Course Difficulty:
Advanced
After completing this course, you will have a thorough understanding of what constitutes a §1031 exchange, the rules and regulations that must be followed to qualify a transaction for §1031 treatment, the variations on simultaneous exchanges that are available, the different types of property that are deemed "like kind" for the purposes of §1031 qualification, some pitfalls to be aware of in suggesting this type of transaction, and how §1031 can give you an opportunity to add clients and commissions to your real estate practice. You should already have some degree of familiarity with income taxation, at least as it relates to real estate, before starting this course. Tax expertise is not a prerequisite, but if you have no knowledge in this area at all, you may find the course more challenging.
The course contains a practice quiz and exam for each unit, and is completed with a multiple choice exam.
Approved States: OR