900 SW Fifth Avenue, South Mezzanine
Portland, OR 97204
Washington state law, RCW 19.310.040, requires an exchange facilitator to either maintain a fidelity bond in an amount of not less than one million dollars that protects clients against losses caused by criminal acts of the exchange facilitator, or to hold all client funds in a qualified escrow account or qualified trust that requires your consent for withdrawals. All exchange funds must be deposited in a separately identified account using your taxpayer identification number. You must receive written notification of how your exchange funds have been deposited. Your exchange facilitator is required to provide you with written directions of how to independently verify the deposit of the exchange funds. Exchange facilitation services are not regulated by any agency of the state of Washington or of the United States government. It is your responsibility to determine that your exchange funds will be held in a safe manner.
Teresa, an Account Executive, has been actively involved in the 1031 Exchange, Title and Escrow industries for over 30 years. With IPX1031®, Teresa teaches seminars for continuing education credits throughout the Portland area and has given a multitude of seminars over the years to Oregon and Southwest Washington real estate agents, commercial brokers, CPAs, tax preparers and real estate attorneys.
IPX1031® provides seminars for continuing education credits as well as custom and personalized seminars. To find out about a seminar nearest you, or to schedule a seminar for your office, please contact me.