An alternative to acquiring real property for cash is a _________,whereby the seller exchanges its property for another piece of property.

Question

Quizplus · Accepted Answer

This is commonly referred to as a "like-kind" or "1031" exchange, which allows for the deferral of taxes on the sale of an investment property if the proceeds are reinvested in a similar property. This can be a useful strategy for investors looking to defer tax liabilities and reinvest in properties that better fit their investment goals. Options A, C, and D are not valid real estate terms.

An Alternative to Acquiring Real Property for Cash Is a _________,Whereby