Add Asset Purchase Agreement Template Signature Block with airSlate SignNow

Contract signature page

question of the day if you're working with a client that is selling a property that's titled as a trust or an LLC or an S corporation or maybe you're representing a buyer who's authorized to sign for that entity and what's the signature block look like that's all we're going to discuss in this video everyone if we're meeting for the first time my name is Paul Becker ski and welcome to the real estate classroom YouTube channel it's just a place where real estate professionals can get tools and tips to stay out of real estate jail and hey real quick if you would please click on that little subscribe button and that little notification bell next to the subscribe button and give this video a thumbs up or even a thumbs down either way I don't care it is all traffic for this channel you alright we're gonna deal with who is authorized to sign first now as a real estate professional you do have a duty to reasonably investigate number one who owns the property and typically when you get a phone call from a potential seller we do a records check on the maybe the treasurer's office website or the the assessor's office and it will list who the owner of record is it's typically what we do as agents question is what happens if that property is titled Anna again a corporation an LLC a trust or or maybe the person on the phone identified themselves as it's gonna be a power of attorney those type of things we have at that point a reasonable duty to insure who has the signature authority here because not every entity is the same so as an agent it's a good idea to get a copy of the or the articles of organization for that corporation or the bylaws for the LLC or a copy of the trust or a copy of the POA we don't necessarily need the originals but we just need for our purposes to get things listed copies and here's why this is important so for example if it's an LLC which is very common maybe there's three members of this LLC the LLC may have been organized in a way where there's only one member that has the right to sign on behalf of the other two so you would only need to have that person's signature but absence that authority then all three members would have to sign all the documents and disclosures so that's what we're looking for you never ever take anyone's word for it we trust but verify and the way we verify is through getting those documents and keep them just a copy of them and put them in into the into the file all right so let's look at the actual the actual signature blocks the first one we're going to talk about is an LLC so here we have an example of an LLC where...