How large is the market for exchange services?
(A) The market for exchange services is very large and growing rapidly. According to a recent Wall Street Journal article dated August 2006, exchanges are surging in popularity even in a down market. We predict the number of exchanges to more than double in five years as more people discover the advantages that an exchange can offer them. The beauty to the exchange industry though, is that many clients become repeat customers with 22% performing an exchange every three years which creates a residual income (Q) I have seen many exchange companies offering free 1031 courses. (A) You probably have. Most 1031 exchange companies offer free courses to explain the tax benefits of exchanges to the public. But they do not teach you how to perform the exchange. Instead they explain what an exchange is, the benefits of an exchange, and how it works. They want you to hire them to do the exchange so they can keep the whole fee, which can exceed $2,500.00 for a simple tax-deferred exchange, for them
