April 1, 2019, COLLEGEVILLE, PENNSYLVANIA -1031 CORP., a full-service qualified intermediary with offices in Bend, Oregon and Collegeville, Pennsylvania, announced Danielle Brock, Pacific Northwest Regional Manager, is one of the few exchange professionals in Pacific Northwest to earn the designation of Certified Exchange Specialist® (CES®). The use of CES® is an earned accreditation to be leveraged after meeting the examination and work-experience criteria established by the CES® Certification Council of the Federation of Exchange Accommodators (FEA).
Danielle is the branch manager of the Bend, Oregon office. She joined the 1031 CORP. family in 2016 after working in real estate related industries since 2008. She worked for another regional qualified intermediary for eight years prior and held the CES® designation until she left the 1031 exchange industry during the Great Recession and had to reapply to sit for CES® examination and meeting the experience eligibility requirement again.
“Danielle’s knowledge of Section 1031 is second to none. She loves the exchange process and no transaction is too complicated for her. She has a true passion for helping her clients successfully complete their exchange. Her clients continuously tell me she thoroughly answered their questions and seamlessly walked them through each step of the exchange transaction,” stated Margo McDonnell, President of 1031 CORP. and a charter member of the CES® Certification Council that developed and implemented the CES® Program in 2003.
The FEA is the only national trade organization formed to represent the Qualified Intermediary (QI) industry and the interests of consumers who use these services. FEA also represents the legal/tax advisors and affiliated businesses that are directly involved in Section 1031 Exchanges. Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business, or for investment.
The Certified Exchange Specialist® (CES®) Program is a voluntary certification and continuing education program offered through the FEA designed specifically for 1031 tax-deferred exchange practitioners. Individuals are eligible to apply to sit for the examination after three years of full-time hands-on experience facilitating like-kind exchanges. The comprehensive examination covers an array of 1031 exchange related topics designed to challenge the candidate’s knowledge of exchange rules and their competency in performing the necessary daily activities of an exchange accommodator company. The 120-question examination also focuses on those ethical issues present when any third party controls the funds of another.
For more information on the CES® designation, please visit: www.1031CES.org.
About 1031 CORP.
Serving as a nationwide qualified intermediary for 1031 tax-deferred exchanges since 1991, 1031 CORP. strives to provide a superior exchange experience for its customers and their advisors. It provides its customers with the enhanced security of funds, knowledgeable exchange professionals and a commitment to keep the xchange process simple for their customers and advisors. For more information on 1031 CORP., please visit www.1031CORP.com.