Property Ownership
When a property in Oregon is held in a living trust, who has the authority to sell the property?
AThe county recorder
BThe trustee of the trust, acting within the powers granted by the trust agreement✓ Correct
CThe trust beneficiary must personally sign all documents
DOREA must approve trust-owned property sales
Explanation
When property is held in a trust, the trustee (not the beneficiary) has legal authority to manage and sell trust assets. The trustee signs the deed and other closing documents in their capacity as trustee. The trust agreement defines the trustee's powers.
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