Nevada Qualified Intermediary Bond

A Nevada Qualified Intermediary Bond is a type of surety bond that is required by the Nevada Division of Financial Institutions (DFI) for all qualified intermediaries (QIs) who operate in the state. The bond is in the amount of $50,000 and is intended to protect the public from any financial harm that may result from the QI’s failure to comply with Nevada Revised Statutes (NRS) Chapter 645G, the Qualified Intermediaries for Tax-Deferred Exchanges of Property Law. The cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a Nevada Qualified Intermediary Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Nevada Qualified Intermediary Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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What is a Qualified Intermediary?

A Nevada Qualified Intermediary (QI) is a person or entity that acts as an intermediary in a tax-deferred exchange of real property. Tax-deferred exchanges allow individuals to defer capital gains taxes on the sale of real property by reinvesting the proceeds into another property within a specified period.

What does a Nevada Qualified Intermediary do?

A Nevada QI acts as a neutral third party who holds onto the proceeds from the sale of one property until the investor has identified and purchased another property. This ensures that the proceeds are not commingled with the investor’s personal funds and that they are only used for the intended purpose of the exchange.

What are the responsibilities of a Nevada Qualified Intermediary?

A Nevada QI has a number of responsibilities, including:

• Opening an escrow account to hold the proceeds from the sale of the relinquished property.
• Issuing Exchange Accommodation Agreements (Form 8824) to the investor and the buyer of the relinquished property.
• Providing ongoing communication with the investor and the parties involved in the exchange.
• Discharging the lien on the relinquished property once the replacement property has been purchased.

What are the requirements to become a Nevada Qualified Intermediary?

To become a Nevada QI, you must meet the following requirements:

• Be a person or entity duly licensed or registered to do business in Nevada.
• Pass a background check and financial examination.
• Adhere to the Nevada Qualified Intermediary Code of Ethics.
• Maintain a Nevada Qualified Intermediary Bond in the amount of $50,000.