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Real Estate/ Continuing Education/ West Virginia/ Section 1031 Tax-Deferred Exchanges
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Section 1031 Tax-Deferred Exchanges

$39
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 West Virginia

West Virginia State Requirement Details for Real Estate Broker Continuing Education

Renewal Date: 6/30 each year

Hours Required: 7 hours

  • 4 hours - elective hours
  • 3 hours - broker-specific CE

The CE Shop’s Offering: 7 hours

  • 4 hours - elective hours
  • 3 hours - broker-specific CE (brokers/associate brokers only)

*Effective 6/9/2023 Brokers and Associate Brokers must complete at least 3 hours of broker-specific education as part of their 7 hours of CE required for renewal. The CE Shop offers a 3hr broker-specific course which meets this requirement. 

The CE Shop is an approved provider in West Virginia.

Provider Approval Number: 50-21362

Reporting: The state requires course completions to be reported to the state. We will report your course to the state upon completion.

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.

Repeating Courses: Licensees cannot take the same course for two consecutive years.

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

West Virginia Real Estate Commission

Street Address: 2006 Quarrier Street, Charleston, WV 25305

Telephone: 304.558.3555

Fax: 304.558.6442

License Renewal Website

License Lookup Website

Contact WV Real Estate Commission