Qualified Intermediaries (QI)

Find trusted Qualified Intermediaries for your 1031 exchange. Browse by state to connect with experienced QIs who hold your exchange funds and ensure strict IRS compliance.

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About Qualified Intermediaries for 1031 Exchanges

A Qualified Intermediary (QI) is the most critical partner in your 1031 exchange. They hold your exchange funds in a secure escrow account, prepare exchange documents, and ensure your transaction meets all IRS requirements to defer capital gains taxes.

What Does a Qualified Intermediary Do?

The QI acts as a neutral third party who facilitates the exchange by taking title to your relinquished property and transferring it to the buyer, then using those proceeds to acquire your replacement property. This prevents you from having "constructive receipt" of the funds, which would disqualify the exchange.

Key Services Include:

  • Preparing exchange agreements and documentation
  • Holding exchange funds in segregated accounts
  • Coordinating with title companies and closing agents
  • Ensuring compliance with 45-day and 180-day deadlines
  • Providing guidance on identification rules
  • Managing reverse and improvement exchanges
  • Maintaining detailed records for IRS reporting

Choosing the Right QI

Select a QI with extensive experience, proper insurance and bonding, segregated client accounts, and a strong track record. Our directory features pre-screened Qualified Intermediaries who specialize in 1031 exchanges and maintain the highest standards of professionalism.

Frequently Asked Questions About Qualified Intermediaries

What does a qualified intermediary do in a 1031 exchange?▾

A qualified intermediary (QI) holds your exchange funds in a segregated escrow account, prepares exchange documents, and ensures your transaction meets IRS requirements. The QI prevents you from having "constructive receipt" of the sale proceeds, which would disqualify the exchange.

How much does a qualified intermediary charge?▾

QI fees typically range from $750 to $1,500 for a standard delayed exchange. Reverse exchanges and improvement exchanges are more complex and generally cost $2,500 to $5,000 or more. Always confirm whether wire transfer fees and other administrative costs are included.

Can I use my attorney or accountant as my qualified intermediary?▾

No. IRS rules prohibit anyone who has acted as your agent within the last two years from serving as your QI. This includes your attorney, accountant, real estate agent, or employee. The QI must be an independent third party.

What should I look for when choosing a QI?▾

Look for a QI with fidelity bonding and errors & omissions insurance, segregated (not commingled) client accounts, a strong track record of completed exchanges, and membership in the Federation of Exchange Accommodators (FEA). Ask how they protect your funds from loss.

Need Help Finding a Qualified Intermediary?

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