When a Syndication Is Offered as a "Blind Pool" Offering,the

question 30

True/False

When a syndication is offered as a "blind pool" offering,the properties to be purchased are not identified before funds are raised.

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Definitions:

Third-party

An individual or group besides the two involved in a transaction or legal matter.

Possession

The actual holding or control of property, whether owned or not.

Engine

A machine designed to convert energy into useful mechanical motion to power vehicles, generators, and other devices.

Transmission

The act or process of transferring something from one place, person, etc., to another, commonly used in contexts like the transmission of electrical power or infectious diseases.