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The Rule of Ethics ( Reglamento de Ética) is a regulation to implement Law No. 10 of April 26, 1994, the law to regulate the real estate business and profession of broker, salesperson, and real estate companies in Puerto Rico. Law No. 10 Amendment - Law No. 118 - 26 September 2005. Law No. 10 Amendment - Law No. 93 - 16 May 2006.
Luis D. Ortiz (born November 13, 1986) is a licensed real estate salesperson who worked for Douglas Elliman. Ortiz co-starred in the Bravo reality television series Million Dollar Listing New York, alongside Fredrik Eklund and Ryan Serhant, who remained from the prior season, and has continued with Eklund and Serhant to subsequent seasons.
On 29 July 2007, the government approved Law Number 80, making the tax mandatory for all municipalities of the commonwealth. Also, the tax rates were changed to 6% at the state level and 1% at the municipal level. On 1 July 2015, the sales tax rate was increased from 7% to 11.5%, in response to a suffering economy.
e. This is a list of Puerto Rico locations by per capita income. In 2017, Puerto Rico had a per capita income of $12,081 — lower than any state and one of the lowest in the United States. [1] In 2017, Puerto Rico had a median household income of $19,775 — the lowest of any state or territory in the United States. [1]
The economy of Puerto Rico is classified as a high income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. The main drivers of Puerto Rico's economy are manufacturing, primarily pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate, and tourism.
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/ lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. Worldwide, it owns interests in 232 properties [3] as of 2021.
V.Suárez Investment Co. - A diversified investment management company focused on maximizing investment income through a variety of investment instruments both within and outside of Puerto Rico. V.Suárez Real Estate Group - A real estate development and management company focused principally on the warehouse and office segments of the market.
The Real Estate Settlement Procedures Act (RESPA) was a law passed by the United States Congress in 1974 and codified as Title 12, Chapter 27 of the United States Code, 12 U.S.C. §§ 2601 – 2617. The main objective was to protect homeowners by assisting them in becoming better educated while shopping for real estate services, and eliminating ...
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