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In a real estate context, an option fee is money paid by a buyer to a seller for the option to terminate a real estate contract. Option fee funds should not be confused with earnest money . The use of option fees is most common in the residential resale market in Texas.
The Renault Triber is a mini MPV [1] [2] [3] with three-row seating produced by the French car manufacturer Renault through its Indian subsidiary Renault India. It was introduced in India on 19 June 2019 and went on sale in August 2019.
The Texas Real Estate Commission (TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. [1] TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate. The members are appointed for six-year terms, with the terms ...
A structured sale or structured installment sale, is a special type of installment sale pursuant to the Internal Revenue Code. [1] In an installment sale, the seller defers recognition of gain on the sale of a business or real estate to the tax year in which the related sale proceeds are received.
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The company was founded by Renault in 1974 [2] as the Société Financière de Renault or Sofiren, [9] being intended as a way of financing sales for its dealerships and to manage the automaker's cash flow in Europe. On 27 June 1980 it was renamed Renault Crédit International (RCI). [9]
As part of Renault's restructuring following privatisation in 1996, the heavy vehicles operations of bus and truck were divested. In 1999, the Renault and Karosa bus and coach operations were split off from Renault Véhicules Industriels and merged with Fiat-Iveco's bus and coach operations to form the jointly owned subsidiary Irisbus. [18]
If a taxpayer realizes income (e.g., gain) from an installment sale, the income generally may be reported by the taxpayer under the "installment method." [5] The "installment method" is defined as "a method under which the income recognized for any taxable year [ . . . ] is that proportion of the payments received in that year which the gross profit [ . . . ] bears to the total contract price."