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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Probate Sales Posted by Brian Lund on December 15, 2009 at 7:20 PM In Reply to: Re: Probate Sales posted by Rick, the Probate Guy on December 14, 2009 at 9:26 AM : Your query makes the assumption that is a liitle too far reaching. : In CA, Courts only have control over commissions for court confirmed sales such as those under limited or special powers. : In some juristictions, the county's public administrator auction their own sales internally however in some larger metro area like L.A. they contract, usually annually, with a real estate auctioneer/broker for the listing side. I think Kennedy-Wilson still has the L.A. contract. The Buyer's agent can typically participate in commissions, too. : Otherwise, personal rep's are free to list with the agent of their choice. However, there's a lot of details to understand to both protect the listing agent's commission and get a deal sold and closed, especially if that agent has any difficulty with his/her client's capacity, powers and/or authority to sell. : For starters, you might want to refer to the little article that I did for this forum that Ward has posted in the archives. Hi Rick, I read your article when it was first posted, and it was (is) extremely informative and so is your closeprobate site. Next week I am going to do something that will make most on this board cringe... I am getting my Real Estate license (insert spooky sounding noise here). I am looking at how I can market myself towards probate sales, keeping in mind comments of yours in the past about real estate agents knowing nothing about the process, and mostly screwing it up. I think you were going to assemble a network of agents who had some expertise in probates sales. Did that happen, and if so, what would I have to do to join? I appreciate the help. -Brian P.S. Did I use "I" enough..lol. Follow Ups: Re: Probate Sales Rick, the Probate Guy 9:57 AM, 12/16/09 (2) Re: Probate Sales Bret 0:01 AM, 12/19/09 (1) Re: Probate Sales Mark 0:09 AM, 12/24/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Your query makes the assumption that is a liitle too far reaching. : : In CA, Courts only have control over commissions for court confirmed sales such as those under limited or special powers. : : In some juristictions, the county's public administrator auction their own sales internally however in some larger metro area like L.A. they contract, usually annually, with a real estate auctioneer/broker for the listing side. I think Kennedy-Wilson still has the L.A. contract. The Buyer's agent can typically participate in commissions, too. : : Otherwise, personal rep's are free to list with the agent of their choice. However, there's a lot of details to understand to both protect the listing agent's commission and get a deal sold and closed, especially if that agent has any difficulty with his/her client's capacity, powers and/or authority to sell. : : For starters, you might want to refer to the little article that I did for this forum that Ward has posted in the archives. : Hi Rick, : I read your article when it was first posted, and it was (is) extremely informative and so is your closeprobate site. Next week I am going to do something that will make most on this board cringe... : I am getting my Real Estate license (insert spooky sounding noise here). : I am looking at how I can market myself towards probate sales, keeping in mind comments of yours in the past about real estate agents knowing nothing about the process, and mostly screwing it up. : I think you were going to assemble a network of agents who had some expertise in probates sales. Did that happen, and if so, what would I have to do to join? : I appreciate the help. : -Brian : P.S. Did I use "I" enough..lol. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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