Agency
An Indiana broker who participates in a 1031 exchange for their client should:
AHandle all 1031 exchange paperwork personally
BRecommend the client work with a qualified intermediary (QI) and tax advisor, as 1031 exchanges have strict rules beyond a broker's expertise✓ Correct
COnly identify replacement properties without other advice
DGuarantee tax deferral to the client
Explanation
1031 exchanges have strict timing, identification, and qualified intermediary requirements. A broker should recommend that the client work with a qualified intermediary and tax professional, while the broker focuses on finding suitable properties.
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