20-24.A condition for a REIT to be able to sell its real estate property is:
A) It has held the property for at least five years
B) during the four-year period prior to the sale it must have incurred capital expenditures on the property in excess of 25% of its sales price
C) it must have sold more than five properties during the same year
D) it must have acquired property through a foreclosure
Correct Answer:
Verified
Q20: 20-13.A form of ownership structure for real
Q21: 20-36.REITs essentially operate as:
A) mutual funds
B) 401(k)plans
C)
Q22: 20-35.The following is one of several criteria
Q23: 20-34.Transfer of interest in a Master Limited
Q24: 20-32.Under the Uniform Limited Partnership Act:
A) partnerships
Q26: 20-21.With an S-corporation the number of shareholders
Q27: 20-28.A benefit of the S-Corporation for holding
Q28: 20-26.One advantage of sole ownership of real
Q29: 20-22.Partnerships can be categorized as:
A) general
B) limited
C)
Q30: 20-30.Characteristic of the limited partnership form of
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