1. Identify real estate transactions eligible for Section 1031 consideration
2. Understand the six basic components of a Section 1031 Exchange
3. Requirements for a Qualified Intermediary (QI)
4. Three common exchange problems and how to avoid them
5. Structure a Section 1031 Tax Deferred Exchange
6. Components of advanced exchange techniques-reverse, construction and improvement exchanges
7. Section 1031 Tax Deferred Exchanges as a means of increasing commission dollars
8. Recognize that Section 1031 Tax Deferred Exchanges need to be a part of a client’s tax planning strategies
9. Market strategies for 1031 Exchanges

Advanced 1031 Tax Deferred Exchanges

1. Transactions which are eligible for Section 1031 Reverse & Construction Exchanges
2. Common exchange issues related to corporations, partnerships, trusts, tenancies, divorces and REIT’s
3. When and how to use a Reverse Exchange to meet the client’s needs/plans
4. Components involved in a Reverse Exchange transaction
5. When to use a construction/improvement exchange
6. Differences between real estate and personal property exchanges
7. Exchange issues associated with mixed (real and personal) properties (i.e., businesses, motels and hotels)
8. Exchange issues associated with quasi-investment properties (i.e., vacation homes, second homes, and rental/residential)
9. Four types of non-tangible (like-kind) real estate interests which can qualify for Section 1031 Exchanges
10. Exchange transactions involving owner-carry financing, land and installment contracts, and related parties
11. Impact of FIRPTA regulations on foreign investors involved with exchange transactions
12. Using the rules of Sections 121 and 1031 to convert rental property into a principle residence tax free
13. Use Section 1031 as a means of increasing commission dollars
14. Recognize that Section 1031 Tax Deferred Exchanges need to be a part of a client’s tax planning and estate planning strategies

Ownership & Common Exchange Problems Associated with 1031 Tax Deferred Exchanges

1. Identify real estate transactions which are eligible for Section 1031 consideration
2. Understand the six basics components of a 1031
3. Three common exchange problems/issues related to corporations, partnerships, trusts, tenancies and divorces
4. Three common exchange problems with owner carry notes and refinancing issues and how to avoid them
5. Design a 1031 tax deferred exchange transaction to meet a client’s investment objectives

Reverse and Construction Exchanges

1. Identify real estate transactions which are eligible for Section 1031 consideration
2. Understand the six basic components of a 1031 Exchange
3. When and how to use a Reverse Exchange to meet the client’s needs/plans
4. The basic requirements of Revenue Procedure #2000-37
5. The basic components involved in Safe Harbor and Non-Safe Harbor Reverse exchange transactions
6. The essential differences between the two types of Reverse Exchanges
7. When and how to use a construction/improvement exchange
8. The basic components of construction/improvement exchanges
9. Use Section 1031 as a means of increasing commission dollars
10. Recognize that Section 1031 Tax Deferred Exchanges need to be a part of a client’s tax planning and estate planning strategies

Six Basic Requirements for 1031 Tax Deferred Exchanges

1. Identify real estate transactions which are eligible for Section 1031 consideration
2. List and understand the six basics components for a 1031
3. Identify the requirements for a QI
4. List and describe the specific functions and role of a QI
5. Recognize that 1031 Tax Deferred Exchanges need to be a part of a client’s tax planning strategies