1031 exchange guidelinesAn Exchange Agreement with a Qualified Intermediary is necessary under section 1031 of the internal revenue code (IRC). Services of such intermediaries are available through many service providers. One such service provider is 1031 Exchange Corporation. It is located in Austin, Texas. Incorporated in 1993, it is one of the pioneers in the field of providing qualified intermediary services. It facilitates 1031 property exchanges in all the fifty states of the US.

It has a team of experienced and resourceful Qualified Intermediaries. They have provided high quality services to thousands of 1031 exchange clients spread all over the US. The clients have been satisfied with the intermediary services provided by them. An important facet of the company is that it is bonded and insured and is covered by errors and omissions insurance.

This provides adequate protection to the exchange clients and also to the funds they place in the hands of the company's intermediaries. The company even has a Certified Exchange Specialist (CES) on its staff.

The CES designation is awarded to certain exchange professionals by the Federation of Exchange Accommodators (FEA). The FEA conducts a Certification and Continuing Education Program. Such CES professionals meet a minimum acceptable level of work experience in the field of 1031 exchanges. They must have also passed an exam in 1031 exchange corporation laws and procedures.

Michael Goh