What is a personal real estate corp (PREC) and how can you benefit from this?
Aarinder Lidder - Apr 20, 2022
A PREC is a personal corporation that real estate agent and brokers can create. A PREC will be a separate legal entity from yourself. It's going to act as an intermediary between the brokerage house that you work with and yourself. In terms of the flow of funds for your commissions, when you earn a commission, the amount will be paid directly to the PREC rather than you. To read the full article click here