Confirmation bias is the natural human tendency to seek specific supportive sources, or overemphasize information confirming our decisions. People will often come to a conclusion, then seek information confirming the decision. Think about buying a car, once you bought the car your brain starts to highlight all the other similar
Since 1991, IRC § 1031 has required the use of an impartial third party to hold the proceeds from the Relinquished Property sale until the close on the Replacement Property. This third party is known as a qualified intermediary. Not only does the qualified intermediary hold the funds during the
Asset Based Fees Low High Fee $0.00 $500,000.00 $2,000 $500,000.01 $1,000,000.00 $2,750 $1,000,000.01 $3,000,000.00 $3,500 $3,000,000.01 and up $4,000 Additional Service Fees Event Fee Replacement Properties $500/per acquired Back-to-Back Closings $250 Rush Fee (inside 48 Hours) $500 Wire Fee $35 *Fees for 1031 services are assessed by InSight 1031, separate
