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With a Performance-Based Management Contract, an Asset Manager's Fees Are

question 1

Multiple Choice

With a performance-based management contract, an asset manager's fees are tied directly to the rate of return earned by investors on the portfolio of managed properties relative to a benchmark. In private commercial real estate, the choice of benchmarks for performance is limited in large part to return indices provided by which of the following organizations?

Definitions:

Short Text

A data type in databases designated for fields that contain letters, numbers, and characters, typically limited in length to a specified number of characters.

Field Size

The allocated space or number of characters allowed in a database field, determining the maximum amount of data it can hold.

Decimal Places

Refers to the number of digits shown to the right of the decimal point in numerical values, affecting how precisely numbers are represented.

Default Value

A value that a software or database field automatically assumes unless changed by the user.