California Real Estate Continuing Education Tax Favorable Real Estate Transactions

Tax Favorable Real Estate Transactions

19.00 19.00
$19.00
PRICE PER USER
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  • Course Delivery: On Demand
  • Credit Hours: 5
  • Credit Type: Consumer Protection

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Description

General Information Page

Tax Favorable Real Estate Transactions

This course is sponsored by 360training.com, Inc.
(CalBRE Sponsor ID#4350)
6801 N Capital of Texas Hwy, Suite 150, Austin, TX 78731
(888) 360-8764

When a student selects a course from the online course catalog, the following information is presented to them in a pop-up window.

This course is approved for continuing education credit by the California Bureau of Real Estate. However, this approval does not constitute an endorsement of the views or opinions which are expressed by the course sponsor, instructor, authors, or lecturers.

Text Book Information:

Title: Tax Favorable Real Estate Transactions
Author: 360training.com, Inc.
Copyright Date: 09/12/2014
Pages: 80
Edition: 3.0

Course Description: The objective of this module is to teach real estate professionals how they can help their clients with the process of buying and selling property on a tax-favorable basis.

The first two lessons describe a method of real estate purchase using pre-tax dollars and of growing the estate within a qualified product. We will discuss the current tax advantages of using both qualified and non-qualified tax products such as IRAs, SEP IRAs, 401(k)s, Roth IRAs and charitable gift annuities. The use of these applications provides the real estate professional with an opportunity to create a long-standing and profitable relationship with his or her clients, as well as attracting a more sophisticated investor wishing to find an alternative to 1031 exchanges.

Lessons three and four of this module will explain the many important aspects of Internal Revenue Code Section 1031. The course will focus on the benefits of the 1031 exchange for the investor, the licensee and the other parties involved in the transaction. The student will learn which properties qualify under Section 1031 and how to use the various types of 1031 exchanges to enhance the client's position in the investment real estate market.

The concluding lesson in this module presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should try to develop a broad picture of tax-favorable real estate transactions and how they fit into the larger practice of real estate. The last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.

Cost: $19

Hours of Continuing Education Credit: 5 hours

Method of Presentation: This course is delivered entirely through the internet, including the final exam. No printed materials are provided.

Course Offering Category: Consumer Protection

Course Completion Time Limits: You have 12 months from date of purchase to complete this course.

Refund Policy:
All tuition and fees paid for the course are due and refundable when: (a) the course of instruction is discontinued by the school, preventing a student from completing the course; OR (b) the enrollment of student was procured because of any misrepresentation in advertising, promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination.

Validation Requirements:
Our authentication system incorporates a mechanism for preventing fraud by ensuring that the student registered for the course is engaged in the course material. During course enrollment, students create a personal registration profile by entering personal information on a secure page so that the provider may process certification. The required information may include driver's license number, address, and form of payment. During registration, the system also prompts the user for additional personal validation information used during the course: "How many doors does your vehicle have?" / "How did you renew your driver's license last?" / etc.

Randomly, the user is prompted with a personal validation question at several points during the course; these questions are based on the answers provided by the student during registration. Additionally, the questions are timed and must be answered correctly for the trainee to proceed with the course. If the question supplied is incorrect, the course is suspended and the trainee is prompted to call the provider to explain why they failed validation. Their information is verified by a trainer who can then remotely unlock the course to allow the student to proceed with the coursework. If this personal information is not verified, the provider will suspend the student from any further access, refund any tuition payments collected and take the appropriate administrative enforcement actions. This validation sequence is enforced randomly on multiple occasions upon entering, taking and exiting the course.

Testing Requirements:
At the end of each lesson there will be a short quiz of 10 multiple choice questions. You must pass this quiz with a 70% or better to move forward with the course. The quiz will be automatically graded as you complete it. Failure to pass the quiz with 70% will result in repeating the lesson.

Final Examination Rules:
For the final exam, the student will have 20 minutes to complete the closed-book exam. The final exam consists of twenty (20) multiple choice questions. The student will need to score 70% or better to pass the exam. The student will be given 1 minutes per question to answer the questions during the final exam. The student will not be able to print or download the exam. After the 20 minutes, have passed the student will automatically be logged out of the final.

Please note that the student will have (2) chances to take the final exam.

CalBRE Regulation 3007.3(c) will only allow students to take exams for a maximum of 15 approved credit hours in any 24-hours period.

Online Evaluation Statement:
A course and instructor evaluation is available on the California Bureau of Real Estate (CalBRE) website at www.calbre.ca.gov. Access this form by typing in "RE 318A" in the search box located in the upper right corner of the home page.

Course Provider Complaint Statement:
A course provider complaint form is available on the California Bureau of Real Estate (CalBRE) website at www.calbre.ca.gov. Access this form by typing in "RE 340" in the search box located in the upper right corner of the home page. An informational form regarding course provider complaints, "RE 340A" is also available.

 

Course Objectives

Upon completion of this course, you should be able to:

- Identify motivated buying and selling clients.
- Outline the attributes of qualified and non-qualified products and how they can benefit the sales process.
- Describe the restrictive rulings of the 1031 exchange program.
- Explain how money can be accumulated using pre-tax dollars, accumulating interest on a tax-deferred basis and creating litigation protection.
- State charitable strategies for creating income and tax relief for individuals or families owning highly-appreciated real estate.
- Describe charitable gift annuities and the annuity payments, income benefits, and tax advantages associated with them.
- State the parameters that the IRS uses to define a valid "like-kind" exchange.
- Explain the advantages and disadvantages of various exchanging alternatives.
- Outline the mechanics of a successful tax-deferred exchange and the role of each party in those exchanges.
- Identify common exchange documentation and describe the role of a qualified intermediary.
- Define "boot" and explain how to deal with it.
- Calculate whether a sale is preferable to an exchange.

 

Regulatory Information

Tax - Favorable Real Estate Transactions - California Bureau of Real Estate (CalBRE)

  • Name:
  • California Bureau of Real Estate (CalBRE)
  • Phone:
  • 877-373-4542
  • Fax:
  • Website URL:
  • http://www.calbre.ca.gov/
  • Email Address:
  • Address:
  • 1651 Exposition Blvd
  • City:
  • Sacramento
  • State:
  • CA
  • Zip:
  • 95815
 

Subject Matter Expert

All course material updated and maintained by 360training.com

 

End of Course Instructions

A certificate of completion will be available upon completing the course and after passing the final exam. To print your Certificate of Completion please go to the "My Courses" section of your profile, and from the "Show" drop-down list select "Completed Courses". Once selected, please click on the "Print Certificate" icon in blue to print your Certificate of Completion.

Please feel free to contact our customer support at (877) 881-2235 if you need further assistance.

 

Quiz Information

At the end of each lesson there will be a short quiz of 10 multiple choice questions. You must pass this quiz with a 70% or better to move forward with the course. The quiz will be automatically graded as you complete it. Failure to pass the quiz with 70% will result in repeating the lesson.

 

Exams

For the final exam, the student will have 20 minutes (1 minute for each multiple-choice question) to complete the fifteen (20) multiple choice, closed-book final and will need to score 70% or better to pass. The student will not be able to print or download the exam. After the 20 minutes, have passed the student will automatically be logged out of the final.

 

Got questions? Contact us below or call 877-881-2235

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