Property Management
What is 'real estate investment trust' (REIT) and how do some Hawaii properties fit into REITs?
AA. A type of cooperative housing arrangement in Hawaii
BB. A publicly traded company that owns income-producing real estate, allowing investors to buy shares in portfolios of Hawaii properties like hotels, shopping centers, or apartments without directly owning them✓ Correct
CC. A Hawaii state program investing pension funds in real estate
DD. A trust holding Native Hawaiian homestead lands for future generations
Explanation
A REIT (Real Estate Investment Trust) is a company that owns, operates, or finances income-producing real estate. REITs must distribute at least 90% of taxable income to shareholders as dividends. Many significant Hawaii properties are owned by REITs—major Waikiki hotels, shopping centers, and apartment complexes may be REIT assets. REITs enable small investors to participate in large Hawaii commercial real estate.
Related Hawaii Property Management Questions
- A Hawaii property manager collects security deposits. Under Hawaii law, security deposits must be:
- In Hawaii, a property management company managing a condominium association is typically hired by:
- Which of the following best describes a gross lease in Hawaii property management?
- In Hawaii, which type of lease gives the tenant the most security of tenure?
- What is 'escalation clause' in a commercial lease versus in a purchase offer?
- What is the difference between 'gross lease' and 'triple net lease' from a landlord's perspective?
- Under Hawaii law, if a landlord fails to make requested habitable condition repairs within a reasonable time, the tenant may:
- What is a 'management agreement' in real estate property management?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →