1031 Exchange Definitions: Who Is an Exchange Accommodator?

At Equity Advantage we handle tax deferred exchanges. I always joke that when I go to a party, a quick way to kill a conversation is for someone to ask me what I do. But if you want to do a 1031 exchange, it helps to educate yourself and understand what an exchange accommodator does.


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What Does an Exchange Accommodator Do?

At Equity Advantage, we are exchange accommodators and we’re paid a fee to take a part in a transaction and turn a sale and purchase into an exchange. We’re not an agent of our clients. We have a business purpose, and that is to structure the exchange. Our industry’s trade organization is the Federation of Exchange Accommodators; see 1031.org for more information.

If you want to educate yourself on the terminology of 1031 exchanges, visit our glossary for help.

To understand the role of an exchange facilitator in a 1031 exchange, see our article “Who Is an Exchange Facilitator?”

See our article “Who Is a Qualified Intermediary?” for insight into the part a qualified intermediary plays in a 1031 exchange.

The team of experts at Equity Advantage includes exchange accommodators. They are seasoned pros in 1031 exchange transactions. Call 503-635-1031 for more information.

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"WASHINGTON STATE LAW, RCW 19.310.040, REQUIRES AN EXCHANGE FACILITATOR TO EITHER MAINTAIN A FIDELITY BOND IN AN AMOUNT OF NOT LESS THAN ONE MILLION DOLLARS THAT PROTECTS CLIENTS AGAINST LOSSES CAUSED BY CRIMINAL ACTS OF THE EXCHANGE FACILITATOR, OR HOLD ALL CLIENT FUNDS IN A QUALIFIED ESCROW ACCOUNT OR QUALIFIED TRUST." RCW 19.310.040(1)(b) (as amended)

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