# Series 7 Exam Prep 20, REITs and Real Estate Securities

Page: https://stenobird.com/podcast/open-exam-prep-7140559/series-7-exam-prep-20-reits-and-real-estate-securities
Text version: https://stenobird.com/podcast/open-exam-prep-7140559/series-7-exam-prep-20-reits-and-real-estate-securities.md
Podcast: [Open Exam Prep](https://stenobird.com/podcast/open-exam-prep-7140559)
Published: 2026-06-27T01:01:53+00:00
Episode link: https://open-exam-prep.captivate.fm/episode/series-7-exam-prep-20-reits-and-real-estate-securities
Audio file: https://episodes.captivate.fm/episode/874112e7-b81b-4b2d-ac9b-a91089712870.mp3
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Duration seconds: 188

## Resource

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 Equity REITs generate income from property rents versus how Mortgage REITs earn income from interest on loans. - The 90% net investment income distribution rule that allows REITs to avoid corporate-level taxation. - The critical tax trap: REIT dividends are taxed as non-qualified ordinary income to the investor, not at lower qualified dividend rates. - The main risks for REITs, particularly interest-rate sensitivity for Mortgage REITs and general real estate market risk. - The key advantages of REITs over direct real estate ownership, which are liquidity and diversification. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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