Re: Broker/exchanger question - Posted by Ronald * Starr
Posted by Ronald * Starr on July 09, 2001 at 21:10:33:
No, I’ve never heard of a “licenced exchanger.” You don’t need a CCIM. You don’t need a real estate broker. Most exchange people are not brokers. Some are attorneys.
There are probably about 180 million people in the United States who could, by the IRS regulations, be your facilitator. Not including your accountant, attorney, and, I think, you family members. Possibly several dozen of those 180 million people you won’t want handling your money. Maybe more? I suggest you probably want a seasoned professional.
Eric gives you the cost figures. Incidently, you can hire any exchange person or group across the country. If there are not very experienced ones where you live, you can hire somebody from Los Angeles, San Francisco, or Berkeley CA. Telephones, faxes, and express delivery services make this possible.
There is one guru, not welcome on CREONLINE.COM, that advocates a real cheap way to do the exchanges whereby your money is put into a joint signature bank account with somebody else. If you have a person you can trust and who will do what you say, you might want to try that approach.
Good InvestingRon Starr****