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A purchase and sale agreement ( PSA ), also called a sales and purchase agreement ( SPA) [1] or an agreement for purchase and sale ( APS) [2], is an agreement between a buyer and a seller of real estate property, company stock, or other assets. The person, company, or other legal entity acquiring, receiving, and purchasing the property, stock ...
The Appraisal Institute ( AI ), headquartered in Chicago, Illinois, is an international association of professional real estate appraisers. [1] It was founded in January 1991 when the American Institute of Real Estate Appraisers (AIREA) and the Society of Residential Appraisers merged. The AIREA and the Society were respectively founded in 1932 ...
US$52 billion (June 2023) Number of employees. 350 (2023) Website. www .heitman .com. Heitman LLC (Heitman) is an American real estate investment firm headquartered in Chicago. It has three main business areas, private equity real estate, real estate debt and investment in real estate securities such as Real estate investment trusts (REITs).
The Illinois Department of Financial and Professional Regulation (IDFPR) is the Illinois state government code department that through its operational components, the Division of Banking, Division of Financial Institutions, Division of Professional Regulation, and Division of Real Estate, oversees the regulation and licensure of banks and financial institutions, real estate businesses and ...
The oldest real estate brokerage firm was established in 1855 in Chicago, Illinois, and was initially known as "L. D. Olmsted & Co." but is now known as "Baird & Warner". In 1908, the National Association of Realtors was founded in Chicago and in 1916, the name was changed to the National Association of Real Estate Boards and this was also when ...
The National Association of Realtors ( NAR) is an American trade association [4] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [5] making it the largest trade association in the United States [6] including NAR's institutes, societies, and councils, involved in all aspects of the ...
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