- How Much Money Is Needed To Invest In Rental Property?
- Should A Real Estate Investor Get An Agent’s License?
- 5 Big Factors That Affect The Costs Of Renovating Your Home
- SIBOR Hike – What You Can Do With Your Current Loan
- 6 Basic Don’ts Of Real Estate Negotiation Tactics
- Will New Condo Relaunches Trigger The Great Property Sale We Have All Been Waiting For?
- 10 Proximity Amenities That Add Value To Real Estate
- How To Get Personal Loans More Easily With Good Credit
An accommodating party is a third party intermediary who holds money or property for a short period of time in his role to facilitate a section 1031 exchange.
This accommodating party is officially called a qualified intermediary by government agencies.
This is a person or entity, who cannot be a relative of either exchanging party, can legally practice the service of of holding funds to facilitate delayed exchange transactions.
The main job of this intermediary is somewhat like the role of an escrow service.
They hold onto critical elements of a deal between two or more parties, and release them to the relevant parties when certain conditions are conclusively met.
Accommodating party is not the same as accommodation party.