featured Member
Registered: 12/14/07
Posts: 510
Facebook

How To Advertise Here


This site presented by RNC Internet Services