| Certified Exchange Specialist™ Designation |
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To increase the professionalism of the exchange industry and foster public confidence when selecting an exchange accommodator, the Federation of Exchange Accommodators, Inc. (FEA) administers a Certification and Continuing Education Program that bestows the designation of Certified Exchange Specialist™ (“CES™”) to those professional individuals who meet a specific work-experience criterion of at least three years and pass a valid two and one-half hour test on exchange laws and procedures.
The test covers an array of exchange-related topics designed to challenge the candidate's knowledge of exchange rules and competency in performing the critical activities of an exchange facilitator company. The test also focuses on those ethical issues that emerge when any third party controls the funds of another.
A Certified Exchange Specialist™ (“CES™”) designation, although difficult to achieve, will demonstrate to a property owner considering an exchange that the professional they have chosen possesses a certain level of experience and knowledge. Just as when one selects an accountant or REALTOR®, it's important to review the credentials of any professional advisor prior to beginning a business relationship. |
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