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Answers to Real Estate Test

If you landed on this page, that means you just took our 25 question test!

Learn this stuff well. Fundraisers who really understand gifts of real estate are in the top of their careers.

1) Why is it important to calculate basis?

C) To determine the gift deduction

2) What counts as dealer property?

D) Both “b” and “c”

3) What percentage of AGI may an individual use of their charitable gift donations?

B) 30%

4) What percentage of corporate income may be offset by a charitable gift deduction?

A) 10%

5) Which of the following may be donated and receive a gift deduction?

D) All of the above

6) What is the IRS designation for a public charity?

C)  501 (c) 3

7) Donors may split their donations among how many charities.

D) All of the above

8) Donation of a personal residence may use the statutory deduction as well as the gift donation.

A) True

9) International properties qualify as gift donations.

A) True

10) Realtors are normally paid fees by the charity

A) True

11) Who must obtain a qualified appraisal to receive the benefit from a gift donation?

C) Donor

12) The donation of installment notes will avoid capital gains tax.

B) False

13) Debt encumbered property may be donated.

A) True

14) A simultaneous closing may be used to transfer ownership of a donated property.

A) True

15) Because real estate donations represent such a small niche market, Realtors shouldn’t waste their time developing expertise in this field.

B) False

16) How many charities are they’re in the United States?

D) 1,600,000

These real estate donations qualify for a charitable gift deduction:

17) Farms/ranches


18)  Condo in Rome or Paris


19)  Medical building housing doctor’s practice


20) A lot in Florida


21) Cabin in Pennsylvania


22) A 17% ownership interest in apartment complex?


23) A donor can receive the charitable deduction benefits over what period.

C) Six years

24) Which of these open-ended questions might you feel comfortable asking a prospective donor?

D) All of the above

25) What do the donors get from a gift of real estate?

E) All of the above

A must-have reference guide for all gift planners.

This is a super expanded version of our famous Pocket Guide on the right.

2020 Planned Giving Pocket Guide (includes a mini Gift Comparison Chart)
This is not another ways-of-giving brochure — it's a "why's of giving" that helps you better understand the upside and downside of different giving options for both you and your prospects. 
Over 4,000 satisfied fundraisers have purchased this booklet.