1031 Exchange - is a transaction whereby the seller and buyer of property relinquishes and replaces investment property adhering to the 1031 exchange rules.

Exchanger (EX) - is a individual or entity that enters into a transaction imploying 1031 exchange rules.

Qualified Intermediary (QI) - is an eligible person that enters into a QI Agreement with the IRS pursuant to Rev. Proc. 2000-12, 2000-4 I.R.B. 387, and that acts as a QI under such Agreement.  Generally, under the QI Agreement, the QI agrees to assume certain documentation and withholding responsibilities in exchange for simplified information reporting for its foreign account holders and the ability not to disclose proprietary account holder information to a withholding agent that may be a competitor.

"Like Kind"- properties are of like-kind, if they are of the same nature or character, even if they differ in grade or quality. Real properties generally are of like-kind, regardless of whether the properties are improved or unimproved. In most cases all real property is like kind with all other real property. However, real property in the United States and real property outside the United States are not like-kind properties.

Identification - a written notification to the QI listing the address or legal description of the property or properties.

An Exchange Accommodation Titleholder -