Exchange/Sale is an authority provided by Section 503 of Title 40, United States Code, under which executive agencies, when acquiring replacement property, may exchange or sell similar items and may apply the exchange allowance or proceeds of sale in whole or in part payment for the property acquired.

The regulations on exchange/sale are contained in the Federal Management Regulation (FMR) at Part 102-39 (41 CFR 102-39). Information on requesting waivers to those regulations is provided as a link to this page.