SIE - Securities Industry Essentials Exam

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A public, non-listed REIT

Is not registered with the SEC and are more liquid than a listed REIT.
A
Is registered with the SEC and are more liquid than a listed REIT.
B
Is registered with the SEC but does not trade on major securities exchanges.
C
Does not have to register with the SEC and are highly liquid.
D
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Explanations

PNLRs are registered with the SEC, but do not trade on major trading exchanges; which makes them rather illiquid.

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