Deferred

Deferred Inc. is a qualified intermediary that does not charge a transaction fee, earning revenue by sharing the interest on exchange funds with the client. Funds are held in segregated accounts at commercial banks with FDIC coverage arranged up to $175 million, and the company carries a $10 million fidelity bond and $5 million errors-and-omissions policy.

Offices are listed in Pasadena and Carlsbad, California. Reverse and improvement exchange availability should be confirmed directly.