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Can my Title Company force me to use their 1031 Exchange Qualified Intermediary?

Absolutely not! Your 1031 exchange Qualified Intermediary is completely YOUR CHOICE!

In fact, the safe harbors of IRS Section 1031 Exchange specifically permit the Qualified Intermediary to be your agent, answerable only to you—absolutely no one else. Real or perceived. We also suggest that you you be careful of “steering.” Steering is the act by real estate agents and others referring business to friends or related parties. In our opinion, your QI should have no relationship or business connections to other parties you are dealing with in your deferred exchange transaction.

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This was written by admin. Posted on Friday, January 7, 2011, at 9:57 am. Filed under 1031 Exchange General Questions. Tagged . Bookmark the permalink. Follow comments here with the RSS feed. Post a comment or leave a trackback.

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