Sentences with phrase «independent real estate company based»

Not exact matches

Insofar as portfolio companies own income - producing real estate (as many TAM portfolio companies do), the real estate accounted for under IFRS is carried at an appraised value based on appraisals by independent appraisal firms; under GAAP income producing real estate is carried at depreciated historic cost less impairments.

To be sure, independent brokerages that join large networks of affiliated companies like the Chicago - based Leading Real Estate Cos. of the World can obtain many of the same benefits that brokers and salespeople at franchises have.

RELO, based in Chicago, is a network of more than 1,000 independent real estate companies that assist each other in a variety of relocation referral services.

In the case, sales associates affiliated with Boston Pads LLC a real estate brokerage company, challenged their status as independent contractors on the grounds that they were subject to supervision by their broker, among other things, and therefore should be considered employees based on a three - pronged test under the state's independent contractor status.

According to federal law, for federal tax purposes, real estate agents will not be treated as employees if these three requirements are met: (1) The agent must be licensed; (2) Substantially all income must be made on the basis of sales or output, not on hours worked; and (3) There must be a written contract between the salesperson and company stipulating independent contractor status.