Real Estate/ Continuing Education/ District of Columbia/ Section 1031 Tax-Deferred Exchanges

Section 1031 Tax-Deferred Exchanges

$45

This product includes:

LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 3 Mandatory Hours: 0 Total Hours: 3

Description

State Requirements

Chances are good that, if it hasn't happened yet, you will one day work on a transaction involves a property that’s part of a tax-deferred exchange. When this happens, will you be ready to guide your client through the process and ensure they meet the critical deadlines?

With an appropriately formed exchange, an investor can defer paying taxes on the profit from one investment and instead use all of the profits to fund another investment.

This course helps licensees become more comfortable with guiding clients through a 1031 tax-deferred exchange transaction and ensuring critical deadlines are understood and met.

Course highlights include:

Section 1031 tax-deferred exchange definitions
Starker’s Exchange background and application
U.S. Internal Revenue Code requirements
IRS Safe Harbor Guidelines
Investor taxes advantages
Setting up an exchange
Selecting a Qualified Intermediary
Licensee role in a Section 1031 tax-deferred exchange
The non-exchanger's role in a Section 1031 transaction
Reverse exchanges
Rare exemptions to exchange deadlines

Package Content:

State Requirements For District of Columbia

District of Columbia State Requirement Details for Real Estate Continuing Education

Renewal Date: 2/28 every odd-numbered year

Hours Required: 15 hours
Property Manager:
9 hours – Mandatory (DC Fair Housing; DC Ethics; DC Legislative Update)
6 hours – Property Management

The CE Shop’s Offering: 15 hours

The CE Shop is an approved provider in the District of Columbia.

Provider Approval Number: 603799

Reporting: Effective 04/01/2021, OPLA ceased operations for their course reporting system for all schools. LICENSE RENEWALS MUST STILL BE COMPLETED ONLINE on time. Completion of required continuing education hours will be attested to in the license renewal process. Course completion reporting will resume at a later date. OPLA may audit continuing education compliance for licensees at any time. Please complete your CE as usual and renew online by 2/28/2025.

Expiration Date of Course: The District of Columbia provides that a course must be completed within 3 months from the date of purchase.

Final Exams: Final exams must be passed with at least a 70% and may be taken as many times as necessary in order to pass.

Certificates: Immediately upon real estate course completion, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your renewal application to determine if you need to submit your certificate(s) of completion with your renewal. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Duplicate Courses: Please note that a licensee (active or reinstatement) will NOT be given credit on transcripts for taking the same course(s) within the same cycle.

CE Exemptions: Newly licensed brokers, salespersons and property managers are exempt from taking CE courses for the remainder of a licensing cycle during which their license is obtained, but are required to renew the license when that first cycle ends. CE credits taken by (new) licensees do not roll over and cannot be carried forward into the next cycle.

License Renewal Process: The process to renew in this state is to log in to the licensing system online and follow the prompts to renew.

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