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MCE Test for: Due Diligence For IRA Investing

MCE Credit Hours = 2

Requirements for TREC Credit:

The following fields of information are required to verify and report credit hours earned to TREC:

1) Invoice Number of corresponding MCE download class - you must have
     purchased the corresponding MCE download class
2) All your contact information in the designated boxes
3) Your TREC Real Estate Agent number

Taking the Test:
  • CHOOSE: check boxes with "false" statements only - boxes checked with true statements are considered incorrect answers
  • START OVER: start over anytime by clicking the Reset button
  • SUBMIT: click the submit button when finished - your answers are emailed to AES
  • ANSWERS VERIFIED: AES checks your answers and emails you of passed/failed
  • RETAKE: you may retake the test as many times as necessary to pass
  • NOTIFYING TREC: when you have passed AES notifies TREC and number of credit hours earned
Test for MCE Class Titled: Due Diligence For IRA Investing

Frist Name::
Last Name::
Phone Number::
Invoice # for Corresponding MCE Class::
TREC Agent #::
Phone #::
Street Address::
City::
State::
Zip:\:
Email Address::
Other::
  The process of Due Diligence is not important and can be disregarded.
  Most individuals know all the tax code nuances.
  There are five phases to the Due Diligence process.
  There are five steps to the Due Diligence process.
  It is important to access and use correct sources.
  Even thought you have complete control of your IRA, a custodian can charge your transaction fees.
  When considering a Custodian, you should ask what training or investigation does he have relating to tax codes.
  You need IRS permission to setup an IRA LLC.
  The professional advisor you choose should know what a prohibited transaction is.
  The NAFEP is dedicated exclusively to developing and implementing the most thorough, professional, accurate, and creative estate planning programs in the nation.
  One outcome/goal is that the client understands what codes to review and who to approach for help.
  IRS section 4975 covers prohibited transactions and parties.
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