NAR is making the case about the importance of 1031 like-kind exchanges from coast to coast!
Today, the San Francisco Examiner published an op-ed on the importance of 1031 like-kind exchanges from NAR’s First Vice President (and Oakland Realtor®), Bill Brown.
Bill has been in the real estate industry for nearly four decades, and notes in his op-ed that 1031 exchanges aren’t just important to investors, but also have an effect on rental markets and the broader economy as well.
The release of Bill’s op-ed comes on the heels of an event in Washington, DC last week where NAR helped make the case for 1031 exchanges. At the event, NAR released a survey showing (among other findings) that 63 percent of Realtors® participated in a like-kind exchange between 2011 and 2015.
Bill’s piece is a great read, and an important reminder about what’s at stake for Realtors® as conversations over 1031 exchanges continue. Check it out!