Subject: File No. S7-26-07 - Support For Tenant-in-Common (TIC) Regulatory Postion

December 4, 2007

Dear Ms. Nancy M. Morris:

I am writing in support of File No. S7-26-07 which, if adopted, would allow licensed real estate brokers to be compensated for their real estate expertise in securitized Tenant-in-Common (TIC) transactions.

It is hard to believe that currently TIC's (which in reality are REAL ESTATE) can only be sold by those possessing a securities license, which does not necessarily equate to expertise in representing a client in a REAL ESTATE transaction.

I am hopeful that the rules will be changes to allow QUALIFIED persons possessing a REAL ESTATE license to be able to sell this REAL ESTATE and be compensated for it.

Please feel free to contact me with any questions. Thank you for listening.


Braun A. Mincher, President/Managing Broker
Aggie Real Estate, LLC / Aggie Commercial, LLC