Marcus Thibeault

When a qualified intermediary fails, investors lose both their money and their tax deferral.

Only eight states require qualified intermediaries to carry insurance and bonds.

No-fee intermediaries waive transaction costs but earn money through escrow interest instead.

Volume signals experience but reveals nothing about how well a firm will handle your exchange.

The QI prevents constructive receipt by holding proceeds until replacement property closes.

Three federal tax layers plus state levies can triple your actual bill beyond the headline rate.