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 Connecticut
Connecticut State Requirement Details for Real Estate Broker and Salesperson Continuing Education
Renewal Date:
Salesperson licenses expire on May 31st of even-numbered years. All CE hours must be completed between March 1st of an even-numbered year and February 28th of the even-numbered year two years later.
Broker licenses expire on November 30th of even-numbered years. All CE hours must be completed between April 1st of an even-numbered year and August 30th of the even-numbered year two years later.
The CE completion deadline is 3 months before the renewal deadline. Courses taken late may not be applied to the current cycle. No course may be counted more than once toward CE.
Salesperson and Broker Hours Required: 12 hours
- 3-hour mandatory course approved by the Commission concerning current real estate and fair housing legislation, licensing laws and regulations
- 9 hours of elective courses
Note: No Continuing Education is due at the end of the first CE cycle after being licensed for those taking a CT licensing exam; however, those receiving a reciprocal license must complete CE for the first CE cycle.
Connecticut Department of Consumer Protection, License Services Division
Street Address: 450 Columbus Ave, Suite 801, Hartford, Connecticut 06103
Mailing Address: 450 Columbus Ave, Suite 801, Hartford, Connecticut 06103
Telephone: (860) 713-6000
Email: dcp.licenseservices@ct.gov
Department of Consumer Protection
Real Estate Broker and Salesperson Renewal