The Internal Revenue Service requires that you utilize the services of an independent Qualified Intermediary to assist with your 1031 exchange. Thi should be a well established firm which will assist you in planning your exchange, generate the exchange documentation when you sell and buy, as well as set up a trust account to hold your exchange proceeds between the time you sell and buy. <{> Have an experienced Qualified Intermediary or facilitator is critical to ensuring that your exchange is completed seamessly and compliantly.
Should fees be a factor in selecting a facilitator?
Yes, however they should be considered only after first determining each facilitator's ability to complete a qualifying transaction. This can be accomplished by researching their reputation, knowledge and level of experience.
