A Qualified Intermediary (QI) is the professional provider of the mandatory mechanics of an exchange. The use of a QI, as an independent party to facilitate a tax-deferred exchange, is a safe harbor established by the Treasury Regulations. Sometimes QIs are referred to as "accommodators" or "exchange facilitators."
When the taxpayer engages the services of a QI, pursuant to an exchange agreement, the IRS does not consider the taxpayer to be in receipt of the funds. The sale proceeds go directly to the QI, who holds them until they are needed to acquire the replacement property. The QI then delivers the funds directly to the closing agent who deeds the property directly to the taxpayer.
Without a QI, and pursuant to an exchange agreement, the IRS may not define a transaction as an exchange, thereby making it ineligible for tax deferment status.
To get detailed contact information for an FEA Member, complete one of the boxes below and click "Find."
(You'll be presented with an alphabetical list of results.)
Disclaimer: By appearing on this directory, the FEA is not endorsing any one individual or company and the consumer is still responsible for assessing the employment of any QI to meet their needs.
The results of each state search will list the FEA Members by their physical address. Many Members listed conduct like-kind exchanges in multiple states or on a nationwide basis. Please contact the Member for more information.