A syndicate investment where the investment property has not yet been selected is known as a blind trust . Syndicates are subject to state regulations. Corporations A corporation is an artificial entity established under state law. Shareholders in the corporation have no personal liability. Corporate profits are taxed, as are dividends received by the stockholders.
Corporations can raise capital by selling stock shares in the ownership of the company.
In dealing with a corporation, a real estate agent should study the bylaws to determine who has authority to act on behalf of the company. At least 75 percent of a REIT must be in real estate. Interests in REITs are usually regarded as securities. A REIT must have one hundred or more investors and is regulated by federal law. Condominiums A condominium is a development in which there is individual fee simple ownership of a unit and shared ownership of common areas with other owners as tenants in common.