Qualified Intermediary

Qualified Intermediary Definition

Qualified Intermediary, also referred to as a QI, facilitator, or accommodator, is an independent third party in a 1031 tax-deferred exchange that acts as the “middleman” for which the taxpayer sells the relinquished property and acquires the replacement property.

The accommodator may not be a party that has served as the taxpayer’s agent during the past two years or a related party. The Regulations provided a mechanism to have a delayed-exchange using an accommodator.