4 ms·
I know the founders... it is a credible site. They have a long history of different ventures based off of this domain name, I think this is a great concept...
by keltecp11 17y ago
I know the founders... it is a credible site. They have a long history of different ventures based off of this domain name, I think this is a great concept... but I am just curious about it's legality.
SEC violations scream all over this place in my opinion, but I'm not sure.
- kls 17y agoLast I remember and this has been over a decade ago (so take it with a grain of salt) you must have a securities license to run a Real Estate Investment Trust with more than 5 principal investors. As well most states will also require a Real Estate license or State bar attorney certification. I would say that these guys would need to be associated with a brokerage house, if the law is still the same, given that they will probably have more than 5 investors per property.