REITs are sold through a network of hundreds of independent broker-dealers that contract with or employ thousands of financial planners. Among them, they split sales commissions of up to 9.5%. The rest of the 14% in upfront fees, or load, as they are known in the industry, goes to Wells-controlled entities for advisory and other services.

You can go to these websites:

http://www.reit.com

http://www.investopedia.com/terms/r/reit.asp

http://www.investopedia.com/articles/04/030304.asp

A real estate investment trust (REIT) is a real estate company that offers common shares to the public. In this way, an REIT stock is similar to any other stock that represents ownership in an operating business. But an REIT has two unique features: its primary business is managing groups of income-producing properties and it must distribute most of its profits as dividends. Here we take a look at REITs, their characteristics and how they are analyzed.
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http://www.suite101.com/discussion.cfm/investing/21862/251-260

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