Sentences with phrase «real estate corporation otherwise»

Not exact matches

Said corporation may have and hold by purchase, grant, gift, or otherwise, real estate not exceeding five million, five hundred thousand dollars in value, and personal estate in any amount.

(A) «Real estate broker» includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following:

In the case of a real estate firm, partnership, or corporation, whose business activity is substantially all commercial, only those principals actively engaged in the real estate business in connection with the same office, or any other offices within the jurisdiction of the association in which one of the firm's principals holds REALTOR ® membership, shall be required to hold REALTOR ® membership unless otherwise qualified for Institute Affiliate Membership, as described in Section 1 (b) of Article IV.

All persons who are partners in a partnership, or all officers in a corporation, or all trustees of a trust who are actively engaged in real estate practice within the state or a state contiguous thereto shall qualify for REALTOR ® Membership only, and each is required to hold REALTOR ® Membership (except as provided in the following paragraph) in an Association of REALTORS ® within the state or a state contiguous thereto unless otherwise qualified for Institute Affiliate Membership.

In the case of a real estate firm, partnership, or corporation, whose business activity is substantially all commercial, only those principals actively engaged in the real estate business in connection with the same office, or any other offices within the jurisdiction of the association in which one of the firm's principals holds REALTOR ® membership, shall be required REALTOR ® membership unless otherwise qualified for Institute Affiliate membership.