Real Estate/ Continuing Education/ Montana/ Section 1031 Tax-Deferred Exchanges

Section 1031 Tax-Deferred Exchanges

$49

This product includes:

LICENSE RENEWAL PERIOD: 1 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 Montana

Montana State Requirement Details for Real Estate Continuing Education

Renewal Date: 10/31 every year

Hours Required: 12 hours

4 hours – Supervising Broker Continuing Education hours
8 hours – Elective hours

The CE Shop’s Offering: 8 hours

0 hours – Supervising Broker Continuing Education hours
8 hours – Elective hours

A Supervising Broker Endorsement is required to supervise salespeople in Montana. In order to obtain the Supervising Broker Endorsement, you must be licensed in Montana as a broker and complete the 8-hour Supervising Broker Pre-Endorsement Course sponsored by the Board of Realty Regulation. The CE Shop does not currently offer this course.

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

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Certificates: Immediately upon course completions, 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 application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Final Exam: Final exams must be passed with a minimum of 75% and may be taken as many times as necessary in order to pass.

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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