Sentences with phrase «real estate corporation receives»

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

Not exact matches

According to campaign disclosure reports the Erie County GOP received five separate contributions of $ 20,000 each in 2012 from Limited Liability Corporations with the same address as New York City real estate company Glenwood Management.

Lhota, who was bolstered by a fundraising push from his former boss, Mayor Rudy Giuliani, received strong support from the banking and real estate industries, with contributions from Lowes Corporation Chief Executive James Tisch, Home Depot's Ken Langone and Cablevision's Charles Dolan, records show.

«Credit Services Organization» does not include any of the following: (i) a person authorized to make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act of 1987.

A natural person, a corporation through its officers, a partnership through its partners or a limited liability company through its members or managers that deals in selling, exchanging, purchasing, renting, leasing, managing or pledging the person's or entity's own property, including cemetery property and membership camping contracts, and that does not receive special compensation for a sales transaction or does not receive special compensation or other consideration including property management fees or consulting fees for any property management services performed, if the majority of an officer's, partner's, member's or manager's activities do not involve the acts of a real estate broker,

(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:

Real estate brokers may create a corporation, LLC, LLP, or other entity for the purpose of receiving compensation, but no licensee may conduct professional real estate activity under that organizatiReal estate brokers may create a corporation, LLC, LLP, or other entity for the purpose of receiving compensation, but no licensee may conduct professional real estate activity under that organizatireal estate activity under that organization.8

The unlicensed real estate corporation was listed as the cooperating broker for the transaction and expected to receive a commission for real estate services.

10.6 (1) Despite section 7 (1)(b), (3) and (5) of the Act, a controlling individual may be engaged by a personal real estate corporation to provide real estate services on behalf of a brokerage, and may receive remuneration in relation to those real estate services from the personal real estate corporation, if all the following requirements are met:

7 DOS 00 DOS v. Flagship Marketing Group - availing of license; failure to cooperate with DOS investigation; jurisdiction; proper business practices; ex parte hearing may proceed upon proof of proper service; DOS retains jurisdiction over party not licensed at the time of the hearing where, at that time the complaint was served, the party was (i) licensed, (ii) an applicant for a license or renewal, or (iii) was eligible to automatically renew; salesperson is prohibited both from owning, directly or indirectly, singly or jointly, any shares of voting stock in and from being an officer of any licensed real estate brokerage corporation with which the salesperson is associated; representative real estate broker availed the corporate broker license to an associated salesperson where the office was operated by the salesperson without the direct supervision of the representative broker and the salesperson conducted business as a broker for his own benefit; representative real estate broker engaged in fraud by availing the corporate real estate broker license to a salesperson; representative broker's availing of corporate broker's license for which the corporate broker is vicariously liable; failure to provide business records constitutes failure to cooperate with DOS investigation; DOS fails to establish fraud, ignorance or negligence is not sufficient to prove mistake; pressure, regardless of how severe, is not undue influence; restitution denied where funds sought were received by an entity not named or charged in the complaint; corporate broker fined $ 3,000.00, representative broker's license revoked and fined $ 3,000.00 and salesperson fined $ 5,000.00

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

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

Additional projects receiving awards were the Special Purpose Property Award to the Ann & Robert H. Lurie Children's Hospital in Chicago; the Luxury Residential Award to the Montage Residences at Kapalua Bay, Maui, HI, represented by Lisa Hatem Real Estate Company; the Residential Low - Rise Award to Ka Malanai, Kailua, HI, developed by D.R. Horton - Schuler Division; and the Residential High - Rise Award to ONE Ala Moana, Honolulu, HI, developed HHMK Development LLC, a partnership comprised of Howard Hughes Corporation, The MacNaughton Group and Kobayashi Group.

The Real Estate Council occasionally receives complaints from strata corporations suggesting that the brokerage providing strata management services has withdrawn an increased management fee from the strata corporation's operating trust account without proper authority to do so.

The top real estate officer at U.S. corporations received average annual compensation of $ 233,000, while salaries in this category ranged from $ 66,000 to $ 1.2 million.