What to Consider Before Choosing a Qualified Intermediary

Selecting the right qualified intermediary for your exchange can be challenging. In this article, we are going to talk about what you should consider prior to choosing a qualified intermediary for your 1031 exchange.

Operational Safeguards & Protection Standards

A 1031 exchange involves significant financial and timing considerations. Below is an explanation of our operational standards, insurance coverage, and experience.

Operational Standards

  • Segregated bank escrow accounts

  • Secure handling of exchange proceeds and sensitive information

  • Established internal controls and transaction oversight procedures

  • Coordination with investors’ attorneys, CPAs, financial advisors, and real estate professionals

  • Responsive exchange administration support throughout the process

Insurance & Coverage

  • Fidelity Bond Coverage: $1,000,000

  • Errors & Omissions Coverage: $1,000,000 per occurrence / $3,000,000 aggregate

  • Cyber Liability Coverage: $1,000,000

Experience & Leadership

  • 25+ years facilitating exchanges nationwide

  • Attorney-led expertise

  • Experience with forward, reverse, and improvement exchanges

  • Practical guidance through complex exchange scenarios

Learn More About the Benefits of 1031 Exchanges

Learn more about the many benefits of 1031 exchanges by contacting CPEC1031, LLC today. Our team of qualified intermediaries is standing by to help you through the details of your next like-kind exchange of investment or business real estate. We can help you through the entire 1031 process from beginning to end and make sure you are fully prepared for the closing table. Section 1031 is complex, but we make it simple. Let us handle all the details of your next 1031 exchange so you can rest easy. Contact us today at our Twin Cities office in downtown Minneapolis to learn more about our service offerings and see if your property is a good fit for 1031 treatment.

  • Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.

Defer the tax. Maximize your gain.

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Defer the tax. MAXIMIZE your gain.

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