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

Section 1031 Tax-Deferred Exchanges

$39

This product includes:

LICENSE RENEWAL PERIOD: 3 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 Oklahoma

Oklahoma State Requirement Details for Real Estate Continuing Education

Renewal Date: Every three years within the initial month of licensure.

Hours required: 30 hours

The CE Shop’s Offering: 15 hours

The CE Shop does not currently offer the 15-hour Broker in Charge course.

Provider Approval Number: 581394

Reporting: The state requires schools to report course completions within five days from the course completion date. Course completions will be reported within this time frame.

Expiration Date of Course: Course expiration dates vary by course but are generally 6 months after order date per Oklahoma rules. Each individual course will have an expiration date listed in your account. Courses must be completed before the expiration date in order to receive credit.

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.

Final Exams: Final exams must be passed with at least a 75% and may be taken as many times as necessary in order to pass.

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