Product Overview
Internal Revenue Code Section 1031 like-kind exchange is one of the most useful tools for helping clients sell appreciated business, farm and investment real estate. In this course, students learn how one property can be sold and a replacement property purchased without incurring any federal income taxes on the sale. Federal tax rules are closely reviewed so students can recognize exchange situations and learn how to explain to clients the tax-saving benefits of the 1031 exchange. Also addressed are delayed exchanges and how the installment sale of relinquished property may qualify in a transaction to acquire replacement property.
Author Overview: REALTORS® Land Institute RLI
The REALTORS® Land Institute is an affiliate of the over 900,000 - member National Association of REALTORS®. It is the only branch of the REALTOR® family focused on land brokerage transactions of five specialized types: (1) farms and ranches; (2) undeveloped tracts of land; (3) transitional and development land; (4) subdivision and wholesaling of lots; (5) site selection and assemblage of land parcels.
Originally named the Farm & Land Institute, it was organized in 1944, and has been dedicated for over five decades to improving the professional competence of its members in land brokerage. In addition to brokerage of the five main types that are unique to the Institute, its individual members frequently engage in other land specialties such as agribusiness, appraisal, consulting and management.
The REALTORS® Land Institute's main objective is to bring together real estate professionals interested in the improvement of their professional competence in activities related to land; including land brokerage, agribusiness, land management, planning and developing, appraising, acquisition, and any other land specialty areas. This goal is carried out through various programs. As a leading land education source, the REALTORS® Land Institute offers the only land education program. RLI also offers the Accredited Land Consultant (ALC) designation. This designation is only awarded to those who meet strict requirements such as required Land University courses, experience in the field, involvement and service to the institute. RLI's National Marketing Sessions provide a national forum for members to represent client's interests, whether buying, selling, or exchanging. The Court of Marketing Excellence program was developed to recognize individuals within RLI that have the education, experience and accomplishments in Marketing Session participation and successful transaction marketing.
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Continuing Education Information:
Note: If you are purchasing this course in order to earn C.E. credits in your state, please review the table below.
Upon checkout you will be able to add C.E. credits option to your purchase.
| C.E. Sponsoring Organization/State |
Credits/Hours |
|
Idaho |
12 |
|
Iowa |
15 |
|
Washington |
16 | |
