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 North Dakota
North Dakota State Requirement Details for Real Estate Broker Continuing Education
Renewal Date: Licenses expire on December 31st of each year. CE must be completed by November 15th of each year.
Current CE Cycle - November 16, 2024 through November 15, 2025
Hours Required by the State: 12 hours
- 6 hours on 2024-2025 mandatory topics
- 3 hours on diversity, equity, and inclusion
- 3 hours on vacant property and other real estate scams and frauds
- 6 hours on elective topics
Note: There is no grace period to complete required CE. If required CE is not completed by November 15, 2025, Licensees must renew as inactive for 2026 to avoid potential disciplinary action. If the licensee renews as inactive due to late completion of CE, the licensee can transfer the license to active effective January 1, 2026, or later, provided CE is completed.
Brokers newly licensed after Nov. 15, 2024 – If new brokers passed the broker license exam this CE cycle, they are exempt from CE requirement for this CE cycle.
North Dakota Real Estate Commission
Street Address: 1120 College Drive, Suite 204, Bismarck, North Dakota 58501
Mailing Address: 1120 College Drive, Suite 204, Bismarck, North Dakota 58501
Telephone: (701) 328-9749
Email: ndrec@nd.gov