Sec. 1031 exchanges – How to select a qualified intermediary
Abstract: Anyone who has ever participated in a Section 1031 exchange (also known as a like-kind exchange) knows the critical role that the qualified intermediary (QI) plays. Yet most states don’t regulate the QI industry. Investors who fail to use truly qualified QIs could regret it. This article discusses why QI selection matters, along with the factors that should be considered before retaining one.