Two types of directive real estate investments

Define Equity Reit

A diversified pool consists of only Offices
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REITs use rental income generated from properties to pay cash return to unit holders
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Mortgage REITs Purchase existing mortgages or MBS (Revenues are generated by interested earned on loans)
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REITs cannot provide a tax shelter as depreciation cannot be passed to investor
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What is a subprime mortgage?

What are Mortgage Brokers for? Who pays them?