U LupunUUJ LUCRDU LIUWUN Time Left:1:32:33 Amanda Gordon: Attempt 2 Limit: 3:00:00 Question 17 (1 point) Saved Which one of the following is not true for REIT? 3 SN 5 6 90% earnings must be paid out to investors 80% or more of the assets must be invested in real estate. Must have at least 100 shareholders. Hire a professional management team 8 9 11 12 Question 18 (1 point) Saved Which one of the following is not a key advantage of investing in real estate? 14 15 Diversification Attractive risk-adjusted return 7 18 > Inflation hedge 0 21 higher return than the stock market (S&P 500) Question 19 (1 point) Saved 3 24 An apartment building is purchased on the following terms. Cash down payments $50,000, assumption of second mortgage $60,000 and first mortgage note of $400,000, attorney's fee of $1,500, title policy of $210, recording fee of $50, and documentary stamp of $590. What is the initial tax base