Schulte Real Estate Company, Inc. - 1950 dated Investment Stock Certificate
Inv# IV1048 Stock
Stock printed by Central Banknote Company. Real estate business is the profession of buying, selling, or renting real estate (land, buildings, or housing). It is common practice for an intermediary to provide real estate owners with dedicated sales and marketing support in exchange for commission. In North America, this intermediary is referred to as a real estate agent, real estate broker or realtor, whilst in the United Kingdom, the intermediary would be referred to as an estate agent. In Australia, they are known as a real estate agents, real estate representatives, or simply the agents. There have been various studies to detect the determinants of housing prices to this day, mostly trying to examine the impacts of structural, locational and environmental attributes of houses. Read more at https://en.wikipedia.org/wiki/Real_estate_business
5 Columbus Circle (also known as 1790 Broadway and formerly known as the United States Rubber Company Building) is an office building on the southeast corner of Broadway and 58th Street, just south of Columbus Circle, in the Midtown Manhattan neighborhood of New York City, New York, United States. Designed by Carrère and Hastings in the Beaux-Arts style, it is 286 feet (87 m) tall with 20 stories. The Fitzgerald estate sold the Schulte Real Estate Company the site for $1.1 million in 1928 and title was then passed to businessman August Heckscher. U.S. Rubber acquired the land under the building outright in 1932, upon the expiration of the original lease. At the time of U.S. Rubber's land purchase, the Metropolitan Life Insurance Company had a mortgage loan of $800,000 against the property. Read more at https://en.wikipedia.org/wiki/5_Columbus_Circle
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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