Real Estate/ Continuing Education/ New Jersey Real Estate CE/ Section 1031 Tax-Deferred Exchanges

Section 1031 Tax-Deferred Exchanges

$39

This product includes:

LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 0 Core Topics: 3 Total Hours: 3

Description

State Requirements

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

Package Content:

State Requirements For New Jersey

New Jersey State Requirement Details for Real Estate Broker, Broker-salesperson, and Salesperson License Reinstatement Continuing Education

Hours Required: 12 hours

6 hours in core topics
- 1 hour in Fair Housing & New Jersey Law Against Discrimination
- 2 hours in Ethics
- 1 hour in Agency
- the remaining hours in any core topic
  - Agency
  - Disclosure
  - Legal issues
  - Ethics
  - Fair Housing
  - Rules and regulations
  - Real estate licensee safety
  - Financial literacy and planning
6 hours of elective courses - A mix, or all of the same, of any of the following four CE types: ELECTIVES or ETHICS or CORE or FAIR HOUSING

Note: To reinstate a broker, broker-salesperson or salesperson license that expired or became inactive during the current license term, applicants must complete the CE credits applicable in the preceding license term before submitting an application. The CE required to reinstate could have been completed during the preceding license term or during the current license term. If completed during the current license term, applicants must designate to the CE provider that the CE credit should be applied to the preceding license term.

The CE Shop’s Offering: 12 hours

6 hours in core topics
- 1 hour in Fair Housing & New Jersey Law Against Discrimination
  - Fair Housing in New Jersey
- 2 hours in Ethics
  - Ethics at Work
  - Using the Code to Solve Ethical Dilemmas
  - Wholesaling in Today's Market
- 1 hour in Agency
  - NJ Agency: Licensee Relationships and Duties
  - New Rules, New Roles: NJ Licensee Business Relationships
  - AAA: All About Agency
- the remaining hours in any core topic
  - Assistance Animals and Fair Housing
  - Diversity: Your Kaleidoscope of Clients
  - Keeping it Honest: Understanding Real Estate & Mortgage Fraud
  - Lead Awareness and Compliance
  - Marketing, Advertising, and Social Media Compliance
  - Personal Safety
  - Section 1031 Tax-Deferred Exchanges
  - Sex and Real Estate: Sexual Harassment, Sexual Discrimination and Fair Housing
6 hours of elective courses - A mix, or all of the same, of any of the following four CE types: ELECTIVES or ETHICS or CORE or FAIR HOUSING

Reporting: The state requires course completions to be reported to PSI. We will report your course to PSI upon completion.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

License Reinstatement Process: The process to reinstate a license in this state can be found here.

Still have questions? Visit our Frequently Asked Questions or Contact Us.

New Jersey Real Estate Commission

Street Address: 20 West State Street, Trenton, New Jersey 08608

Mailing Address: PO Box 328, Trenton, New Jersey 08625-0328

Telephone: (609) 292-7272

Email: realestate@dobi.nj.gov

New Jersey Real Estate Commission

NJREC License Reinstatement

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