All of the companies are Qualified Intermediaries or Sponsors that can assist in the 1031 Exchange transaction. They have a complete understanding of everything that is involved in utilizing this section of the code. Tax-Deferred Exchanges were first introduced in 1921 allowing owners of investment property to defer the payment of capital gains associated with the sale of these properties. This procedure is outlined under the Internal Revenue Code Section 1031, and involves a series of rules and regulations that must be met.