For decades, John Galley was a licensed Real Estate Attorney in Illinois and Wisconsin. He is a cum laude graduate of Dartmouth and received his law degree from IIT/Chicago-Kent College of Law.
A Starker Exchange legal writing assignment in law school marked the beginning of his interest in 1031 Exchanges. And this eventually led to the formation of his 1031 Exchange Qualified Intermediary Company.
An Exchange has two major events. The first is the Closing for the Exchanger’s sale of what is called “the relinquished property” – to be followed in time (no more than 180 days) by the Closing of the Exchanger’s purchase of the “replacement property”. A significant set of paperwork is necessary for the first Closing – and a smaller set for the second Closing. And in between these two events, the sales proceeds are held “in trust” for the Exchanger with an Exchange Trustee Bank.
When you have an Exchange assignment from a Client, you will need to fill-out an Exchange Information Sheet for the first Closing (which we will provide) and return it to Attorney 1031. (A similar procedure will be necessary for the second Closing.)
ALL of the necessary paperwork will then be custom-drafted by the Attorney 1031 team and distributed to all necessary parties for each transaction. A cover letter will describe exactly how to process the paperwork for each Closing – and the funds from the first Closing.
Your Exchanger will have a separate, sub-account within the Attorney 1031 Master Exchange account at the Trustee Bank. Individual Exchanger Funds are never co-mingled with any others.
To maximize Money Safety, we use a “dual signature” procedure for the transfer of any monies out of the Exchanger’s sub-account. One signature is on behalf of Attorney 1031 (thus eliminating any issue of “constructive receipt” for your Client). And the other signature is someone designated to sign on behalf of the Client. The identity and confirmed signature of this person is provided to the Trustee Bank and is unknown to Attorney 1031. We will provide you with the form and instructions on how to do this. No monies can be transferred anywhere without this procedure having been initiated and completed. So bottom-line; you and your Client must know and approve of ANY transfers of money.
We pioneered this Dual Signature approach decades ago – and now it is required by most states who license Qualified Intermediaries
If you keep doing what you’re doing – you’ll keep getting what you’re getting. And when it comes to being recognized and rewarded for the important role you play in a 1031 Exchange for your Client, right now that is basically nothing.
Now you have a better option when you affiliate with Attorney 1031. You can receive a significant $500 Referral Fee and “real-world Exchange coaching and mentoring” from an experienced practitioner with decades of Exchange experience doing both Exchanges and their underlying sales and purchases.
When it comes to choosing a 1031 Exchange service provider for your Clients, you have choices. So why not effectively chose yourself IF you have a relationship with Attorney 1031? (This is not unlike the relationship attorneys have in many jurisdictions where they have become title agents – and have learned to place a necessary title order with themselves.) Both you and your Clients will benefit.
While you wait for a 1031 Exchange to refer to us and to receive the $500 Referral Feeyou will have earned and deserve, there is a package of unique benefits you can receive from us – but only if you act immediately.
Will this newsletter contain content that will be worth reading and mastering? Consider this quote from David Gardner, "The long-time owner of highly-regarded Boyd’s Direct Marketing:"
“John is by far the most knowledgeable marketing person in the legal space I have ever delt with. Any attorney can benefit from his wealth of legal marketing knowledge and acumen.”
Bar Associations and Attorney/Agent Title Companies have had John speak to their Members on the subject of law practice marketing. This transforming information could put your practice profits on steroids – and it’s being provided to you with our compliments.
Having a relationship with Attorney 1031 is more than just having a Q.I. relationship. We are also a Career Success Resource.
To qualify for the immediate Bonuses – and for the one-time Bonus of $1,000 for your first referred Exchange – you must respond ASAP. You are only committing to having a “dialogue” with us – and that isn’t too much of a quid pro quo to ask, is it?
How do you respond and qualify? It’s easy. Simply send an email to [email protected] with the subject line “Send My Bonuses”. Then be sure to whitelist our email address so what we send in return will not end-up in your Junk Folder instead of your Inbox. (This is important, so do it now while you are thinking about it.)
Simply put, we can’t help you with our Bonuses if you won’t help yourself by taking action now. We look forward to hearing from you in a timely manner – and having a mutually beneficial, professional relationship with you.
A significant Referral Fee recognizes and rewards your meaningful 1031 Exchange contribution.