Sentences with phrase «real estate corporation licence»

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

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.

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

The only exception is for a first time personal real estate corporation licence, which may require pro-rated fees.

Therefore there are 2 licences to be maintained once the personal real estate corporation licence is issued.

Your managing broker needs to return both the personal real estate corporation licence and your individual licence to the Council, noting on the back of the personal real estate corporation licence that it is no longer required.

The controlling individual licence and the personal real estate corporation licence both expire on the same date, and both must be renewed at the same time.

As a licensee with a personal real estate corporation, if you apply to change anything on your licence, you must also apply to make the same change on the personal real estate corporation licence.

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

As part of the online licence renewal application, licensees with a personal real estate corporation will be prompted to apply to renew their individual licence, and the personal real estate corporation licence.

For example, if you apply to transfer your licence to another brokerage, you must also apply to transfer your personal real estate corporation licence at the same time.

10.4 (1) A personal real estate corporation licence may be issued to a corporation that has the attributes described in section 10.3 only if

(4) If the real estate council reinstates a personal real estate corporation licence under section 22 (2) of the Act or section 10.7 (3) of this regulation, it must reinstate, with any necessary amendment, the controlling individual's licence that became inoperative under subsection (3) of this section.

10.5 (1) Without limiting section 9 of the Act, an application for a personal real estate corporation licence must be accompanied by

(2) Without limiting section 13 of the Act, the real estate council may refuse to issue a personal real estate corporation licence if the real estate council considers that it would not, in the circumstances, be in the public interest for real estate services to be provided by the corporation.

«personal real estate corporation licence» means a licence issued to a corporation in accordance with this Part;

Not exact matches

(i) if the transaction involves the acquisition of disposition of 100 % of the issued and outstanding shares in the capital of a corporation that has a real estate component (sale or lease of real property, including an assignment of lease), a real estate licence is required by third parties providing trading services in relation to the transaction; i.e., this is considered a trade in real estate;

A real estate licence is not required of an owner — whether a sole proprietorship, a corporation, or an association — when personally selling, leasing, or managing his or her own property; nor is a licence required by employees of the owner when renting, leasing, or managing property owned by their employer, provided that they do not provide real estate services for any other person (Section 2.1 of the Real Estate Services Regulatireal estate licence is not required of an owner — whether a sole proprietorship, a corporation, or an association — when personally selling, leasing, or managing his or her own property; nor is a licence required by employees of the owner when renting, leasing, or managing property owned by their employer, provided that they do not provide real estate services for any other person (Section 2.1 of the Real Estate Services Regulaestate licence is not required of an owner — whether a sole proprietorship, a corporation, or an association — when personally selling, leasing, or managing his or her own property; nor is a licence required by employees of the owner when renting, leasing, or managing property owned by their employer, provided that they do not provide real estate services for any other person (Section 2.1 of the Real Estate Services Regulatireal estate services for any other person (Section 2.1 of the Real Estate Services Regulaestate services for any other person (Section 2.1 of the Real Estate Services RegulatiReal Estate Services RegulaEstate Services Regulation).

(ii) if the transaction involves the acquisition of disposition of 100 % of the issued and outstanding shares in the capital of a corporation that does not have a real estate component (sale or lease of real property, including an assignment of lease), a real estate licence is not required by third parties providing trading services in relation to the transaction; i.e., this is not considered a trade in real estate; or

This advice would also be applicable if licensees are involved in the sale of a business that initially involves the sale of assets with a real estate component which would require a real estate licence but subsequently changes to the sale of less than 100 % of the shares of the corporation owning the real estate which would not require a real estate licence.

(2.1) Renewal by a personal real estate corporation of a representative, associate broker or managing broker licence — In addition to the requirements of subsection (1), an application by a personal real estate corporation for renewal of a representative, associate broker or managing broker licence must contain, or have attached to it, the following:

Hold a current Queensland Real Estate Agent Licence (additional licensing conditions apply for corporations);

(a) the controlling individual and the personal real estate corporation have each obtained a licence in accordance with Part 2 of the Act and this Part;

123 (1) Subject to subsection (2), all information supplied and all records and things produced to the real estate council, a hearing committee, the superintendent, the insurance corporation or the compensation fund corporation with respect to a licensee, a former licensee or an applicant for a licence are privileged to the same extent as if they were supplied or produced in proceedings in a court, and no action may be brought against a person as a consequence of the person having supplied or produced them.

(b) may amend the licence of a controlling individual to reflect the conditions and restrictions applicable to the licence of the personal real estate corporation.

(2) If the licence of a controlling individual is suspended or cancelled, the licence of the controlling individual's personal real estate corporation is suspended or cancelled as of the time at which the controlling individual's licence is suspended or cancelled.

The Real Estate Errors and Omissions Insurance Corporation has adopted a policy of assessing both brokerages and individual licensees one insurance premium, regardless of the number of licences held.

(2) If a personal real estate corporation ceases to have any of the attributes described in section 10.3, the licence of the corporation becomes inoperative.

(3) On application of a personal real estate corporation whose licence has become inoperative under subsection (2), the real estate council may reinstate the licence if it is satisfied that the corporation meets all of the requirements of section 10.3.

(2.1) Applications by personal real estate corporations for representative, associate broker or managing broker licences — In addition to the requirements of subsection (1), an application by a personal real estate corporation for a new licence as a representative, associate broker or managing broker must contain, or have attached to it, the following:

The renewal fee for a personal real estate corporation is the same as that required for the renewal of the controlling individual's licence.

If you no longer wish to be licensed as a personal real estate corporation, follow these steps to terminate the licence:

If the controlling individual is currently licensed and is only registering a personal real estate corporation and not making any other amendment to their licence (ie: transfer, renewal, category change, etc.), they must:

Upon termination of your real estate licence, your approved sales corporation licence also terminates.

A personal real estate corporation receives a licence as well as the controlling individual.

Licensees who choose to license a personal real estate corporation must maintain two licences — one for themselves and one for the personal real estate corporation.

So, you've incorporated, applied and received a licence for a personal real estate corporation, and begun practising as a personal real estate corporation.

Perhaps you already have a licensed personal real estate corporation and you are looking for answers to specific questions or for information on maintaining your licence.

In order to operate a personal real estate corporation, the Regulations establish that the «controlling individual» and the personal real estate corporation must have each obtained a licence.

Transfers: If you wish to transfer to another brokerage, you must apply to transfer both your individual licence and the licence of the personal real estate corporation to the new brokerage.

Licensees who are interested in licencing a personal real estate corporation should discuss it with their managing broker and review the following sources of information:

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.

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.

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

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

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.

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.

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

You'll need to make sure you'll be ready to comply with the Council's advertising requirements for personal real estate corporations as soon as your licence arrives.

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 penareal 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 peestate corporation, the licence of Angela Guo Personal Real Estate Corporation is also reprimanded, and is equally responsible for paying the enforcement expenses and disciplicorporation, the licence of Angela Guo Personal Real Estate Corporation is also reprimanded, and is equally responsible for paying the enforcement expenses and discipline penaReal Estate Corporation is also reprimanded, and is equally responsible for paying the enforcement expenses and discipline peEstate Corporation is also reprimanded, and is equally responsible for paying the enforcement expenses and discipliCorporation is also reprimanded, and is equally responsible for paying the enforcement expenses and discipline penalty.