Ace the Florida Real Estate Exam 2026 – Unlock Your Agent Superpowers!

Joanie is most likely to select a multi-family residential income property because it is a physical property that she can manage and control herself. B, C, and D are all types of real estate investments where Joanie would not have direct control over the management of the property, making them less likely to be her preferred choice. A real estate investment trust (REIT) is a company that owns and operates income-generating real estate, but Joanie would be a shareholder rather than a direct property owner. A real estate mortgage investment conduit (REMIC) is a type of mortgage-backed security where Joanie would be investing in a pool of mortgages rather than a physical property. And a real estate syndicate membership would make Joanie a part-owner in a larger real estate project, but again, she would not have direct control over the property. Therefore, based on the given information, Joanie