 WHAT IS A QUALIFIED INTERMEDIARY?
Since the Internal Revenue Service’s passing of IRC §1031, Americans have been permitted to engage in tax deferred exchanges. The Qualified Intermediary function was later established to work within the procedural restrictions of the Internal Revenue Code to ensure a secured and trouble-free exchange. Though the Final Treasury Regulations in 1991 simplified the exchange process, proper implementation can demand a stressful process of relinquishing and acquiring properties. The Qualified Intermediary acts to facilitate the deferred exchange and carry out the appropriate documentation according to deadlines set by the IRC §1031.
Because the Qualified Intermediary role has become so vital to making legal property exchanges, the precise choosing of a Qualified Intermediary has become an essential component to guaranteeing an “IRS safe” exchange.
Accommodator Finance Company offers clients the highest levels of expertise and fast, accurate and dependable service. Here are several reasons why AFC is the right choice.
Experience - AFC, as displayed by our client testimonials, has an exceptional track record. AFC has over 16 years of combined national experience and the ability to exchange properties all over the United States.
Real Estate Background - Exchanging is a process of real estate transactions contingent upon stringent provisions and deadlines, requiring significant real estate experience. Our staff of highly trained exchange specialists has substantial real estate brokerage experience, and can guide you through the 1031 Exchange Process.
Professional Affiliations – No other company can boast the professional affiliations AFC has accumulated throughout the years. AFC is part of an integrated network of companies which covers all facets of the real estate industry.
Support and Services – AFC provides reliable and fast guidance, information and services with an upfront timeline of fees and procedures. At AFC, clients deal directly with Company Owners and not with hired clerks or branch offices. “Accommodator Finance Company has built an outstanding reputation by focusing on individual client needs and guaranteeing quick turnaround time for its property exchange services.” Lance Densmore, LA. Direct
Security and Protection – AFC assures clients protection of exchange proceeds until funds are necessary for acquisition of the replacement property. AFC is a member of the Federation of Exchange Accommodators. |
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