The Role of a Qualified Intermediary
A lot of people ask "What is a Qualified Intermediary?"
A Qualified Intermediary or QI is also commonly referred to as an Accommodator or Facilitator for the 1031 Exchange transaction. The role of the QI is to guide you through the 1031 Exchange to ensure the rules are followed, allowing you to defer your taxes. A QI drafts the legal documents, safeguards your money, and consults with you and your advisors during the 1031 Exchange process. The QI works closely with you to make sure that all necessary paperwork is completed and your deadlines are met.
When choosing a QI, you should choose one with the experience and expertise to guide you through the 1031 Exchange process. In addition, you should make sure they are licensed, bonded and insured to protect you and your funds during the 1031 Exchange.
1031 Exchanges are complex, that's why you need an expert! Call Exeter 1031 at 1-619-239-3091 or visit http://www.exeterco.com
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