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 Oklahoma
Oklahoma State Requirement Details for Real Estate Continuing Education
Renewal Date: Every three years within the initial month of licensure.
Effective 6/1/2025 Increase to CE hours requirement
Hours Required: 30 hours comprised of 17 elective hours and 13 core hours in six required subjects:
13 hours should be in the following topics, consisting of no less than:
- six (6) hours of Contracts and Forms,
- three (3) hours in Professional Conduct, and
- one (1) hour in Broker Relationships Act,
- one (1) hour in Fair Housing,
- one (1) hour in Code and Rules and;
- one (1) hour in Hot Topics/Current Issues.
Provisional Sales Associate Post-Licensing: Provisional Sales Associates have a separate and unique post-licensing requirement of 45 hours which must be completed prior to their first license expiration date. Provisional Sales Associates are not required to complete real estate Continuing Education for their first renewal cycle.
Oklahoma Real Estate Commission
Street Address: 1915 N Stiles Ave #200 Oklahoma City, OK 73105
Telephone: 405.521.3387