[Series 66] 13, REITs Private Funds and Liquidity

Podcast: Open Exam Prep · Ran Chen, EA, CFP®

Opublikowano: 2026-10-06

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • How REITs qualify for pass-through tax treatment under federal law by meeting asset, income, and distribution requirements. • Why REITs pass through income and dividends but never pass through tax losses to individual shareholders. • Key differences in liquidity risk across exchange-traded, non-traded, and private REITs. • Investment Company Act of 1940 private fund exclusions under Section 3...