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). §227.201 (a) BASIC INFORMATION ABOUT THE COMPANY. §227.201 (b) DIRECTORS AND OFFICERS OF THE COMPANY. (B) Enters into a written agreement with the Taxpayer. To meet the requirements of the Qualified Intermediary (QI) safe harbor, there must be a written exchange agreement between the Taxpayer and the QI. Recent guidance for Tenancy in Common ("TIC") programs is providing an opportunity for REITs to distribute their excess or. Persons qualified to solemnize marriages. We refer to the offer described in this prospectus to exchange the initial notes for the exchange notes as the exchange offer.