Sentences with phrase «estate ownership arrangements»

The Feb. 21 comment letter requests clarification to ensure the real estate exception operates as intended for common real estate ownership arrangements — focusing on the scope and application of the exception for an electing real property trade or business.

Not exact matches

It turns out that there is no prohibition here on cross ownership in this type of arrangement, either with the Law Society or with the Real Estate Council of Ontario (RECO).

«This franchise arrangement is the first of what we hope to be many opportunities to introduce our real estate brands into the vacation ownership industry,» says HFS chairman and CEO Henry R. Silverman.

Affiliated Business Arrangment means an arrangement in which (A) a person who is in a position to refer business incident to or a part of a real estate settlement service involving a federally related mortgage loan, or an associate of such person, has either an affiliate relationship with or a direct or beneficial ownership interest of more than 1 percent in a provider of settlement services; and (B) either of such persons directly or indirectly refers such business to that provider or affirmatively influences the selection of that provider; and (8) the term «associate» means one who has one or more of the following relationships with a person in a position to refer settlement business: (A) a spouse, parent, or child of such person; (B) a corporation or business entity that controls, is controlled by, or is under common control with such person; (C) an employer, officer, director, partner, franchisor, or franchisee of such person; or (D) anyone who has an agreement, arrangement, or understanding, with such person, the purpose or substantial effect of which is to enable the person in a position to refer settlement business to benefit financially from the referrals of such business.