Federation of Exchange Accommodators Names Brenden Faber as Regional Vice-President
October 10, 2007, Salt Lake City, Utah – First American Exchange Company, LLC announced today the appointment of Brenden Faber CES® to position of Vice-President – Rocky Mountain Region of The Federation of Exchange Accommodators (FEA). The position is a one-year term beginning immediately and concluding at the industry conference next fall.
The FEA is the only national trade organization formed to represent the Qualified Intermediary (QIs) industry and the interests of consumers who use these services. Qualified Intermediaries are professionals who are trained to execute 1031 Exchanges. The FEA also represents the legal and tax advisors as well as affiliated businesses that are directly involved in Section 1031 Exchanges. Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment.
The Board of Directors met on Thursday, October 4, 2007 at the FEA’s 13th Annual Conference held last week in Chicago, IL and named the incoming officers. Brenden Faber was appointed for his outstanding leadership skills and strong support of the FEA’s mission. Mr. Faber is the President of First American Exchange Company, LLC, one of the country’s most respected providers of qualified intermediary services.
“Tax-deferred exchanges provide consumers with a powerful wealth building tool. FEA members strive to provide outstanding service and security to help consumers meet their goals. I am very happy to be able to contribute to the continued growth and success of the FEA. ”
For more information: The Federation of Exchange Accommodators (FEA) is a national trade organization formed to represent qualified intermediaries (QI's), their primary legal/tax advisors and affiliates who are directly involved in Section 1031 Exchanges. Formed in 1989, the FEA was organized to promote the discussion of ideas and innovations in the industry, to establish and promote ethical standards of conduct for QI's, to offer education to both the exchange industry and the general public, and to work toward the development of uniformity of practice and terminology within the exchange profession. The FEA also provides timely input and updates on pending issues at the State and Federal level, Internal Revenue Service and Treasury Rulings, and Court Decisions.
For more information on membership in the FEA, please visit www.1031.org.