Realtors Land Institute Online Courses
Land 101 Fundamentals of Land Brokerage
In this introduction to the specialty, students learn the basics of land brokerage, such as: the various types of land; the land brokerage process; the importance of the 1031 tax-deferred exchange and how to use it; how to determine market value; what property rights and restrictions are involved; subdivisions and assemblage. The environmental and regulatory issues that land brokers must know and be ready to deal with are also stressed. *This course is required to attain the ALC designation.
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Tax Deferred 1031 Exchanges
Internal Revenue Code Section 1031 like-kind exchange is one of the most useful tools for helping clients sell appreciated business, farm and investment real estate. In this course, students learn how one property can be sold and a replacement property purchased without incurring any federal income taxes on the sale. Federal tax rules are closely reviewed so students can recognize exchange situations and learn how to explain to clients the tax-saving benefits of the 1031 exchange. Also addressed are delayed exchanges and how the installment sale of relinquished property may qualify in a transaction to acquire replacement property.
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