Real Estate/ Continuing Education/ Massachusetts/ 1031 Tax-Deferred Exchanges (2hr)

1031 Tax-Deferred Exchanges

$29

This product includes:

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

Description

State Requirements

At some point in your career, a transaction may involve 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? By using 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. An understanding of the basics will help licensees when working with investors who plan to use one or more properties in a 1031 tax-deferred exchange.

This two-hour 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

Package Content:

State Requirements For Massachusetts

Massachusetts State Requirement Details for Real Estate Continuing Education

Renewal Date: Every two years

Hours Required: 12 module hours

Seat Time: The Massachusetts Real Estate Commission requires that all students spend a minimum amount of seat time engaged in the course content. Our online course delivery system manages this requirement for you.

The CE Shop’s Offering: 12 module hours

The CE Shop is an approved provider in Massachusetts.

Provider Approval Number: 1274

Reporting: The state does not require schools to report course completions.

Expiration Date of Course: Course expiration dates vary by course but are generally one year after order date. Each individual course will have an expiration date listed in your account.

Final Exams: Passing a final exam is not required to receive continuing education credit in Massachusetts, therefore our system is set up so that final exams do not have a minimum passing score.

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.

License Renewal Process: The process to renew in this state is to submit your paper work via the online portal or regular mail.

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