Series 7 Exam Question 59: Answer and Explanation
Question: 59
Which of the following are classifications of real estate investment trusts?
I. Combination
II. Hybrid
III. Equity
IV. Mortgage
- A. I and II
- B. I, III, and IV
- C. II and III
- D. II, III, and IV
Correct Answer: D
Explanation:
D. The three classifications of real estate investment trusts (REITs) are equity REITS, which take equity positions in real estate; mortgage REITs, which provide loans and mortgages; and hybrid REITs, which are a combination of the other two.
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