top of page
By William L. Exeter

Qualified Intermediaries are not created equal


Investors generally think 1031 Exchange Qualified Intermediaries are the same – but they’re absolutely not created equal – and the differences can be significant and critical. Did you know there is no regulatory or governmental oversight of Qualified Intermediaries; that only about 1% are licensed, regulated, audited and have minimum equity capital requirements? Scary, when you consider how much money they are holding for investors’ 1031 Exchanges. I have seen numerous Qualified Intermediaries fail over my thirty-five-year career in the 1031 Exchange industry, and most of these failures could have been prevented had there been regulatory or governmental oversight and audit of the Qualified Intermediaries.


bottom of page