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.
Not exact matches
For example, in mid-February acting
on behalf of German investors, PREI formed a joint venture with Charleson, S.C. - based multifamily
developer and investor Greystar to build a 200 -
unit luxury apartment tower in downtown Charleston, S.C..
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.
Our valuation assignments include both single
unit and portfolio valuations
of commercial and residential properties in the Benelux carried out
on behalf of international financial institutions,
developers, investment funds, corporations and private investors.
(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.
An individual acting under this exemption must disclose to other principals (i.e., potential buyers
of the development
unit) that the individual is not licensed under RESA, who the individual is employed by, and that the individual is acting
on behalf of the
developer (s) and not
on behalf of the buyer.