Tom’s Tip of the Month – July 2020
When investing with a 1031 exchange, when can you receive the funds from the transaction? Tom Moore, 1031 exchange expert, explains....
Phone: 1-800-735-1031
Local Phone: 503-635-1031
Email: [email protected]
Phone: 800-475-1031
Local Phone: 503-619-0223
Email: [email protected]
Phone: 800-735-1031
Email: [email protected]
"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 HOLD ALL CLIENT FUNDS IN A QUALIFIED ESCROW ACCOUNT OR QUALIFIED TRUST." RCW 19.310.040(1)(b) (as amended)