SIE Exam Question 618: Answer and Explanation

Question: 618

____ Self-liquidating, flow-through entity that invests in real estate mortgages or mortgage-backed securities.

• A. Equity REIT
• B. Mortgage REIT
• C. REMIC
• D. REIT

Correct Answer: C

Explanation:

A REMIC is a self-liquidating, flow-through entity that invests in real estate mortgages or mortgage-backed securities.