Real Estate/ Continuing Education/ New York/ Section 1031 Tax-Deferred Exchanges

Section 1031 Tax-Deferred Exchanges

$39

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 New York

New York State Requirement Details for Real Estate Continuing Education - First Time Sales License Renewal

Renewal Date: Every two years by the exact day of your license anniversary date

Hours Required: 22.5 hours

2 hours implicit bias
2 hours cultural competency
3 hours fair housing
2.5 hours ethical business practices
1 hour legal matters
2 agency hours
10 elective hours

The CE Shop is an approved school in New York.

The CE Shop’s Offering: 22.5 hours

2 hours implicit bias
2 hours cultural competency
3 hours fair housing
2.5 hours ethical business practices
1 hour legal matters
2 agency hours for initial license renewal
10 elective hours

Reporting: New York is an audit state that does not require course completions to be reported by education providers. Licensees must keep copies of their course completions in the event they are audited. Licensees can download a copy of course certificates from our website at any time.

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.

Final Exam: Final exams must be passed with at least a 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.

Seat Time: It is required 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.

Still have questions? Visit our Frequently Asked Questions or Contact Us.