b'Real Estate Securities Securitiesissuedbyacompanythatownsrealestate,allowingthe investor to invest in real estate without having to buy land or buildings. This provides the investor the opportunity to invest in real estate without having to become involved with real estate management, while giving the investor limited liability. The investor owns interests in the company, but does not have direct ownership in the real estate owned by the issuers company. Registered Agent A person or legal entity that may be served any process, notice, or demand required or permitted by law to be served on the company. Registered Investment Adviser An adviser or firm participating in the investment advisory business and registeredwiththeSECorwithstatesecuritiesregulatoryagencies. Registered investment advisers have a fiduciary duty to their clients. Resignation of OrganizerA letter generated by the person hired to form an entity on behalf of someone else. The resignation transfers the authority for operation of the company from the person who filed the paperwork with the secretary of state to the persons who will actually be involved in managing the entity.Safe Harbor A safe harbor exemption from registration is granted to the issuer of securities when an offer and sale of securities complies with the specific 309'