PAGE 1 000 B000000 12/31/2014 000 C000000 0001368893 000 D000000 Y 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 BLACKROCK REAL ASSET EQUITY TRUST 001 B000000 811-21931 001 C000000 8008820052 002 A000000 100 BELLEVUE PARKWAY 002 B000000 WILMINGTON 002 C000000 DE 002 D010000 19809 003 000000 N 004 000000 Y 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 008 A000001 BLACKROCK ADVISORS, LLC 008 B000001 A 008 C000001 801-47710 008 D010001 WILMINGTON 008 D020001 DE 008 D030001 19809 008 A000002 BLACKROCK INTERNATIONAL LIMITED 008 B000002 S 008 C000002 801-51087 008 D010002 EDINBURGH 008 D050002 United Kingdom 008 D060002 EH3 8JB 012 A000001 COMPUTERSHARE TRUST COMPANY, N.A. 012 B000001 84-05925 012 C010001 CANTON 012 C020001 MA 012 C030001 02021 012 C040001 1011 013 A000001 DELOITTE & TOUCHE LLP 013 B010001 PHILADELPHIA 013 B020001 PA 013 B030001 19103 014 A000001 BLACKROCK EXECUTION SERVICES 014 B000001 8-48719 014 A000002 BLACKROCK INVESTMENTS, LLC 014 B000002 8-48436 014 A000003 HARRIS WILLIAMS LLC 014 B000003 8-53380 PAGE 2 014 A000004 PNC CAPITAL MARKETS, INC. 014 B000004 8-32493 014 A000005 PNC INVESTMENTS LLC 014 B000005 8-066195 015 A000001 THE BANK OF NEW YORK MELLON 015 B000001 C 015 C010001 NEW YORK 015 C020001 NY 015 C030001 10286 015 E010001 X 018 000000 Y 019 A000000 Y 019 B000000 285 019 C000000 BLKRKADVSR 020 A000001 TD SECURITIES (USA) LLC 020 B000001 20-1177269 020 C000001 9 020 A000002 BANK OF MONTREAL NESBITT 020 B000002 13-4941092 020 C000002 4 020 A000003 JPMORGAN CHASE & CO. 020 B000003 13-2624428 020 C000003 2 020 A000004 MORGAN STANLEY & CO., INC. 020 B000004 13-2655998 020 C000004 2 020 A000005 DEUTSCHE BANK SECURITIES INC. 020 B000005 13-2730828 020 C000005 1 020 A000006 CITIGROUP GLOBAL MARKETS INC. 020 B000006 11-2418191 020 C000006 1 020 A000007 SANFORD C. BERNSTEIN AND CO., INC. 020 B000007 13-2625874 020 C000007 1 020 A000008 CREDIT SUISSE FIRST BOSTON 020 B000008 13-1898818 020 C000008 1 020 A000009 CONVERGEX EXECUTION SOLUTIONS LLC 020 B000009 13-3989198 020 C000009 1 020 A000010 JEFFERIES & CO., INC. 020 B000010 95-2622900 020 C000010 1 021 000000 22 022 A000001 JPMORGAN CHASE & CO. 022 B000001 13-2624428 022 C000001 1173 022 D000001 0 022 A000002 MORGAN STANLEY & CO., INC. 022 B000002 13-2655998 PAGE 3 022 C000002 661 022 D000002 121 022 A000003 DEUTSCHE BANK SECURITIES INC. 022 B000003 13-2730828 022 C000003 460 022 D000003 21 022 A000004 CREDIT SUISSE FIRST BOSTON 022 B000004 13-1898818 022 C000004 87 022 D000004 41 022 A000005 TD SECURITIES (USA) LLC 022 B000005 20-1177269 022 C000005 41 022 D000005 19 022 A000006 CITIGROUP GLOBAL MARKETS INC. 022 B000006 11-2418191 022 C000006 1 022 D000006 47 022 A000007 BANK OF MONTREAL NESBITT 022 B000007 13-4941092 022 C000007 0 022 D000007 45 022 A000008 SANFORD C. BERNSTEIN AND CO., INC. 022 B000008 13-2625874 022 C000008 0 022 D000008 41 022 A000009 CONVERGEX EXECUTION SOLUTIONS LLC 022 B000009 13-3989198 022 C000009 0 022 D000009 33 022 A000010 JEFFERIES & CO., INC. 022 B000010 95-2622900 022 C000010 6 022 D000010 24 023 C000000 2430 023 D000000 392 024 000000 N 026 A000000 N 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 N 028 A010000 0 028 A020000 0 028 A030000 0 028 A040000 0 PAGE 4 028 B010000 0 028 B020000 0 028 B030000 0 028 B040000 0 028 C010000 0 028 C020000 0 028 C030000 0 028 C040000 0 028 D010000 0 028 D020000 0 028 D030000 0 028 D040000 0 028 E010000 0 028 E020000 0 028 E030000 0 028 E040000 0 028 F010000 0 028 F020000 0 028 F030000 0 028 F040000 0 028 G010000 0 028 G020000 0 028 G030000 0 028 G040000 0 028 H000000 0 030 A000000 0 030 B000000 0.00 030 C000000 0.00 031 A000000 0 031 B000000 0 032 000000 0 033 000000 0 035 000000 0 036 B000000 0 038 000000 0 042 A000000 0 042 B000000 0 042 C000000 0 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 0 044 000000 0 045 000000 Y 046 000000 N 047 000000 Y 048 000000 1.200 048 A010000 0 048 A020000 0.000 PAGE 5 048 B010000 0 048 B020000 0.000 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 049 000000 N 050 000000 N 051 000000 N 052 000000 N 053 A000000 Y 053 B000000 Y 053 C000000 N 054 A000000 Y 054 B000000 Y 054 C000000 Y 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 N 054 H000000 Y 054 I000000 N 054 J000000 Y 054 K000000 N 054 L000000 Y 054 M000000 N 054 N000000 N 054 O000000 Y 055 A000000 N 055 B000000 N 056 000000 Y 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 N 060 B000000 N 061 000000 0 PAGE 6 062 A000000 N 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 0.0 062 M000000 0.0 062 N000000 0.0 062 O000000 0.0 062 P000000 0.0 062 Q000000 0.0 062 R000000 0.0 063 A000000 0 063 B000000 0.0 066 A000000 Y 066 B000000 N 066 C000000 N 066 D000000 N 066 E000000 Y 066 F000000 N 066 G000000 N 067 000000 N 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 N 070 B010000 Y 070 B020000 Y 070 C010000 Y 070 C020000 N 070 D010000 Y 070 D020000 N 070 E010000 Y 070 E020000 N 070 F010000 Y 070 F020000 N 070 G010000 Y 070 G020000 N 070 H010000 Y 070 H020000 N 070 I010000 N 070 I020000 N 070 J010000 Y 070 J020000 N PAGE 7 070 K010000 Y 070 K020000 Y 070 L010000 Y 070 L020000 Y 070 M010000 Y 070 M020000 Y 070 N010000 Y 070 N020000 N 070 O010000 Y 070 O020000 N 070 P010000 Y 070 P020000 Y 070 Q010000 N 070 Q020000 N 070 R010000 N 070 R020000 N 071 A000000 2294 071 B000000 0 071 C000000 498392 071 D000000 0 072 A000000 1 072 B000000 0 072 C000000 1738 072 D000000 0 072 E000000 0 072 F000000 609 072 G000000 0 072 H000000 0 072 I000000 0 072 J000000 19 072 K000000 0 072 L000000 0 072 M000000 3 072 N000000 2 072 O000000 0 072 P000000 0 072 Q000000 0 072 R000000 1 072 S000000 2 072 T000000 0 072 U000000 0 072 V000000 0 072 W000000 131 072 X000000 767 072 Y000000 2 072 Z000000 973 072AA000000 921 072BB000000 134 072CC010000 0 072CC020000 12201 072DD010000 3333 PAGE 8 072DD020000 0 072EE000000 0 073 A010000 0.0600 073 A020000 0.0000 073 B000000 0.0000 073 C000000 0.0000 074 A000000 0 074 B000000 0 074 C000000 0 074 D000000 0 074 E000000 0 074 F000000 0 074 G000000 0 074 H000000 0 074 I000000 0 074 J000000 0 074 K000000 0 074 L000000 0 074 M000000 0 074 N000000 0 074 O000000 0 074 P000000 0 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 0 074 S000000 0 074 T000000 0 074 U010000 0 074 U020000 0 074 V010000 0.00 074 V020000 0.00 074 W000000 0.0000 074 X000000 0 074 Y000000 0 075 A000000 0 075 B000000 521102 076 000000 0.00 077 A000000 Y 077 B000000 N 077 C000000 Y 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N PAGE 9 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 N 077 Q020000 N 077 Q030000 N 078 000000 N 080 A000000 FEDERAL INSURANCE COMPANY 080 B000000 NATIONAL UNION FIRE INSURANCE COMPANY 080 C000000 79890 081 A000000 Y 081 B000000 79 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 087 A010000 COMMON 087 A020000 09254B109 087 A030000 BCF 088 A000000 N 088 B000000 N 088 C000000 N 088 D000000 N SIGNATURE ERIKA A. HEARN TITLE MANAGER