Sentences with phrase «estate rules say»

Not exact matches

«I think of it as a local phenomenon,» he said of real - estate prices, effectively ruling out the possibility that his interest - rate policy has stoked a national mania.

The tighter mortgage lending rules, which make it harder for home buyers to qualify for uninsured mortgages, are also shrinking the pool of qualified buyers for higher - priced homes, said Gregory Klump, chief economist of the Canadian Real Estate Association.

The real estate declines we've seen since then are likely due to these new rules, says Alexander.

Still, Weiss and others who are trying to enable more investors to tap real estate equity said that they are certainly not ruling out working with owner - occupant buyers with or without mortgages after their initial services have time to mature.

«A ruling by a Louisiana appeals court recently stated that the entire death benefit from a single premium annuity plan paid to the beneficiary named in that plan was subject to inheritance tax because it was part of the deceased annuity owner's estate,» says annuities specialist Steven Hart.

McCaughan says the B.C. Real Estate Association created a Realtor call for action to write letters to the premier objecting to the rules that were announced in January.

Evans, who is managing broker of Re / Max Coast Mountains in Prince Rupert, B.C., says the rules banning dual agency are in response to the real estate scene in the Lower Mainland and that shadow flipping is «impossible» in his area.

In what is traditionally the best season of the year for real estate agents, Toronto agent Ecko Jay says the industry is seeing far fewer buyers, a result of tighter lending rules, high prices and fear of a bubble.

The court ruling that the French social charge on non-residents is unlawful is set to increase foreign real estate investment demand, says a legal expert.

When that happens, we want to find another guest, one who follows the rules and says, «I'm in real estate.

Nearly 100 civic and community groups called for U.S. Attorney Preet Bharara to create a blue - ribbon panel akin to the shuttered Moreland Commission to Investigate Public Corruption and clean up the «pay - to - play» culture they said rules real - estate development in New York City.

Nearly 100 civic and community groups on Wednesday called for Manhattan US Attorney Preet Bharara to create a blue - ribbon panel akin to the shuttered Moreland Commission to Investigate Public Corruption and clean up the «pay - to - play» culture they said rules real - estate development in the city.

For the sake of argument, let's say I have only $ 10,000 to invest, which rules out most real estate investments.

Real estate rules state that a second mortgage lender can only be paid after the first loan against the said property is cleared.

«The Toronto Real Estate Board will be closely monitoring how the recent changes to federal mortgage lending guidelines and capital gains tax exemption rules impact the housing market in the Greater Toronto Area,» Jason Mercer, the board's director of market analysis, said in a statement Wednesday.

When the new rules were announced in December, Finance Minister Bill Morneau said he estimated they would affect about one per cent of the overall real estate market.

Soper says real estate markets in Ontario, B.C. and Quebec have been «boisterous» in the first five weeks of the year — but he says it's unlikely that the new mortgage rules are responsible.

Phil Soper, the chief executive of Royal LePage Real Estate, said he thinks the new rules will impact homeowners, but believes the federal government acted prudently.

It finally turned to the joint and several liability rule under the Income Tax Act, which says that upon the death of the annuitant of a RRIF, the annuitant (or the annuitant's estate) and any recipient of RRIF proceeds are «jointly and severally liable to pay a part of the annuitant's tax» on the RRIF for the year of the annuitant's death.

Calgary's Real Estate Board declined to comment, saying it is still waiting for a final ruling.

He said the owner, Ze Yu Wu, hired him to interpret Canadian real estate rules for Mr. Wu and the company's board of directors.

Clark said Wednesday the province will hire a new superintendent of real estate, who will take over the rule - making authority held by the B.C. Real Estate Coestate, who will take over the rule - making authority held by the B.C. Real Estate CoEstate Council.

[13:44] There's no rule that says loan officers can't cultivate their own leads to pass on to real estate agents!

Scott Hay - Bartlem of Brisbane law firm Cooper Grace Ward says: «Applicants have long taken comfort from Singer v Berghouse (1994), in which the High Court ruled that costs orders will not be made against unsuccessful applicants but that everyone's costs will be paid from the estate — particularly if a cost order would have a detrimental effect on an applicant's financial position.»

But in its 6 - 1 ruling, the high court said Canada's State Immunity Act expressly bars any claim on Canadian soil by her son or Kazemi's estate for torture acts — however «heinous» — that occurred abroad.

Suzana Popovic - Montag, a managing partner at Hull & Hull LLP in Toronto who specializes in estate and trust law, said this ruling may «open the floodgates,» on similar challenges.

Real Estate Roundtable President and Chief Executive Officer Jeffrey D. DeBoer said: «Congressmen Pittenger and Scott are to be commended for recognizing the negative economic impact that the HVCRE Rule is having on acquisition, development and construction lending and for taking steps to introduce legislation intended to correct these problems.

But first he will need to deal with The Okanagan Mainline Real Estate Board, which said Morneau's rule changes could slow down the Okanagan's hot housing market.

The trend is an apparent contradiction to one of the tried - and - true rules of the real estate business, experts say.

«It is instructive to note that, for all the concerns now suddenly expressed by TREB about privacy laws and compliance with (the Real Estate Council of Ontario), TREB has made no attempt to enact or enforce rules to restrict traditional brokerages from providing, at their sole discretion, all information relating to historical solds, pending solds and other information that they would now propose to exclude from the data feed provided to member brokers who want to operate VOWs,» says the Competition Bureau complaint.

Allen says her book shows how «a soulful real estate agent wields tremendous power over his or her business by simply being competent and following the Golden Rule.

The authors say they are real estate investors themselves, and «this is important because the tax and legal rules around real estate are continually changing in Canada and the authors are up on the latest developments.»

You say that real estate has its own rules, techniques and own breed of salespeople.

The people who make the laws have always gracefully said that they depend heavily on the industry to advise them on new rules and how to write laws pertaining to real estate.

In fact, 26 percent said the rules could significantly decrease banks» willingness to do commercial real estate loans.

If that rule stays as proposed, it would have a devastating effect on our industry,» says E.J. Burke, chairman - elect of the Mortgage Bankers Association (MBA) and executive vice president and group head of KeyBank Real Estate Capital & Corporate Banking Services, a division of KeyBank N.A.

Officials from Prudential Florida Realty, the state's largest real estate broker and one of the largest brokers in the country, declined to comment on the suit except to say that they expect the court to rule in their favor.

I will say this, remember with real estate the first rule is «Location, Location, Location».

Purcarus says the government has and will continue to act responsibly with tight lending rules that discourage people with poor credit histories of securing real estate loans.

RECO changed the rules a few years ago that you didn't have to have a Brokers License to own a Real Estate Company... at the time it didn't make sense to me but my Broker of Record at the time said he thought it was a fantastic idea because when he decided to retire he could sell his Business to anybody....

But if Congress sets rules and mandates, «it could tank real estate just as it did with the 1986 Tax Reform Act,» he says.

«The tribunal ruled that TREB, as an incorporated trade association, does not compete with its own members in the real estate brokerage market and therefore can not be found to have contravened the abuse of dominance provision,» says the bureau.

A decision by the U.S. Department of Housing and Urban Development to withdraw its draft final rule for reforming settlement procedures marks a new day for efforts to improve the federal Real Estate Settlement Procedures Act, NATIONAL ASSOCIATION OF REALTORS ® President Walt McDonald says.

Bankers also need local professionals who know the rules governing real estate transactions and understand how those rules fit in with the EPA and U.S. Army Corps of Engineers guidelines, says Georgia Curry, with Old Reserve Realty, Jefferson, Ohio.

«If the rules of the game they have been playing for 30 years might change, that gives investors pause,» said Dave Bragg, an analyst at Green Street Advisors LLC., a Newport Beach, California - based real estate research firm.

«Whoever wrote these rules doesn't understand the real estate industry,» says Chase Fitzgerald's Cockey, who testified before the House panel earlier this year on behalf of NAR.

Jacobs said HUD plans a detailed educational outreach program for real estate practitioners before the rule takes effect.

«We started thinking about the rules and how it might impact the market,» says Matt Salem, director and co-head of real estate credit at KKR.

It's legal for real estate brokers and agents to earn money for services they provide on behalf of home warranty companies, as long as payments aren't accepted for referrals and other conditions are met, the U.S. Department of Housing and Urban Development said in an interpretive rule issued this summer.

In the absence of congressional action on the NAR - backed bill, Mansell said the Federal Reserve and U.S. Department of the Treasury should stop their efforts to publish rules that would allow banks into real estate.