The trading services must be
provided on behalf of the developer or developers of the development unit and the individual must be an employee of the developer or developers or an employee of a holding company of one or more of the developers.
Not exact matches
This copy
of Yonder: The Cloud Catcher Chronicles was
provided by Stride PR
on behalf of developers, Prideful Sloth.
Bob's pro bono legal representations include having successfully represented an individual seeking release from detention by the Department
of Homeland Security;
providing research, advice, and litigation support to the Animal Legal Defense Fund; and having successfully defended an appeal
on behalf of a San Diego housing
developer that
provides assisted - living services to the homeless and mentally ill.
Employees
of developers may
provide trading services
on behalf of a
developer without the need for licensing under specific circumstances.
The individual may not
provide trading services
on behalf of anyone other than the
developer, the holding company, or another
developer that is a subsidiary
of the holding company.
In addition, the owner /
developer is exempt from the requirements to be licensed as a strata manager in respect
of the strata management services that it
provides on behalf of the strata corporation until the control
of the strata corporation's money is required to be transferred to the strata corporation.
For example, a licensee may not be licensed to
provide real estate services with ABC Realty Inc. and at the same time act as the employee
of a
developer, marketing development units
on behalf of that
developer.
In relation to a strata corporation, the owner -
developer, as defined in the Strata Property Act, is exempt from the requirement to be licensed under Part 2
of the Act in respect
of strata management services
provided to or
on behalf of the strata corporation, but only until control
of the strata corporation's money is required to be transferred under section 22
of the Strata Property Act.
(b) the trading services are
provided to or
on behalf of one or more
developers, as defined in the Real Estate Development Marketing Act,
of that development unit;
(b) the principal to or
on behalf of whom the services are
provided is a
developer, as defined in the Real Estate Development Marketing Act,
of that development unit.
2.19 In relation to a strata corporation, the owner
developer, as defined in the Strata Property Act, is exempt from the requirement to be licensed under Part 2
of the Act in respect
of strata management services
provided to or
on behalf of the strata corporation, but only until control
of the strata corporation's money is required to be transferred under section 22
of the Strata Property Act.
Licensees are able to represent a
developer in their marketing efforts, but these services must be
provided in the name
of and
on behalf of their related brokerage.
Under section 2.5
of the Real Estate Services Regulation, a
developer may have unlicensed employees who
provide trading services to or
on behalf of the
developer.
This means that the unlicensed marketing company is not able to
provide any trading services to or
on behalf of the
developer.