Christina is planning on getting married in the next year. She is a very successful business owner and is planning on buying some vacation property on the coast. She asks her agent, Martina, for advice on how she should take title to this new property. Should she hold the title alone, or jointly with her fiance? How should Martina advise?

Question

Dawson Hoover

Business

21 February, 13:41

Christina is planning on getting married in the next year. She is a very successful business owner and is planning on buying some vacation property on the coast. She asks her agent, Martina, for advice on how she should take title to this new property. Should she hold the title alone, or jointly with her fiance? How should Martina advise?

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Saniyah Castro · Answer 1

Martina as her agent can give certain advice like if the property is priced right the size of the property, negotiating with the seller or conducting inspection of the property.

However, on legal matters such as how the title should be held or taken, Martina should excuse herself and refer Christina to her lawyer for advise as real estate agents are not licensed to provide legal advice meaning they cannot answer a legal question, even if they know the answer, without breaking the law.