Certified Exchange Specialist (CES)
The CES credential, awarded by the Federation of Exchange Accommodators (FEA), certifies expertise in IRC Section 1031 like-kind exchange rules, qualified intermediary responsibilities, exchange structures, timelines, and tax deferral strategies.
30
Questions
38 min
Time Limit
75%
To Pass
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Exam Rules
- You can skip questions and return to them later
- Flag questions for review before submitting
- No feedback shown until you submit the entire exam
- Unanswered questions count as wrong — answer everything
- 10 pretest questions are mixed in and don't affect your score
- Timer auto-submits when time runs out
- Your progress is auto-saved every 30 seconds