Resolution Trust Corporation:

Real Estate Activities in North Little Rock, Arkansas

GGD-91-15FS: Published: Nov 13, 1990. Publicly Released: Nov 13, 1990.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO provided information on the Resolution Trust Corporation's (RTC) real estate holdings and property management activities in North Little Rock, Arkansas, focusing on: (1) thrifts and real estate assets placed under RTC control; (2) the sale and purchase of real estate assets; (3) the number of real estate agents qualified or disqualified for RTC contracts and reasons for disqualification; and (4) high-value real estate property managers and their salaries.

GAO found that: (1) RTC had no thrifts under supervision in the review area, but had seven real estate assets that were owned by RTC-controlled thrifts located elsewhere; (2) RTC-controlled thrifts sold six assets in the review area; (3) RTC did not require registration of real estate agents due to existing state laws and regulations, but did require registration of real estate brokers interested in handling RTC property; and (4) RTC-controlled thrifts owned only one high-value real estate asset in the review area, for which the owner contracted property management services.

Sep 5, 2018

Jul 19, 2018

Jul 18, 2018

Jun 26, 2018

Mar 22, 2018

Mar 16, 2018

Mar 15, 2018

Feb 27, 2018

Looking for more? Browse all our products here