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11) of the following the best time to sell a property according the Marginal Rate of Return is when: a. The Marginal Rate of Return

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11) of the following the best time to sell a property according the Marginal Rate of Return is when: a. The Marginal Rate of Return is Increasing, but has not peaked b. The Marginal Rate of Return is Flat, currently at its peak c. The Marginal Rate of Return is Decreasing, with no expectation of an increase d. None of the Above 12) All.gf the following are types of REITs except: a. Mortgage REIT b. Equity REIT c. Hybrid REIT d. Mixed REIT 13) In order to be considered a REIT a company must meet all of the following except: a. Shares must be held by at least 100 persons, and 5 or fewer shareholders cannot own 50% or more of the shares during the last half of any year b. Invest at least 75% of total assets in real estate assets, cash items and government securities c. Distribute at least 95% of taxable income excluding capital gains every year where they will be taxed at the investor's tax rate d. Derive at least 50% of gross income from real estate

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