We have been providing professional 1031 exchange services since 1990. We have learned a few things about what to do, what not to do, what pitfalls to avoid, and most important how to follow the IRS safe harbor 1031 rules for a successful exchange.
Why use Realty Exchange Corporation
We have helped thousands of clients with just about every type of 1031 exchange. Straight forward exchanges, simultaneous exchanges, reverse exchanges, improvement exchanges, equipment, oil and gas – you name it – we have probably helped a client do an exchange. If we don’t know how – we know who does. We have completed thousands of exchanges of all values. Our managing officer is a Certified Exchange Specialist® and we are members of the national Federation of Exchange Accommodators.
For over a decade Ed Horan, our founder, has taught exchanging and real estate investments. His instruction on reporting the exchange is used nationwide. Bill Horan, CES® our managing officer is also a well know 1031 seminar leader.
Serving as a Qualified Intermediary is our only business. You talk directly to Bill Horan, CES®, for a free consultation on your proposed exchange.
A Fair Price:
Our fees are kept competitive with the industry and the banks pay interest on your funds held in escrow.
Security of Funds:
We use our escrow security system called AlwaysSafe™ .
Realty Exchange Corporation (REC) is a Virginia corporation whose only business is to serve as a qualified intermediary for IRC Section 1031 like-kind tax-deferred exchanges of real estate throughout the United States. Our founder, Ed Horan, established REC in 1990 to fill the need for a dedicated organization that could provide knowledgeable and responsive qualified intermediary services to investors and real estate professionals. By strict adherence to the Internal Revenue Service safe harbor regulations on tax-deferred exchanges, we insure that your exchange documentation and procedures are in compliance with current IRS regulations and guidance.
We are in strict compliance with the Virginia law, Title 55, Chapter 27.1, the Exchange Facilitators Act. This exchanger consumer protection law, which we and Federation of Exchange Accommodators (FEA) championed, provides that all exchange funds will be in a deposit account, which is a separately identified account that requires both exchanger and REC approval of all disbursements. The law also requires us to have errors and omissions insurance.
We have completed thousands of successful exchange transactions and are currently the largest exclusive qualified intermediary organization in the Mid-Atlantic States.
In addition to providing qualified intermediary services, we conduct continuing education courses, publish a quarterly “Real Estate Exchange News” newsletter, make presentations to real estate organizations, investor groups, financial planners, and CPA’s, and maintain an instructional web site, www.1031.us, to promote the understanding of like-kind exchanges. We publish breaking exchange news and rulings at www.1031.us/blog
All of our managing officers hold the prestigious Federation of Exchange Accommodators designation of “Certified Exchange Specialist”, CES® and continue to participate in national and regional training sessions with the Federation of Exchange Accommodators.
Bill Horan, President, CES®
Bill is the 2014 President and board member of the Federation of Exchange Accommodators (FEA, www.1031.org) and continues to participate in national and regional training sessions. Bill is a business graduate of George Mason University. He is approved as a continuing education instructor in North Carolina, Virginia, Maryland and Delaware, and also provides client consultations. In addition to being our managing officer, he specializes in the handling of reverse exchanges, coordinating the entire process with the required third-party exchange accommodation titleholder (EAT). Bill is responsible for the development of our proprietary exchange database, the development of our web site, and the management of our marketing, information technology, and accounting functions.
Ed Horan, Founder and President Emeritus
Ed Horan, Founder, currently serves as senior exchange consultant. He is a graduate of Syracuse University and George Washington University with a Master of Science degree in Business Administration. Prior to 1981 Ed served as a comptroller with the United States Air Force. He has been a frequent writer and lecturer on residential real estate investments, exchanges, and the impact of taxes on real estate transactions and real estate professionals. He is author of the book, “How To Do a Like Kind Exchange of Real Estate” and he is the 1990 winner of the national Real Estate Educators Association award for the “Best Single Education Program.”
E-mail: Contact Us
7400 Heritage Village Plaza, Suite 102
Gainesville, VA 20155