Your Real Estate Company Structure Has 3 Roles
Jack Butala: Your Real Estate Company Structure Has 3 Roles. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening.
Jack Butala: Jack Butala with Jill DeWitt.
Jill DeWit: Hello.
Jack Butala: Welcome to our show. In this episode Jill and I talk about how your real estate company and really any company for that matter, is structured in three basic roles or responsibilities or personality types, let's say. Excellent show today. We're going to talk about real estate as always, blanketed into the topic. Before we do, though, let's take a question posted by one of our members on successplant.com, our free online community.
Jill DeWit: Chaz asked, says looking through one of my completed deeds and noticed one of my sellers didn't add his middle initial on his signature. For example, John D. Smith is on the deed and he accidentally signed as John Smith. The deed was recorded but the assessor's office will catch it. I know because I signed my first deed wrong. Should I have the notary meet the seller again to get this fixed? Or will it just work to sell it and fix it when I sign? The problem I'm seeing is how can the title be conveyed from me to the buyer if it was never conveyed to me? Thanks ya'll? This happens.
Jack Butala: Thanks ya'll.
Jill DeWit: I know.
Jack Butala: That's awesome. I never saw that spelled out. I should get out of the house more often.
Jill DeWit: You put like an apostrophe.
Jack Butala: She just typed it on my screen for me.
Jill DeWit: I did type it on your screen for you.
Jack Butala: What's the answer here, Jill? This is way more up your alley than me.
Jill DeWit: I know. What I would do in this situation ...
Jack Butala: I love your alley by the way.
Jill DeWit: Thank you very much. I would have a backup and I'd put this in successplant.
Jack Butala: We're tying to keep this rated G.
Jill DeWit: Thank you. Yeah. Pull your head out. You know what I mean. Out of the gutter is what I'm trying to say. Boy, that came out wrong.
Jack Butala: Wow. Is it [inaudible 00:01:57] ?
Jill DeWit: Up here. Eyes up here.
Jack Butala: I'm going to tell a Homer Simpson joke in a minute. Go ahead. I'm sorry. Answer. I'm sorry.
Jill DeWit: Chaz, totally been there. Number one, don't forge anything. That could come back and bite you. You don't want to do that. Here's what you want to do though. Time is on your side now. He's already signed it. We're all cool. We're not in a hurry. He's got his money. We're not stressed about anything. It's super easy just to call him up and say, Mr. Smith, you're not going to believe, and the county hasn't caught it yet but I sure did. Here's what I'm going to do. I'm just going to mail you another one and would you please, next time you're at your bank, get the notary to sign it, notarize your signature for me real quick for me and just mail it back. If it takes this week that's fine. Don't rush down and do it. I'm not going to send anybody to your house or anything because we're all cool, and Mr. Smith is always going to say, I've never had him not, but he's always going to say, oh my gosh, yes. That's hilarious. He's going to feel bad, going, I am so sorry that I missed that.
Jack Butala: A notary should've caught it.
Jill DeWit: Right. He's going to go, I will absolutely do that. Don't worry about it, because I've seriously been there done that. Then you have your new copy to send. You can wait for them to catch it or you could head it off and call them up and say, I've got it in my hands guys. How do you want me to get this quickly to you to fix this little problem.
Jack Butala: It's a good catch, Chaz. That's awesome.
Jill DeWit: It's easy.