Qualified Intermediary Providers
In 1921, tax deferred exchanges were
introduced. Since that time many significant tax law changes have taken place,
the most significant being the Final Treasury Regulations of 1991, which defined
the role of the Qualified Intermediary and streamlined the exchange process.
Today, knowledgeable investors seek an experienced Qualified Intermediary to
handle exchanges. The use of a Qualified Intermediary significantly reduces
transactional stress by assuring the proper execution of required documentation.
Qualified Intermediaries provide a vast array of options so that investors have
access to the full power of exchanges.
Many investors are
surprised to discover that the Qualified Intermediary industry is
not nationally regulated. Consequently, the careful selection of
the Qualified Intermediary is essential to ensure the highest levels
of expertise and security of funds. Cap Seven will not recommend
any Intermediary not underwritten by a reputable firm or bonded.
Cap Seven will not accept funds from any QI's or their firms for
referrals . One firm we do not hesitate to direct our customers
to is API.
API provides the key services
of a Qualified Intermediary as defined and required by the IRS and
API is a Qualified
Intermediary pursuant to IRC §1031
API confers with
each Exchanger's attorney and/or tax advisor and forwards legal
documentation, as requested, so that the IRC §1031 rules
and regulations are thoroughly understood
API prepares the
necessary documentation - Exchange Agreement, Assignment(s), Notice
of Assignment(s), Qualified Exchange Account Form, Security of
Funds Instruments and Instructions to each Closer/Escrow Officer
- and oversees each closing to assist in proper §1031 procedures
API, via the proper
exchange documentation, consummates the sale of the relinquished
property and the purchase of the replacement property
API holds and
protects the exchange proceeds on behalf of the Exchanger until
funds are needed to purchase the replacement property. API is
underwritten by Stewart Title
providing further protection for you funds.
API provides guidance,
information and critical adherance to the established timelines
through-out the entire exchange process
Commercial and Rental Income Properties
in the Northwest USA and the Spokane MLS
OF SPOKANE -- 12810 E. Nora Ave. Suite E, Spokane Valley, WA.
99216 - Phone (509) 220-3835
& Associates dba CapSeven.com, the Commercial Brokers Association,
the Spokane Association of Realtors, and RE/MAX of Spokane-Commercial,
their subsidiaries, affiliates, and employees thereof, make no representations,
guaranties nor warrants expressly or implied, nor assume any liability
or responsibility for the accuracy, completeness, or usefulness of any
information presented herein. The information stated herein is subject
to change without notice. This web site listings information is updated
at least weekly.
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