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How are TDR Certificates Exchanged?

April 26, 2017certificates exchanged TDR

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How are TDR Certificates Exchanged?

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It is expected that TDR certificates would be exchanged, traded and conveyed much like real estate. It is expected that real estate brokers would assist in such conveyance, for a fee. The sale and receipt of TDRs would be recorded with the auditor so that development rights could be “tracked.