Andrea Mitchell has joined a real estate syndicate.The syndicate she belongs to was formed by one individual who sold participation units to Andrea and several others.The individual who sold the participation units has unlimited liability and manages the property.Andrea and the others can only lose their initial investment.What type of real estate syndicate has Andrea joined?

Question

Quizplus · Accepted Answer

Andrea has joined a limited partnership. In a limited partnership, there is at least one general partner with unlimited liability (in this case, the individual who sold participation units and manages the property) and one or more limited partners (like Andrea and the others) whose liability is limited to their initial investment.

Andrea Mitchell Has Joined a Real Estate Syndicate