Qualified Intermediaries were put on notice by the California FTB through the issuance of California FTB Notice 2019-05 dated September 24, 2019.

Monthly interest payments, for example.When you couple a monetization loan to a qualified intermediary installment sale transaction, you have loan proceeds that you can invest anywhere you want.

@Artem BelayevThere are many rules that you have to follow if you want to have a smooth 1031 exchange.1) having a 1031 intermediary facilitate the transactions2) identify a replacement property within 45 days3) close on the property within 180 daysGood luck in your search for a CPA.

But that's what your Qualified intermediary is there for (and they're required anyway). 

Remember to use a Qualified Intermediary since you or your attorney are NOT allowed to receive any of the funds from the sale.Be happy to chat. 

The agent may have an intermediary structure where he or she benefits by representing both sides of the transaction making it an easy, fast, above average commission for them.

In Texas, we do this by Intermediary Representation and both parties must sign to be represented by same broker.

My research is coming up with a lot of mixed messages and the 1031 intermediary, title company, and my CPA can't seem to give me a convincing answer (frustrating). 

Probably best to get a CPA or Qualified Intermediary/ 1031 expert to give them this advice though, I'm not one.

It would make more sense for a single third party intermediary to perform the transaction representing both parties assuming one party opts in for it.