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22 search results, Multipurpose plots for sale (Sponsored)
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WHAT EXACTLY IS COMMINGLING IN REAL ESTATE, AND HOW DOES IT APPLY TO REAL ESTATE AGENTS
Commingling is a term that is commonly used in the real estate industry. It refers to the practice of mixing clients' funds with the real estate agent's own money in a single account. In other words, commingling is when a real estate agent uses their clients' money for personal use or puts it in their own account.
Commingling can have serious consequences for both the real estate agent and their clients. For example, if a real estate agent is found to be commingling their clients' funds, they can lose their license and face fines or other penalties. Clients, on the other hand, may lose their money or have their transactions delayed or disrupted.
Real estate agents are required to follow strict regulations when it comes to handling their clients' funds. These regulations are designed to protect clients from fraud and ensure that their funds are used for the intended purpose. For example, real estate agents are required to maintain separate accounts for their clients' funds and
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WHY ARE THERE NO LOCAL REAL ESTATE FRANCHISES IN UGANDA?
As Uganda's real estate market grows and matures, one curious observation is the scarcity of local real estate franchises. Unlike in more developed markets where franchises like RE/MAX, Knight Frank, and others thrive, Uganda's real estate industry remains largely dominated by independent agents and small, standalone agencies. A combination of market structure, regulatory conditions, and capital requirements has influenced the industry's development, steering it away from the franchise model. Let's explore the unique challenges facing local franchising in Uganda's real estate market, as well as examine some of the international real estate franchises and agencies that have established a presence in the country. Challenges Facing Local Real Estate Franchises in Uganda.High Capital Requirements. Franchising requires substantial upfront investment to cover branding, marketing, training, and technology infrastructure. For many local agents and agencies, these costs are prohibitively
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