Qualified Intermediary (QI) 16. Who is a Qualified Intermediary and what is his role?
Qualified Intermediary (QI) is a third party who helps to facilitate the exchange. He is also known as Accommodator, Facilitator, and Qualified Escrow Holder. Most importantly he is not a related party to the Exchangor. His job is to facilitate the disposition of the Exchangors Relinquished Property and the acquisition of the Exchangors Replacement Property. The QI has no monetary interest in the exchange process except for the fees charged towards his services. As a professional, Qualified Intermediary (QI) is a member of the Federation of Exchange Accommodators and is bonded by its guidelines.
