They must then select a qualified intermediary (QI), who will hold the proceeds from the sale of the relinquished property and facilitate the exchange process. Intermediary agrees to act as a qualified intermediary within the meaning of Treasury Regulations.Section 1.1031(k)-1(g)(4). Exchange agreement, 206.01. Exchange company, 721.05. Staff members of the California Energy Commission prepared this report. As such, it does not necessarily represent the views of the Energy. Gross Revenues shall also include the Gross Revenues of any Occupant under a Commercial Occupancy Arrangement (i.e. (B) Enters into a written agreement with the Taxpayer.