Which One of the Following Is Not Required of a REIT

question 78

Multiple Choice

Which one of the following is not required of a REIT by federal law?

• A)Distribute at least 90 percent of the taxable annual earnings to shareholders
• B)Hire independent real estate professionals to perform certain management activities
• C)Have at least 100 shareholders with no more than half of all shares owned by 5 or fewer people
• D)Engage in only speculative,short-term holdings of real estate for quick profits
• E)Invest at least 75 percent of the total assets in real estate

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Definitions:

Suzuki Reaction

A cross-coupling reaction involving the palladium-catalyzed cross-coupling between organoboron compounds and halides or pseudohalides to form biaryls.

Aryl Halide

A class of organic compounds where a halogen atom is directly bonded to an aromatic ring.

Major Organic Product

The primary product generated in the highest yield during an organic chemical reaction, among other possible products.

Suzuki Coupling

A cross-coupling reaction used in organic chemistry to join two carbon atoms together through the use of a palladium catalyst and a boron compound.