Prior to Listing: Check with either personal representative or attorney to see if:
Power of Sales: Will contains power of sales clause.
No Power of Sale: No power of sale in Will or no Will.
Notice of Sale: Sale of real property must be published (attorney to prepare)..
IAEA Powers: Personal representative has full IAEA powers.
Limited IAEA Powers: Personal representative has limited IAEA powers if so, attorney must mail Notice of Proposed Action Re Intent to List Property
Property Specifically Bequeathed: If so, contact attorney
Appraisal: Check Appraisal report
Exclusive Listing Agreement: Consider exclusive listing agreement.
Sign Listing Agreement
Full IAEA Powers: Sign exclusive right-to-sell list agreement without giving notice. (Do not need order authorizing execution of exclusive right-to-sell listing agreement)
Limited IAEA Powers: Contact attorney to obtained order authorizing execution of exclusive right-to-sell listing agreement.
Market Property & Accept Offer
If Sold Using Full IAEA Power: Notice of proposed actions must be sent to heirs/ beneficiaries before escrow can close.
If Sold Using Limited IAEA Powers: Court confirmation required.
Close Escrow
If IAEA Sales: Escrow will need executor’s/administrator’s deed, copy of Notice of Proposed Action and attorney opinion letter. Escrow may also require certified copies of proof mailing notice of Proposed Action Order for Probate and Letters.
If Court Confirmation: Escrow will need executor’s/administrator’s deed and certified copy of order confirming sale.