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 Missouri
Missouri State Requirement Details for Real Estate Continuing Education
Renewal Date: 6/30 every even-numbered year for Brokers; 9/30 every even-numbered year for Salespersons
Hours Required: 12 hours
- 3 hours – Mandatory hours (Fair Housing)
- 9 hours – Elective hours
Licensees in Missouri can fill the remainder of their hours with core or elective courses of their choice, after satisfying the ethics core requirement.
The current broker and salesperson renewal for the 2024-2026 and the 2026-2028 license period will require an approved CORE course on Fair Housing.
Seat Time: The Missouri Real Estate Commission requires 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.
Missouri Real Estate Commission
Street Address: 3605 Missouri Boulevard, P.O. Box 1339, Jefferson City, MO 65102-1339
Telephone: 573.751.2628
Fax: 573.751.2777