Qualified Intermediary

SSI must function as a principal in the transaction. In fact, the 1991 Treasury Regulations specify which parties are disqualified from functioning as an Intermediary. With a few exceptions, the following are considered disqualified parties:

(1) A close family member or a controlled corporation, partnership, or trust.

(2) Entities considered agents of the investor such as their: employee, closing/escrow officer, Attorney or Accountant, Investment Banker or Broker, Real Estate Agent or Broker.

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Disclosure
Jerry Babin - Realtor with RE/MAX Southern Realty cannot advise you concerning the specific tax consequences or advisability of a deferred exchange for tax planning purposes. You will be required to seek the counsel of your accountant or attorney. If we can answer any of your general questions, or those of your representatives, please do not hesitate to contact us.