Which of the Following BEST Defines the Term "Real Estate

question 24

Multiple Choice

Which of the following BEST defines the term "real estate syndication?"

• A)A group of investors who have combined their financial resources with the expertise of a real estate professional to carry out a real estate project
• B)An organization that acts as a single legal entity and is held separate from the individual investors
• C)An organizational form of real estate ownership in which income and expenses are passed through to individuals
• D)A group of investors who have combined their financial resources to provide debt funding for a real estate project

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Definitions:

Accrual Accounting

Accounting method that records revenues and expenses when they occur, not necessarily when cash actually changes hands.

Credit

Receiving money, goods, or services on the basis of an agreement between the lender and the borrower that the loan is for a specified period of time with a specified rate of interest.

Sale

The exchange of goods or services for money or other consideration.

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.