Posted by Jason-FL on February 05, 2000 at 16:37:40:
If you are doing a delayed exchange, the contract should have statements that qualify the agreement for original intent to exchange. The object is to show that it is an exchange, not a sale. Also, so that the buyer agrees to cooperate by allowing the agreement to be assigned by the exhanger/seller to the exchange faciltator.
I was planning to exchange a property just last month, but decided against it. I hope this helps.