Qualified Intermediary. An accommodator can also be a Buyer or Seller in a three-way exchange.
A party to an IRC s1031 exchange transaction who, pursuant to an Exchange Agreement, acquires relinquished property, holds money from the sale of the relinquished property, acquires replacement property, and then transfers the replacement property to the Exchanger.
A principal involved in an IRS 1031 tax-deferred, like-kind exchange that agrees to assist the seller in the transaction (a.k.a.: a facilitator or intermediary).
A third party who acts to facilitate an exchange by disposing of or acquiring property in the exchange on behalf of the taxpayer.
A somewhat out of date term for a Qualified Intermediary (see definition of QI below). An unrelated party (1031x.com) who participates in the tax-deferred, like-kind exchange to facilitate the disposition of the Exchangorâ€(tm)s relinquished property and the acquisition of the Exchangorâ€(tm)s replacement property. The Accommodator has no economic interest except for any compensation (Our $400.00 exchange fee) it may receive for acting as an Accommodator in facilitating the exchange as defined in Section 1031 of the Internal Revenue Code. The Accommodator is technically referred to as the Qualified Intermediary, but is also known as the Accommodator, Facilitator or Intermediary.
Qualified intermediary; facilitator; middleman; TIMCOR
This is the less formal name for a "Qualified Intermediary”. Also called an "intermediary” or "facilitator”. An unrelated party who participates in the tax-deferred, like-kind exchange to facilitate the disposition of the Exchangor's relinquished property and the acquisition of the Exchangor"s replacement property. The Accommodator has no economic interest except for any compensation (exchange fee) it may receive for acting as an Accommodator in facilitating the exchange as defined in Section 1031 of the Internal Revenue Code.
The party that acts as an itermediary in the transaction. They are usually a qualified intermediaries who assist in like kind exchanges.
As required by IRS tax-deferred regulations, a third party entity or person who assists the Exchangor/taxpayer in the transaction, by preparing the necessary documents, escrowing the exchange proceeds, and acting on behalf of the investor in the sale of the relinquished property and purchase of the replacement property. The Accommodator cannot be the taxpayer, a related party or an agent of the taxpayer. A/K/A a Qualified Intermediary or Facilitator.
A qualified intermediary who agrees to assist the exchanger for effect and tax-deferred exchange. Also described as a facilitator or an intermediary. A qualified intermediary cannot be the taxpayer, a related party, or and agent of the taxpayer.
A qualified intermediary who agrees to assist the exchanger to affect a tax-deferred exchange. Also described as a facilitator or an intermediary, a qualified intermediary cannot be the taxpayer, a related party, or an agent of the taxpayer.
