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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
Notice 부동산 용어사전 2019.04.15 2372
Notice 부동산 용어 (A to Z) 2019.03.03 1601
111 TEST 18 2019.03.23 630
110 Chapter 18 Conclusion 2019.03.23 209
109 TEST 17 2019.03.23 257
108 Hudson Yards file 2019.03.16 106
107 TEST 17 2019.03.10 237
» Chapter 17 Conclusion 2019.03.10 146
105 TEST 16 2019.03.10 175
104 TEST 15 2019.03.07 130
103 Chapter 15 Conclusion 2019.03.07 448
102 TEST 14 2019.03.07 116
101 Chapter 14 Conclusion 2019.03.07 131
100 TEST 13 2019.03.07 165
99 Chapter 13 Conclusion 2019.03.07 108
98 TEST 12 2019.03.06 353
97 TEST 11 2019.03.06 159
96 CHAPTER 11 2019.03.06 135
95 TEST 10 2019.03.05 235
94 Chapter 10 2019.03.05 252
93 SUMMARY 9 2019.03.05 78
92 TEST 9 2019.03.05 184
91 Chapter 8 Quiz 2019.03.04 144
90 Chapter 8 Conclusion 2019.03.04 272
89 DEED 2019.03.04 94
88 warranty deed 여섯 가지의 covenant 2019.03.04 96
87 Chapter 7 (TEST) 2019.03.04 153
86 Chapter 6 Quiz 2019.03.04 441
85 TEST 5 - Correction 2019.03.02 258
84 Chapter 5 Conclusion 2019.03.02 103
83 Condominium Ownership and Time Shares 2019.03.02 96