CFA Institute CFA-Level-I Exam - Topic 1 Question 20 Discussion

Actual exam question for CFA Institute's CFA-Level-I exam

Question #: 20
Topic #: 1

[All CFA-Level-I Questions]

With regard to real estate, all properties must be included in at least one ________.

Aaccount

Binvestment type

Ccomposite

Dsector

Eportfolios

Show Suggested Answer

Suggested Answer: C

by Evangelina at Aug 03, 2025, 10:19 PM

Limited Time Offer

25%

Off

Get Premium CFA-Level-I Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Aleta

3 months ago

Investment type is also a valid option, just saying!

upvoted 0 times

...

Elbert

3 months ago

Wait, are you sure about that? Sounds a bit off.

upvoted 0 times

...

Vashti

3 months ago

All properties must be included in at least one portfolio.

upvoted 0 times

...

Georgene

4 months ago

Definitely agree, portfolios are key for organization!

upvoted 0 times

...

Rosalind

4 months ago

I think it’s sector, but portfolios make sense too.

upvoted 0 times

...

Fallon

4 months ago

I’m leaning towards "sector" because it seems to fit with how we classify different types of properties, but I could be wrong.

upvoted 0 times

...

Vicky

4 months ago

I feel like "composite" sounds familiar, but I also remember "investment type" being mentioned in our study materials.

upvoted 0 times

...

Susana

5 months ago

I remember something about properties needing to be categorized, but I can't recall if it was "account" or "sector."

upvoted 0 times

...

Terry

5 months ago

I think it might be "portfolio," but I'm not completely sure. We did a practice question on this.

upvoted 0 times

...

Bette

5 months ago

This is a good question to test our knowledge of real estate terminology. I'm pretty confident the right answer is "account" since that's the basic unit for recording real estate assets.

upvoted 0 times

...

Clare

5 months ago

I'm a little confused by the wording of this question. Is it asking about how real estate investments are categorized or something else? I'll have to think it through step-by-step.

upvoted 0 times

...

Willard

5 months ago

Okay, I've got this. All properties must be included in at least one "account" - that's the correct answer, choice A.

upvoted 0 times

...

Derick

5 months ago

Hmm, I'm a bit unsure about this one. Real estate can be a complex topic, so I'll need to re-read the question and options closely to make sure I understand what they're asking.

upvoted 0 times

...

Yoko

6 months ago

This seems like a straightforward question about real estate accounting. I'll think through the options carefully and choose the one that best fits the description.

upvoted 0 times

...

Wilford

7 months ago

I'm pretty sure it's D) sector. All properties belong to a real estate sector, like residential, commercial, or industrial.

upvoted 0 times

Sherrell

6 months ago

So, would you say that a sector is like a classification for different types of real estate?

upvoted 0 times

...

Willetta

6 months ago

Yes, that's correct. It helps categorize properties based on their use and purpose.

upvoted 0 times

...

Rodolfo

6 months ago

I think you're right, D) sector makes sense. Each property falls into a specific sector.

upvoted 0 times

...

Robt

7 months ago

I agree with Aleisha, having properties in portfolios allows for diversification and risk management.

upvoted 0 times

...

Aleisha

7 months ago

I think it's E) portfolios because properties can be part of a larger investment portfolio.

upvoted 0 times

...

Tina

7 months ago

D) sector

upvoted 0 times

...