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Why did the FEA initiate the CES® program? The FEA created the Certified Exchange Specialist® designation to increase the professionalism of the exchange industry and foster public confidence when selecting an exchange accommodator.
Who is eligible to become CES® certified? The exam is only available to FEA Members in good standing who possess specific work-experience criteria. The CES® designation is awarded to those Members who pass an exam on exchange-related topics designed to challenge the candidate's knowledge of exchange rules. The exam also tests Member competency when performing the critical activities of an exchange facilitator company and ethical issues that may emerge during a 1031 exchange.
The CES® designation demonstrates to a property owner considering an exchange, that the professional they have chosen possesses a certain level of experience and knowledge.
Who administers the CES® exam? FEA has retained the services of professional consultants in the conceptualization, development, and implementation of the examination. The examination is administered by the CES® Council.
When was the first CES® exam conducted? The first CES® exam was conducted in May, 2003. The first designates (70 in total) were recognized at the 2003 FEA National Conference in Las Vegas, NV.
Are there any eligibility exemptions available to certain professionals such as attorneys or CPA's? No. All applicants must meet the eligibility requirements in order to take the CES® examination.
If I don't meet all the requirements at this time, can I still become certified? No. You must be a Member of the FEA, meet the minimum work experience requirement and take the exam to become certified. If you do not meet all of the necessary qualifications, you will not be allowed to sit for the exam.
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