Why do I need a qualified intermediary, can anyone do a 1031 exchange?

Why do I need a qualified intermediary, can anyone do a 1031 exchange?

The qualified intermediary (QI) is the independent third party required by the IRS to act as the middleman in both the sale and purchase transactions. The QI cannot be the taxpayer, a descendant of the taxpayer, or an agent of the taxpayer (realtor, attorney, accountant, etc.). The QI’s role is to prepare the exchange documents, coordinate with the closing agents for each transaction, and escrow the funds.

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We are proud to have long-standing relationships with the intermediary community and have a designated team supporting relationships with escrow officers, lawyers, accountants, tax advisors, investment consultants and corporate finance professionals.