The Process
The first step involves you, the investor, completing an accredited client form. Once you have done this the registered rep will be able to provide sponsor property offerings to you. You will also have access to a secure web page describing potential offering at this point.
The next step in the process is when the registered representative forwards offering brochures of potential TIC offerings. After reviewing the PPM both the broker dealer and the sponsor will need to fill out a TIC: subscription questionnaire.
This questionnaire will ask various questions, including questions regarding the investor’s tax returns, credit authorization, and may even require a financial statement to go along with it. It is very important that this TIC: subscription questionnaire be filled out properly and accurately, so that the rest of the process can go by as quickly as possible.
The length of this process will vary from one case to another, but generally it takes a couple of weeks to complete fully.
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