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Real Estate Federation Inc. to be sold to S.L. company

Almost Country Productions Inc. of Salt Lake City has signed a letter of intent to acquire 100 percent of the stock of Real Estate Federation Inc., an Internet coalition of real estate brokers.

The acquisition would be structured as a stock exchange, with the shareholders of Salt Lake-based Real Estate Federation owning about 94 percent of the company after the exchange.

The federation's technology connects potential homebuyers to a nationwide network of properties through individual brokers' Web sites and tracks them through the home-buying process.