What is a Certified Exchange Specialist®?
The CES® designation was established in 2003. It is recognized as the mark of professionalism and knowledge in the 1031 exchange industry. To earn the designation, candidates must demonstrate knowledge of exchange rules and competency in performing the critical and ethical activities of a qualified intermediary. The CES® exam also assesses the candidate's proficiency not only in theory but also in practice.
A CES® Designee is among an elite corps of exchange practitioners in the United States and is an invaluable resource to his or her clients during the exchange transaction. Once earned, there is a strong commitment to continuing education to keep abreast of changes in such an evolving and dynamic industry.
Why Select a Certified Exchange Specialist® to Facilitate your 1031 Exchange?
Knowledge-Experience-Integrity
The Federation of Exchange Accommodators (FEA) administers a voluntary certification and continuing education program that awards the professional designation of Certified Exchange Specialist® (CES®). Those individuals who meet specific work experience criteria and pass a comprehensive examination on exchange laws and procedures are awarded the CES® designation.
Certified Exchange Specialists®:
- have demonstrated, through years of service and a comprehensive examination, that they possess a high level of knowledge and experience;
- are committed to the professionalism, high standards of conduct, and ethical business practices of the 1031 exchange industry;
- continue to stay current with changes in IRC § 1031, relevant regulations, case laws, and other developments affecting your exchange; and
- must meet an on-going continuing education requirement set by the CES® Council.
Because Section 1031 exchanges are complex transactions, the CES® designation is an important indicator of an accommodator’s experience and knowledge. It demonstrates to a property owner considering an exchange that the professional they have chosen has met the key criteria necessary to perform exchange transactions accurately and ethically.
Midland 1031 is proud to have two CES® designees on staff.