1031 Exchange Industry Gets Boost of Certified Exchange Specialists

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The Federation of Exchange Accommodators (FEA) announced today the results of the bi-annual examination for the designation of Certified Exchange Specialist® (CES®). This group of professionals took the examination in Washington, D.C. at the FEA Mid-Year Conference in late April.

The Federation of Exchange Accommodators (FEA) announced today the results of the bi-annual examination for the designation of Certified Exchange Specialist® (CES®). This group of professionals took the examination in Washington, D.C. at the FEA Mid-Year Conference in late April.

The FEA is the only national trade organization formed to represent the Qualified Intermediary (QIs) industry and the interests of consumers who use these services. FEA also represents the legal/tax advisors and affiliated businesses who are directly involved in Section 1031 Exchanges. Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment.

The CES® Program was established by the FEA in 2003 to formally recognize individuals who have satisfied an experience requirement and demonstrated through testing their comprehensive knowledge of Section 1031 and the facilitation of like-kind exchanges. Currently there are 246 CES® Designees nationwide.

"It's exciting to see the commitment that our members have to continuing education and furthering their credibility in the industry," said Hugh Pollard, CES®, 2007 FEA President. "The CES® designation is a designation that anyone executing an exchange should have on their business card. It provides customers with confidence in knowing that they are working with the highest level of professionalism within the industry."

Professionals who passed the exam can now use the CES® designation in their title and include:

  •     John Boyd        Greenville, SC

  •     Melanie Brienza    Providence, RI
  •     Tacha Bromber    Petaluma, CA
  •     Brooke Collins    Tallahassee, FL
  •     Angela Fortune    Morrisville, NC
  •     Amy Gustin        Bellevue, WA
  •     Alan Lichtenstein    Dix Hills, NY
  •     Carla Linskey    Virginia Beach, VA
  •     Matthew Linville    Pilot Mountain, NC
  •     Adam Mishcon    Coral Gables, FL
  •     Stephen Rogers    Scottsdale, AZ
  •     Scott Rotkowitz    Armonk, NY
  •     Esther Silberberg    Lakewood, NJ
  •     Sarah K. Smith    Las Vegas, NV
  •     Justin Swift        Roseville, CA

The Federation of Exchange Accommodators (FEA) is the national trade association organized to represent professionals who conduct like-kind exchanges under Internal Revenue Code §1031 and the interests of the consumers who use their services. Member companies include Qualified Intermediaries (QIs), their primary tax and legal counsel, and affiliated industries (TIC sponsors, banks, real estate brokers, title companies, settlement/escrow agents, etc.). Formed in 1989, the FEA offers multiple services and education to both the exchange industry and general public, encourages innovation in the industry, establishes ethical standards of conduct, and works toward the development of uniformity of practice and terminology within the exchange profession.

For more information please visit: http://www.1031CES.org.

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Kathryn Gifford
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