Exeter Exchange Management Corporation, an affiliate of Exeter 1031 Exchange Services, LLC, and in conjunction with The Exeter Learning Institute launched The Exeter Group, a live internet based real estate talk radio show.
The radio talk show will focus exclusively on local, regional and national real estate related topics designed to assist real estate investors in keeping abreast of industry and market forces. The program content will include real estate transactional and structural discussions, legislative and regulatory issues, current industry trends and developments, as well as economic forecasts.
The program will include an impressive lineup of guest experts that will provide relevant and timely real estate advice, discussion and information. Our goal is to develop and deliver a professional, educational and informative internet radio talk show experience with dynamic and robust real estate program content for the listening audience.
The radio talk show will be branded under The Exeter Group™ brand name and is part of The Exeter Learning Institute's continuing efforts to educate and inform real estate investors so they can make educated and informed investment decisions.
You can view posts, announcements and access information regarding The Exeter Group Radio Show, including its weekly guest experts, on the Exeter Discussion Board under Exeter Group Radio.
Saturday, October 06, 2007
Exeter Discussion Board Launched by Exeter Learning Institute
Exeter 1031 Exchange Services, LLC launched its Exeter Discussion Board. The Exeter Discussion Board provides a venue for real estate investors to ask questions or discuss issues on real estate related topics such as: 1031 exchanges, financing, asset management, property management, escrow and closings, TIC Investments, Exeter Group Radio, real estate legal and tax issues.
"The Exeter Discussion Board will include an impressive lineup of guest experts that will provide relevant and timely answers and advice for those who post questions. Our goal is to develop and deliver a professional, educational and informative forum with dynamic and robust discussions on real estate related issues, including discussions on requirements, structures, processes, strategies, and compliance issues necessary to successfully complete real estate transactons.
The Exeter Discussion Board is part of The Exeter Learning Institute's continuing efforts to educate and inform real estate investors so they can make educated and informed investment decisions.
"The Exeter Discussion Board will include an impressive lineup of guest experts that will provide relevant and timely answers and advice for those who post questions. Our goal is to develop and deliver a professional, educational and informative forum with dynamic and robust discussions on real estate related issues, including discussions on requirements, structures, processes, strategies, and compliance issues necessary to successfully complete real estate transactons.
The Exeter Discussion Board is part of The Exeter Learning Institute's continuing efforts to educate and inform real estate investors so they can make educated and informed investment decisions.
The Exeter Exchange Newsletter Launched
I am very excited to announce that we have launched The Exeter Exchange™ Newsletter. This is the newest educational content piece to be written, produced and published by The Exeter Learning Institute as part of its efforts to educate real estate investors so that they can make better informed real estate investment decisions.
Our goal is to develop and deliver a professional, educational and informative newsletter with dynamic and robust articles on 1031 Exchange and real estate related issues, especially discussions on requirements, structures, processes, strategies, and compliance issues necessary to successfully complete 1031 Exchange transactons.
Read, view and download prior editions of The Exeter Exchange™ Newsletter in PDF format.
Our goal is to develop and deliver a professional, educational and informative newsletter with dynamic and robust articles on 1031 Exchange and real estate related issues, especially discussions on requirements, structures, processes, strategies, and compliance issues necessary to successfully complete 1031 Exchange transactons.
Read, view and download prior editions of The Exeter Exchange™ Newsletter in PDF format.
Wednesday, June 20, 2007
Update Regarding Recent Problems in the 1031 Exchange Industry
First, I want to reiterate my prior comments in my last post because I think it is extremely important for investors to keep the recent 1031 exchange Qualified Intermediary losses in perspective in terms of the entire industry.
The losses are horrific and terrible, but it is important to note that the two current problems in the 1031 exchange industry are directly related to two "outsiders" that specifically bought their way into the 1031 exchange industry by acquiring a number of 1031 exchange Qualified Intermediaries specifically to "borrow" or "use" the 1031 exchange fiduciary funds for their own financial gain.
Discussion seems to be centering around whether these losses and risks with in the 1031 exchange industry in general are related to the size of the Qualified Intermediary.
This is not a big vs. small Qualified Intermediary issue. It is about the prudent management and investment of client fiduciary funds. Internal controls are critical and should be mandatory. The administration of client 1031 exchange accounts (1031 exchange administration) should be completely separate from fiduciary accounting and funds management (1031 exchange operations) with different managers responsible for both in order to create sufficient checks and balances.
And, finally, investors need to ask the right questions. Quiz prospective Qualified Intermediaries regarding their insurance and bonding coverage, ask for proof AND CALL to verify the coverage - never assume. Ask detailed questions about the Qualified Intermediary’s internal controls, funds management, and separate of responsibilities.
The losses are horrific and terrible, but it is important to note that the two current problems in the 1031 exchange industry are directly related to two "outsiders" that specifically bought their way into the 1031 exchange industry by acquiring a number of 1031 exchange Qualified Intermediaries specifically to "borrow" or "use" the 1031 exchange fiduciary funds for their own financial gain.
Discussion seems to be centering around whether these losses and risks with in the 1031 exchange industry in general are related to the size of the Qualified Intermediary.
This is not a big vs. small Qualified Intermediary issue. It is about the prudent management and investment of client fiduciary funds. Internal controls are critical and should be mandatory. The administration of client 1031 exchange accounts (1031 exchange administration) should be completely separate from fiduciary accounting and funds management (1031 exchange operations) with different managers responsible for both in order to create sufficient checks and balances.
And, finally, investors need to ask the right questions. Quiz prospective Qualified Intermediaries regarding their insurance and bonding coverage, ask for proof AND CALL to verify the coverage - never assume. Ask detailed questions about the Qualified Intermediary’s internal controls, funds management, and separate of responsibilities.
Monday, May 28, 2007
Recent Concerns Re: Choosing A 1031 Exchange Qualified Intermediary
There has been much written by the press recently regarding the selection of a qualified intermediary for your 1031 exchange transaction. The focus of the media has been on two (2) recent problems with qualified intermediaries. They do not fully explain that the two problem QI's were acquired by problem individuals over the last two (2) years. These two individuals acquired the 1031 exchange companies specifically to use client 1031 exchange funds to finance other operations and they got caught. It is unfortunate that two (2) individuals have cause so much harm to innocent parties for the rest of the solid 1031 exchange companies operating in the industry.
I thought that it would be a good time to revist what to look for when evaluating and selecting your qualified intermediary.
The 1031 exchange Qualified Intermediary (often referred to in the real estate industry as an Accommodator or Facilitator) is a crucial part of any successful 1031 exchange transaction. You should therefore exercise significant care when choosing your own Qualified Intermediary because of the critical role it will play in administering your 1031 exchange transaction.
The purpose of this article is to assist you, as a potential Exchangor, in developing an understanding of the risks involved in selecting your Qualified Intermediary and the questions to ask as part of your due diligence. The due diligence process should not be taken lightly.
I thought that it would be a good time to revist what to look for when evaluating and selecting your qualified intermediary.
The 1031 exchange Qualified Intermediary (often referred to in the real estate industry as an Accommodator or Facilitator) is a crucial part of any successful 1031 exchange transaction. You should therefore exercise significant care when choosing your own Qualified Intermediary because of the critical role it will play in administering your 1031 exchange transaction.
The purpose of this article is to assist you, as a potential Exchangor, in developing an understanding of the risks involved in selecting your Qualified Intermediary and the questions to ask as part of your due diligence. The due diligence process should not be taken lightly.
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