Sentences with phrase «estate corporation»
An estate corporation refers to a type of business entity that primarily deals with managing and investing in real estate properties. It is a company or organization that buys, sells, leases, or develops land or buildings for various purposes, such as residential, commercial, or industrial. Full definition
Personal real estate corporations allow real estate licensees to access the business advantages of incorporation, including better planning of income and tax streams.
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For example, if you apply to transfer your licence to another brokerage, you must also apply to transfer your personal real estate corporation licence at the same time.
Make sure you've planned ahead and made all the necessary changes to begin operating under the personal real estate corporation name as soon as your licence is issued.
You'll find answers to many commonly asked questions about personal real estate corporations in this guide.
Hold real estate beyond what is required by the personal real estate corporation for the provision of real estate services.
Example D The following is an example of an acceptable form of personal real estate corporation advertising for newspaper / internet or other print advertising.
How does a personal real estate corporation identify itself in the course of providing real estate services including advertising?
(f) the controlling individual and the personal real estate corporation otherwise comply with the requirements of this Part.
A personal real estate corporation receives a licence as well as the controlling individual.
A personal real estate corporation offers licensees the ability to take advantage of the flexibility in income planning and tax planning that incorporation brings.
You realize that you don't want to be licensed as a personal real estate corporation any longer.
The controlling individual licence and the personal real estate corporation licence both expire on the same date, and both must be renewed at the same time.
Think about the places you'll need to update with your personal real estate corporation name.
As soon as you have submitted your application for a personal real estate corporation licence, you should begin reviewing your advertising.
In addition, the Bill will amend the Real Estate and Business Brokers Act, 2002 to permit a brokerage to pay commission or other remuneration to a personal real estate corporation of an individual broker or salesperson that it employs.
CA: BRE Real Estate Corporation License Endorsement 01866775 DBO Residential Mortgage Lending Act License 4131324 D.B.A. V.I.P. Independent Mortgage, Inc. 41DBO - 58745.
If a licensee decides that the personal real estate corporation model works for their particular situation, then the manner in which remuneration is paid changes.
Licensees should be aware that there are additional reporting requirements for personal real estate corporations as well as additional costs associated with licensing.
(a) the licensee name of the personal real estate corporation by which the controlling individual is engaged to provide real estate services, and
Remuneration may then be paid to the controlling individual from the personal real estate corporation if all of the requirements of section 10.6 of the Real Estate Services Regulation are met.
Alex Perriello, who served as president and CEO of Coldwell Banker Real Estate Corporation since 1997, has taken over the role of president and CEO of the Cendant Real Estate Franchise Group.
(c) became inoperative under section 10.7 (2)[personal real estate corporation ceases to maintain attributes] of the regulation, or
(e) the personal real estate corporation does not conduct any business other than the provision of real estate services and ancillary services directly associated with the provision of real estate services;
Submit an Application For Personal Real Estate Corporation form as well as a Credit Card Payment form.
Should a personal real estate corporation lose its incorporated status, the licence will become inoperative.
That is in addition to new licence applications, applications for licence transfer, Personal Real Estate Corporation applications, Team Name requests, brokerage applications, and more.
Letters exchanged between New Paltz town supervisor Susan Zimet and Wilmorite attorney Shawn Griffin shed light this week on the tactics of the Rochester - based real estate corporation seeking to build a 732 - bed rental project on a 50 - acre site adjacent to the SUNY New Paltz campus.
The non-profit real estate corporation deciding on contracts, Fort Schuyler, had no knowledge of the pay - to - play scheme, according to Bharara.
Unless you have loads of cash lying around, you're going to run into the same initial challenge as the large real estate corporations when you decide to flip a house - you'll need to get financing.
Allentown Village Society Barbara and Brian Baird Buffalo Spree Magazine C2 Paint Chapter NY Ciminelli Real Estate Corporation R. Maura and Frederick B. Cohen Collins & Collins, P.C. Anne E. Conable Pamela Dinsmore Robert K. Freeland Lisa and Scott Friedman Galerie Lelong Lynn Gates Gilbane Building Company HSBC Bank USA, N.A. D. Bruce and Gail Johnstone Karen and Kevin Kennedy Kimmins Contracting Corp..
Perriello previously served as president and CEO of Coldwell Banker Real Estate Corporation from 1997 to 2004.
Rob Grey, Personal Real Estate Corporation operates at Re / Max of Nanaimo in B.C.
The Supreme Court of the United States has considered whether the federal Fair Housing Act («Act») imposes personal liability without proof of fault upon an officer or owner of a residential real estate corporation because of the actions of the corporation's employee or agent.
Ultimately, the judge found that the licensee violated Section 455.227 (1)(j), by acting on behalf of the unlicensed real estate corporation during a real estate transaction.
(i) a confirmation that the personal real estate corporation continues to maintain the attributes described in section 10.3 of the regulation,
(3) On application of a personal real estate corporation whose licence has become inoperative under subsection (2), the real estate council may reinstate the licence if it is satisfied that the corporation meets all of the requirements of section 10.3.
If your individual licensing, E&O, Superintendent of Real Estate assessment fee and Compensation Fund fees are normally $ 1660 for two years, having a personal real estate corporation means that the licensing fees, E&O, Superintendent of Real Estate assessment fee and Compensation Fund fees would be $ 3320 every two years.
If the personal real estate corporation commits professional misconduct or conduct unbecoming a licensee, the Council may discipline the Controlling Individual as if that individual has committed the conduct.
Mid-America Real Estate Corporation Principal Ben Wineman and Investment Associate Heather Rink exclusively represented the seller in the transaction.
U.S. parent company Coldwell Banker Real Estate Corporation bought back the master franchise rights in 2007.
Coldwell Banker Real Estate Corporation recognizes that while similarities exist between Canada and the U.S., there are unique differences in the way that real estate is marketed and legislated here in Canada.
While Coldwell Banker Canada was previously a separate entity, its marketing and technology platforms closely mirrored those of Coldwell Banker Real Estate Corporation over the last few years.
Mile - End Investments Inc., an affiliate of Kevric Real Estate Corporation Inc., in connection with its sale of two office buildings to Bentall Kennedy and Sun Life Financial