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Who can be a Qualified Intermediary (QI) and What are the Costs Associated with the Exchange?

April 26, 2017associated costs exchange intermediary qi qualified

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Who can be a Qualified Intermediary (QI) and What are the Costs Associated with the Exchange?

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There are restrictions as to who can be a QI and who can’t. Basically, related parties cannot be QIs. These include your employees, accountants, attorneys, real estate agents or brokers. Many financial institutions and title companies are in the business of serving as QIs.