Do you really know the structure and background of the company with whom you are placing your 1031 exchange proceeds? In the tough economy, that all of us are facing, is your Qualified Intermediary (QI) looking out for your best interests?
1031 Corporation has been active in the QI business for 19 years. We are a member of the Federation of Exchange Accommodators (FEA). FEA is the only national trade association that represents like kind exchange professionals. Established in 1989, the FEA was organized to promote the discussion of ideas and innovations in the industry, to establish and promote ethical standards of conduct, to offer education to its members, and to work toward the development of uniformity of practice and terminology within the exchange profession. Professionals that are members of this association enjoy membership benefits that include:
· Legislative and regulatory updates regarding the 1031 industry
· Educational conferences
· Enhanced professional credibility
· Only FEA Members are eligible to earn the distinguished Certified Exchange Specialist® designation
· Access to fidelity bonding and errors and omissions (E&O) insurance
As exchange professionals, 1031 Corporation offers the advantage of being a FEA member to our clients. Currently there are only 208 Company and Individual members in the FEA association. Is your Qualified Intermediary one of them?
Monday, July 13, 2009
Is your Qualified Intermediary an FEA member?
Posted by Rosemary Albrecht, CES® at 8:37 AM
Labels: 1031 exchange, qualified intermediary
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1 comment:
that should be considered, its really important to know if the company is trustworthy..
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commercial real estate
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