How to choose the right real estate agent for property search and sale?

Look at the agent track record for consistent awards every month. Khai Rambo is very consistent award achiever every single month.

Many agents claim to be “Top Agents” how can I be sure that the Khai Rambo is one of the best?

The single biggest misunderstanding about that term comes from what determines the status. If you work in a small company with few agents Top Agent could be a designation given to an agent who sold three homes in a year based on the relative productivity of the firm or office. Statistics are skewed. Khai Rambo is the top agent in Propnex, biggest real estate company in Singapore and we are in the #1 office for all real estate companies in Singapore. When he say he do well he has to do well to be in this category since our competition for “top” is fierce. This translates into a strong environment to work in Propnex with effective agents networking, marketing and sharing their inventory and future listings with each other which means accurate and new home opportunities for buyers.

If Khai Rambo is so successful, how will I know that he has time to attend to my needs?

Khai Rambo has taken multiple steps to insure that every one of his buyer’s and seller’s needs are attended to. He is highly experienced agent with an established structure of support for our clients. From the attention to detail to the communication with clients, he is able to offer far more services.

Do Khai Rambo has an area or region of primary focus?

Khai Rambo intentionally chose to work in the CCR (Central Core Region) & OCR (Outside Core Region) of Singapore because it allows him to market properties and assist buyers from all over Singapore. He is consistently working on transactions from residential to commercials and his marketing strategies are efficient in all of these areas.

Repurchase Agreements Revenue Recognition

By | January 6, 2022

Repurchase agreements (repos) are financial transactions in which one party sells securities to another, with an agreement to buy them back at a later date. This type of agreement is commonly used in the financial industry to provide short-term financing, and it can also be used to manage risk. However, when it comes to revenue recognition, repos can be a tricky subject.

The Financial Accounting Standards Board (FASB) provides guidance on revenue recognition for repurchase agreements in Topic 606, Revenue from Contracts with Customers. According to this guidance, revenue should be recognized when control of the securities is transferred to the buyer. Control is typically transferred when the buyer takes possession of the securities, or when the seller surrenders control of the securities to the buyer.

In the case of a repo, the seller is essentially borrowing money from the buyer, and the securities serve as collateral for the loan. The seller still retains ownership of the securities, but has transferred control of them to the buyer for the duration of the repo. Because the seller has not relinquished ownership of the securities, revenue cannot be recognized until the repo is unwound and the securities are returned to the seller.

However, there are some exceptions to this rule. If the repo agreement contains a clause that transfers ownership of the securities to the buyer, revenue can be recognized at the time of the repo. Additionally, if the seller is acting as a dealer in the securities and the repo is considered a sale, revenue can be recognized at the time of the repo.

In summary, revenue recognition for repurchase agreements can be complex and depends on the specific terms of the agreement. It is important for companies to carefully review their repo agreements and consult with their accounting professionals to ensure proper revenue recognition. As with any financial transaction, accuracy and transparency are key to maintaining the trust of investors and stakeholders.

Posted in Uncategorized