Washington state law, RCW 19.310.040, requires an exchange facilitator either to maintain a fidelity bond in an amount of not less than one million dollars that protects clients against losses caused by criminal acts of the exchange facilitator, or to hold all client funds in a qualified escrow account or qualified trust that requires your consent for withdrawals. All exchange funds must be deposited in a separately identified account using your taxpayer identification number. Your Exchange Facilitator must provide written notification of how your exchange funds have been deposited and how to independently verify the deposit of the exchange funds. Exchange facilitation services are not regulated by any agency of the state of Washington or of the United States government. It is your responsibility to determine that your exchange funds will be held in a safe manner.
NES Financial’s Fund Administration Solution Selected by The January Fund for Launch of $100M Real Estate Fund
1031 Exchange 1031 Exchange Solutions 1031 qualified intermediary commercial real estate compliance CRE EB-5 EB-5 Administration EB-5 best practices EB-5 eBook EB-5 escrow EB-5 Escrow Administration eb-5 events eb-5 fund administration EB-5 industry EB-5 Investment EB-5 legislation EB-5 news EB-5 program EB-5 Regional Center EB-5 Regional Centers EB-5 Solutions EB-5 Visa EB-5 Webinar eSTAC events forward exchange fund administration ICSC IIUSA investors Medallion Partner Program Nationwide Exchange Services NES Financial Press Release private equity private equity fund administration qualified intermediary Real Estate Regional Center Regional Centers Reverse Exchange security transparency USCIS