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부동산

Chapter 17 Conclusion

2019.03.10 21:52 Views : 146

Chapter 17 Conclusion

This concludes Chapter 17. Below is a brief summary which you can review before you take your chapter quiz. 

Real estate syndication gives a person the chance to channel his or her private savings into real estate investments for which other financing cannot be obtained or is not available because of the large amount of money involved.

Professional management is considered essential to a successful syndication.

Syndication phases:

  1. Origination(planning and buying the property, following registration and disclosure mandates, etc.);
  2. Operation(in which the sponsor generally manages BOTH the syndicate and the actual property);
  3. Completion or Liquidation(the property's resale).

Syndications forms: Corporate Form; General Partnership (Joint Venture); Limited Partnership and Limited Liability Company. 

The Department of Corporations regulates all REITs and has the authority to grant either a permit or an exemption in deciding whether a given form of business for pooling investment money constitutes a securities offering.

real estate investment trust (REIT) is a type of company that sells securities specializing in real estate ventures.

  1. An Equity Trust: invests in real estate itself or in several real estate projects;
  2. A Mortgage Trust: invests in mortgages and other types of real estate loans/obligations.

Combination trusts: companies that engage in both of the aforementioned.

Qualification as a trust:

  1. The REIT must be beneficially owned by at least 100 investors.
  2. No five, or fewer, persons may hold more than 50 percent of the beneficial interests.
  3. Transferable shares or certificates of interest must prove the beneficial interest.
  4. In California, each share or certificate of interest must carry with it an equivalent vote. 

Keep in mind that the information we've explained throughout this Chapter is general in nature and by no means all encompassing. Licensees should contact the State Department of Corporations in order that they are fully informed about REITs and real estate syndication. Federal laws, IRS rulings, and the regulations of the Corporation Commissioner also address the most current legal regulations and provisions. A licensee should consult an attorney for specific advice.

No. Subject Date Views
113 Chapter 19 Conclusion 2019.03.25 98
112 TEST 18 2019.03.23 630
111 Chapter 18 Conclusion 2019.03.23 209
110 TEST 17 2019.03.23 257
109 Hudson Yards file 2019.03.16 106
108 TEST 17 2019.03.10 237
» Chapter 17 Conclusion 2019.03.10 146
106 TEST 16 2019.03.10 175
105 TEST 15 2019.03.07 130
104 Chapter 15 Conclusion 2019.03.07 448
103 TEST 14 2019.03.07 116
102 Chapter 14 Conclusion 2019.03.07 131
101 TEST 13 2019.03.07 165
100 Chapter 13 Conclusion 2019.03.07 109
99 TEST 12 2019.03.06 353
98 TEST 11 2019.03.06 159
97 CHAPTER 11 2019.03.06 135
96 TEST 10 2019.03.05 235
95 Chapter 10 2019.03.05 252
94 SUMMARY 9 2019.03.05 78
93 TEST 9 2019.03.05 184
92 Chapter 8 Quiz 2019.03.04 144
91 Chapter 8 Conclusion 2019.03.04 272
90 DEED 2019.03.04 94
89 warranty deed 여섯 가지의 covenant 2019.03.04 97
88 Chapter 7 (TEST) 2019.03.04 153
87 Chapter 6 Quiz 2019.03.04 441
86 부동산 용어 (A to Z) update 2019.03.03 1604
85 TEST 5 - Correction 2019.03.02 258
84 Chapter 5 Conclusion 2019.03.02 103