Brenden C. Faber Appointed Regional Vice President for Federation of Exchange Accommodators
November 5, 2009, SANTA ANA, Calif.
First American Exchange Company, LLC, a member of The First American Corporation (NYSE: FAF) family of companies, announced today that Brenden C. Faber, CES® has been reappointed to a third term as vice president for the Rocky Mountain Region of The Federation of Exchange Accommodators (FEA). Faber’s one-year term began on Oct. 1, 2009, and will conclude at the FEA annual conference next fall.
Faber, who is president of First American Exchange Company, LLC, one of the country’s most respected providers of qualified intermediary services, was appointed by the FEA’s board of directors for his outstanding leadership skills and strong support of the FEA’s mission.
“Tax-deferred exchanges provide consumers with a powerful wealth-building tool,” said Faber. “FEA members strive to provide outstanding service and security to help consumers meet their goals, so I am very happy to be able to contribute to the continued growth and success of the FEA.”
The Federation of Exchange Accommodators is a national trade organization that represents qualified intermediaries (QIs), 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, establish and promote ethical standards of conduct for QIs, offer education to both the exchange industry and the general public, and 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.
About First American Exchange Company
A wholly owned subsidiary of First American Title Insurance Company, First American Exchange Company is a leading national provider of 1031 exchange intermediary services. It handles forward, reverse, build-to-suit and personal property exchanges. These transactions permit investors to defer capital gains taxes on the sale of certain types of business or investment property, including both real estate and personal property. For more information about First American Exchange, go to www.firstexchange.com.
About First American Title Insurance Company
First American Title Insurance Company, the largest subsidiary of The First American Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. The company has its headquarters in Santa Ana, Calif. Information about The First American Corporation’s subsidiaries and an archive of its press releases can be found on the Internet at www.firstam.com.