CT CHAP 18 REAL ESTATE SECURITIES
EXAM QUESTIONS AND ANSWERS
100% PASS
real estate security - ✔✔share of investment in real estate. It is indirect way to own real
estate that is different than direct ownership.
-Primary reason for investing in real estate security is to earn financial return. Investor
does not have to manage/maintain underlying real estate asset
-Ct regulates sale of real estate securities- defines 2 diff types of securities are real
property securities and real estate syndicate securities. Each type regulated under
separate law (both administered by ct real estate commission)
real property securities - ✔✔regulated under ct general statutes chap 392, extension of
real estate license law
-Investment in single loan note or contract secured by parcel of real estate where
payments on note or contract are guaranteed by person selling security
-Includes investments in multiple loans secured by multiple parcels of real estate in
same/adjoining subdivisons
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, -Permit from real estate commission required before real property securities can be sold
to public
0Person selling real property securities to public - securities dealer must be licensed as
broker and have license endorsed by real estate commission
real estate syndicate securities - ✔✔regulated under ct gen statutes chap 826 which is
not part of real estate license law
-Investment ownership shares in real estate syndicate aka partnership or noncorporate
entity or limited partnership set up to invest in real estate that has 18+ investors
-Person or entity forming partnership and selling investment shares is the issuer of
syndicate securities
-Issuer of syndicate securities not required to have real estate license
real estate security - ✔✔share of income producing investment that has real estate as
underlying asset. Instead of holding title to real estate, investor in real estate security
holds investment share in entity that owns real estate or right to receive payments on
loan w real estate used as collateral
-Partnership may be formed to purchase property- to raise funds to purchase, they
issue/sell shares to investors who are financing project and shares are claims of
ownership in partnership
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EXAM QUESTIONS AND ANSWERS
100% PASS
real estate security - ✔✔share of investment in real estate. It is indirect way to own real
estate that is different than direct ownership.
-Primary reason for investing in real estate security is to earn financial return. Investor
does not have to manage/maintain underlying real estate asset
-Ct regulates sale of real estate securities- defines 2 diff types of securities are real
property securities and real estate syndicate securities. Each type regulated under
separate law (both administered by ct real estate commission)
real property securities - ✔✔regulated under ct general statutes chap 392, extension of
real estate license law
-Investment in single loan note or contract secured by parcel of real estate where
payments on note or contract are guaranteed by person selling security
-Includes investments in multiple loans secured by multiple parcels of real estate in
same/adjoining subdivisons
Brittie Donald, All Rights Reserved © 2025 1
, -Permit from real estate commission required before real property securities can be sold
to public
0Person selling real property securities to public - securities dealer must be licensed as
broker and have license endorsed by real estate commission
real estate syndicate securities - ✔✔regulated under ct gen statutes chap 826 which is
not part of real estate license law
-Investment ownership shares in real estate syndicate aka partnership or noncorporate
entity or limited partnership set up to invest in real estate that has 18+ investors
-Person or entity forming partnership and selling investment shares is the issuer of
syndicate securities
-Issuer of syndicate securities not required to have real estate license
real estate security - ✔✔share of income producing investment that has real estate as
underlying asset. Instead of holding title to real estate, investor in real estate security
holds investment share in entity that owns real estate or right to receive payments on
loan w real estate used as collateral
-Partnership may be formed to purchase property- to raise funds to purchase, they
issue/sell shares to investors who are financing project and shares are claims of
ownership in partnership
Brittie Donald, All Rights Reserved © 2025 2
