Sentences with phrase «personal real estate corporation»

Please note that the expiry date of the personal real estate corporation licence must match the expiry date of the controlling individual's licence.

Licensees who apply to licence a personal real estate corporation must submit payment for licensing fees for the period from the date of the application until the expiry date of their individual's licence.

Then calculate the number of full months between the date of submission of the personal real estate corporation application and the expiry date of the controlling individual's licence.

© Amber Mann - Personal Real Estate Corporation - Whistler Real Estate Company Ltd 17 - 4308 Main St Whistler, BC, Canada V0N 1B4 Email: [email protected] Direct: 604 905 2802

In order to calculate the fees required for a personal real estate corporation, determine what the expiry date is for the controlling individual's licence.

Cathy Travis Personal Real Estate Corporation in Victoria is now affiliated Sotheby's International Realty Canada.

Cathy Travis Personal Real Estate Corporation in Victoria is now affiliated with Sotheby's International Realty Canada.

From becoming the first province to license strata managers, and the first to offer licensees the option of licensing a personal real estate corporation, the past decade has been one of innovation and opportunity.

Call Fred Carver Personal Real Estate Corporation today, 250-598-2963 Fred has been helping James Bay residents for over 40 years Sell and Buy Real Estate Successfully and Smoothly.

As Mr. Chamberlain has a personal real estate corporation, the licence of Kirk Chamberlain Personal Real Estate Corporation is also reprimanded, and it is equally responsible for the payment of the discipline penalty and enforcement expenses.

As Mr. Li has a personal real estate corporation, the licence of Tony Li Personal Real Estate Corporation is also reprimanded, and is equally responsible for paying the discipline penalty and enforcement expenses.

As a personal real estate corporation, you're probably well aware of the financial and tax benefits of this popular licensing option.

As Ms. Guo has a personal real estate corporation, the licence of Angela Guo Personal Real Estate Corporation is also reprimanded, and is equally responsible for paying the enforcement expenses and discipline penalty.

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.

A personal real estate corporation must be incorporated as a professional corporation under the Business Corporations Act and be authorized only to trade in real estate.

For example, if Robert Smith has a personal real estate corporation with the licensee name of Rob Smith Personal Real Estate Corporation, all advertising must refer to Rob Smith Personal Real Estate Corporation, not to Robert Smith, or to Rob Smith PREC.

The licensee is the sole voting shareholder and officer of the personal real estate corporation.

A personal real estate corporation must be just that: personal.

However, these restrictions do not apply to the personal real estate corporation's non-voting shareholders.

As a licensee who wishes to provide real estate services through a personal real estate corporation, you must be the person who controls the Personal Real Estate Corporation — known as the «Controlling Individual.»

You realize that you don't want to be licensed as a personal real estate corporation any longer.

If you are a member of a team of licensees, and the Council has approved the team name, you may use that team name in advertising, either on its own or in combination with the personal real estate corporation name.

While a personal real estate corporation may not, for example, build a home and sell it, an affiliated person with beneficially owned non-voting shares in the personal real estate corporation may engage in real estate development, trade in stocks or bonds, and hold real estate.

Use the Application for Personal Real Estate Corporation form to apply for changes to the personal real estate corporation licence, and the Application for Representative, Associate or Managing Broker Licence form for your individual licence.

He now does business as Rob Smith Personal Real Estate Corporation.

Make sure you follow all the suggested steps in order to ensure your personal real estate corporation is properly licensed.

You'll receive your individual licence back, amended to reflect that you are now licensed without a personal real estate corporation.

If Mr. Wu wishes to continue advertising using his licensee name, then the correct answer is a) Jeffrey Wu Personal Real Estate Corporation.

Section 10.3 of the Real Estate Regulation clearly spells out the requirements for the legal name of a personal real estate corporation.

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.

Once the personal real estate corporation has been licensed, any future changes to your individual licence must be done in conjunction with the personal real estate corporation.

Think about the places you'll need to update with your personal real estate corporation name.

Should a personal real estate corporation lose its incorporated status, the licence will become inoperative.

To put it another way, a personal real estate corporation may not conduct a business that can be run on a standalone basis.

The licensee is engaged to provide real estate services to the personal real estate corporation.

When Mr. Wu decides to make an application to licence a personal real estate corporation, should he choose the personal real estate corporation name:

Inform your managing broker that you would like terminate the personal real estate corporation licence.

The Council strongly recommends that before you take steps to incorporate and licence a personal real estate corporation, you obtain professional accounting and legal advice to make sure that a personal real estate corporation is the right choice for you.

Bob Smith Personal Real Estate Corporation (licensee name of the controlling individual registered with the Council + «personal real estate corporation»).

«Ancillary» restricts the services that a personal real estate corporation can provide to real estate services and to services that are subordinate to, and exist to support, real estate services.

Suspensions, cancellations, or restrictions on the licence issued to the personal real estate corporation will apply to the licence of the controlling individual, and vice versa.

A personal real estate corporation offers licensees the ability to take advantage of the flexibility in income planning and tax planning that incorporation brings.

Remuneration may 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.

If he chooses b) Jie Wu Personal Real Estate Corporation as his personal real estate corporation name, he can no longer be known as Jeffrey Wu with respect to any real estate activities.

licensed at the same level and for the same categories of real estate services as the personal real estate corporation

Mr. Smith is also the leader of a team of licensees at his related brokerage, known as the ABC Team, and he wonders if he can distribute commissions to the other team members through his personal real estate corporation.

The term «personal real estate corporation» must be included in the advertisements as part of the personal real estate corporation licensee name.

Make sure that, whether you choose to advertise using just the team name, or to include the personal real estate corporation name, the name of the related brokerage is always included in any form of advertising.

Managing brokers, associate brokers, and representatives are all eligible to license a personal real estate corporation.

A personal real estate corporation may have non-voting shares, which may only be owned by yourself (the controlling individual) or: