Which of the following is a requirement of a REIT?
A) Distribute at least 90 percent of the taxable annual earnings to shareholders
B) Hire independent real estate professionals to carry out certain management activities
C) Have at least 100 shareholders and no more than one half of the shares being owned by 5 or fewer people
D) Invest at least 75 percent of the total assets in real estate
E) All of these are requirements of a REIT.
Correct Answer:
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