YOUR
CLIENT NEEDS A
good—and trustworthy— accommodator
for a successful 1031 exchange. The best source
is The Federation of Exchange Accommodators, (FEA).
You can also ask for referrals from attorneys
and real estate agents with knowledge of 1031
exchanges. Once you have some names, use answers
to the following questions to make a final pick.
Is the accommodator a member in good standing
with the FEA and bonded by an independent insurance
company?
What is the accommodator's background and experience?
The person should be a certified public accountant
or an attorney with real estate and 1031 experience.
Who will pay any resulting penalties should the
accommodator make a mistake?
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