20-16An IRS Code Criteria for a REIT to Qualify as a Tax-Free

question 3

Multiple Choice

20-16.An IRS code criteria for a REIT to qualify as a tax-free entity is:

• A) it can not issue transferable shares
• B) it may be a financial institution or insurance company
• C) it must derive at least 75% of its gross income from real estate related investments
• D) it may not hold all of its assets in the form of mortgages

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Definitions:

Political Science

The study of governance, political activities, political thoughts, and political behavior.

Montesquieu

A French political philosopher of the Enlightenment who is best known for his theory of separation of powers, which has been incorporated into the constitution of many countries, including the United States.

Constitutionalism

The belief in limiting government power by law, ensuring a system of checks and balances within the state's framework to protect individuals' rights and liberties.

General Will

A concept in political philosophy, particularly associated with Jean-Jacques Rousseau, representing the collective interest or the common good that is in the best interest of society as a whole.