Which One of the Following Is Not Required of a REIT

question 123

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)Make direct investments only in apartment houses, shopping malls, and other commercial property
• E)Invest at least 75 percent of the total assets in real estate

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