There are no special regulations for 1031 exchange facilitators. There are only two states that have license and bonding requirements. Therefore it’s very important to know what to look for in order to ensure the best possible exchange services for the transaction.
The key points to be kept in mind before choosing a facilitator are:
1. The facilitator must be knowledgeable, experienced and communicates clearly with you.
2. The facilitator must be a full time exchange facilitator as he needs to be up to date with the tax code changes and ruling.
3. The facilitator should maintain fidelity bond for the benefit of the exchangers.
4. The facilitator should provide the estimate for services in advance.
For consultation and assistance regarding 1031 exchange you can also Call: 888-993-2835 or email us at info@1031xchange.com