- Select a Qualified Intermediary (QI) *before* yo ur p roperty closes - V erify your QI is bonded and insured - Ask for your QI's experience handling NYC/Brooklyn exchanges - Ensure your QI does not commi ngle funds from multip le clients - Confirm the QI will hold funds in a separate e scrow accoun t - Request sample documents the QI will use in th e exchang e - Check your QI's references an d reviews - Make sure your QI tracks all IRS dead lines for you - Confirm they coordinate with your broker , attorney , and CP A - Ensure the QI explains your responsi bilities cle arly and promp tl y