Section 1031 Tax-Deferred Exchanges
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
State Requirements For South Carolina
South Carolina State Requirement Details for Real Estate Broker-In-Charge
Renewal Date: 6/30 every two years
Hours Required: 10 hours
- 4 hours - Mandatory hours
- 4 hours - Core hours
- 2 hours - Elective hours
Broker-in-Charge: Per South Carolina Section 40-57-340, a broker-in-charge shall provide proof of satisfactory completion biennially of ten hours of continuing education in courses approved by the commission. The ten hours must include a minimum of four hours of instruction in mandated topics for a broker or associate license and four hours of continuing education must be in advanced real estate topics designed for brokers-in-charge.
South Carolina Real Estate Commission
Street Address: Synergy Business Park, Kingstree Building 110 Centerview Dr, Ste 201, Columbia, SC 29210
Mailing Address: PO Box 11847, Columbia, SC 29211-1847
Telephone: 803.896.4400
Fax: 803.896.4427