Every industry has its own terminology, and I have found that investors are pros at learning and educating themselves. If you’re considering a 1031 exchange, it pays to gain some background knowledge about the participants in an exchange. Understand the role of an exchange facilitator in a tax deferred exchange.
Watch or Read
What Does an Exchange Facilitator Do?
We had Equity Advantage actually look at the difference between accommodators and facilitators. To be an accommodator describes an action. You’re accommodating somebody. We would look at a facilitator and that also describes what we do. We actually take an active role in the exchange world and we try to take our clients’ best interests in mind, keeping them going the direction they want to go.
A lot of times we end up with an exchange solution that a client didn’t even know existed. What’s the difference between an intermediary, a QI, an exchange accommodator or a facilitator? They are all terms that describe what an exchange company does. Obviously, there are big differences in the exchange world between companies, and we would like to say that Equity Advantage, in our own words, is a qualified intermediary, but we would consider ourselves an exchange facilitator. We take an active role and make exchanges happen.
If you want to get a fuller understanding of the basics of 1031 exchanges, visit our glossary for definitions of terminology.
To better understand the role of a qualified intermediary in a 1031 exchange, see our article “Who Is a Qualified Intermediary?”
Exchange accommodators are an important part of any 1031 exchange. Learn more about what they do in our article “Who Is an Exchange Accommodator?”
To protect your investments, it pays to engage the professionals at Equity Advantage. Their team of experts includes exchange facilitators, and they know exactly what to do with a 1031 exchange transaction. Call 503-635-1031 for more information.
