An individual acting under this exemption must disclose to other principals (i.e., potential buyers of the development unit) that the individual is not licensed under RESA, who the individual is employed by, and that the individual is
acting on behalf of the developer (s) and not on behalf of the buyer.
Not exact matches
The Times accuses the Empire State Development Corporation (ESDC),
acting on behalf of Manhattan
developers,
of custom - designing development zones to help attract potential investors seeking EB - 5 visas.
Brian has been involved in significant commercial transactions
on behalf of developers, banks (in regards to secured lending) and commercial entities such as German Truck Manufacturer MAN Truck & Bus for whom he
acted for twenty years in relation to its real estate acquisitions and disposals in England and Wales.
He has nine years» experience advising national and local
developers, land owners and banks, and has
acted on behalf of numerous investment funds in the acquisition
of over # 100 million in ground rent investments.
Developers Diversified Realty donated $ 10,000 to charity
on behalf of 20 young people across the United States in recognition for their Good Samaritan
acts in their communities last year.
For example, in mid-February
acting on behalf of German investors, PREI formed a joint venture with Charleson, S.C. - based multifamily
developer and investor Greystar to build a 200 - unit luxury apartment tower in downtown Charleston, S.C..
For example, a licensee may not be licensed to provide real estate services with ABC Realty Inc. and at the same time
act as the employee
of a
developer, marketing development units
on behalf of that
developer.
In relation to a strata corporation, the owner -
developer, as defined in the Strata Property
Act, is exempt from the requirement to be licensed under Part 2
of the
Act in respect
of strata management services provided to or
on behalf of the strata corporation, but only until control
of the strata corporation's money is required to be transferred under section 22
of the Strata Property
Act.
(iii) that the individual is
acting on behalf of one or more
developers referred to in paragraph (b), or a holding corporation
of one or more
of those
developers, and not
on behalf of the principal.
(b) the trading services are provided to or
on behalf of one or more
developers, as defined in the Real Estate Development Marketing
Act,
of that development unit;
(b) the principal to or
on behalf of whom the services are provided is a
developer, as defined in the Real Estate Development Marketing
Act,
of that development unit.
2.19 In relation to a strata corporation, the owner
developer, as defined in the Strata Property
Act, is exempt from the requirement to be licensed under Part 2
of the
Act in respect
of strata management services provided to or
on behalf of the strata corporation, but only until control
of the strata corporation's money is required to be transferred under section 22
of the Strata Property
Act.