In 1988, she opened Iowa Escrow, the first real estate closing agency in the State of Iowa. She is currently the President and Corporate Counsel of Iowa Exchange, the first agency in the State of Iowa established to act as a qualified intermediary in the tax-deferred exchange of real property. Iowa Exchange has acted as intermediary for the exchange of business and investment real estate throughout the United States since 1991. No gain or loss is recognized if property held for productive use in a trade or business or for investment is exchanged soley for property of a like kind to be held either for productive use in a trade or business or for investment. It cannot act as the tax or legal adviser for an exchanging taxpayer.
Any person considering a tax-deferred exchange is advised to seek independent tax and legal counsel.