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Depending on the structure of your project, either as an office for commercial promotion or to engage on some type of financial activity like lending, a representative office will be the first base.

When we consulted the financial authority in NY, they were very nice and went on confirming that a Rep Office will be suitable for this project and that in addition of the Rep Office license, an Agency implementation will be needed to carry on the lending. If the mortgage lending is exclusively for commercial, there will be no need for a MLS broker license employee, as that is only needed for residential mortgage lending.

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