The QI File

Qualified Intermediary

APX 1031

American Property Exchange Services, LLC · Parent: Independent / unpublished · Firm website

FEA membership
FEA unknown
CES® holders
Not published on cited pages
Fidelity bond
Not published on cited pages
E&O / other cover
Not published on cited pages
How funds are held
Funds unknown
Dual-signature wires
Wire controls unknown
Reverse / improvement / DST
Reverse Yes · Improvement Yes · DST Unknown
Last sourced
2026-09-12

Fund handling

About: client funds are held in Qualified Trust Accounts and can only be distributed with the client’s written approval. That is a QTA + written-approval sentence, not a published TIN title, dual-signature bank control, or named trustee. Legal-disclaimer page reprints Washington’s exchange-facilitator statute language; that is a statute reprint, not this firm’s elected bond or QEA path.

Fee structure

Homepage and pricing: Delayed/Forward $995, includes purchase of one replacement property, regardless of transaction size. Reverse/Improvement: Call for Pricing — case-by-case; no public dollar.

Who it is for

Nationwide delayed/forward, simultaneous, reverse, and improvement 1031 exchangers who want a San Diego QI. Legal name on the legal-disclaimer page: AMERICAN PROPERTY EXCHANGE SERVICES, LLC (APX 1031). Public brand: American Property Exchange / APX 1031. Office: 2535 Kettner Blvd Suite 2A5, San Diego, CA 92101; (800) 436-1031; info@APX1031.com. About team: Jake Schiro, Ninos Gabbara, Chris Armao — no CES® marks on that page. DST-as-replacement QI work is not on the pages cited.

Verdict

California QI with a rare public delayed-fee card ($995) and a published QTA plus written-approval disbursement sentence. Reverse and improvement are on the menu without public dollars. Bond/E&O amounts, company FEA, CES® names, and dual-signature wires are unpublished. The homepage ‘Top 1031 Exchange Services 2025’ blurb is a third-party marketing claim, not a QI File rating. The Washington statute block on the disclaimer is not a finding that APX posted a $1 million WA bond. Ask for today’s trust paperwork, who must sign, and a written reverse/improvement quote before a large wire.

Notes

This is a QI custody file, not a securities offering. The legal-disclaimer page names AMERICAN PROPERTY EXCHANGE SERVICES, LLC – (APX 1031). The public brand is American Property Exchange / APX 1031. Confirm that LLC on the exchange agreement.

About: Qualified Trust Accounts; funds distributed only with the client’s written approval. fundsHeld stays unknown because the page does not say each exchange is a separately identified taxpayer account versus a pooled QTA with a subledger. Written approval is not the same as dual-signature bank control, so dual-signature stays unknown.

Homepage types: Delayed/Forward, Simultaneous, Reverse, Improvement. Pricing repeats Delayed/Forward $995 (one replacement, any size) and Reverse/Improvement “Call for Pricing.” Reverse and improvement are therefore yes. No DST menu.

Homepage and About publish a “Top 1031 Exchange Services 2025” quote attributed to an unnamed editorial panel. That is their marketing claim. It is not a QI File score and is not treated as diligence.

The legal-disclaimer page also reprints Washington RCW 19.310.040 facilitator language ($1 million fidelity or QEA/QTA with consent, TIN account, independent verify). Statute reprint is not this firm’s certificate and is not copied into fidelityBond. CES® and company FEA are unpublished. About names Jake Schiro, Ninos Gabbara, and Chris Armao without CES® marks.

Sources

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Corrections and verification

Listings are sourced from public pages. Unknown is omitted, not graded. If a fact is wrong or stale, send the primary URL.

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