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Qualified Intermediary

Accruit has certified exchange specialists on staff who will answer your 1031 exchange questions and facilitate the exchange transaction.

An unrelated third party or “qualified intermediary” (QI) may be used to facilitate the 1031 exchange transaction. A taxpayer cannot utilize their Realtor®, lawyer, accountant or a related party as a QI. Additionally, several states require that QIs be compliant with regulatory requirements regarding insurance, bonding, and the manner in which exchange funds are held, state licensing, etc.