"Agreement" has the meaning set forth in the introductory paragraph of this Agreement. Homeless clients may fill out an Applicant Residency Statement as proof of Travis County residency.They must then select a qualified intermediary (QI), who will hold the proceeds from the sale of the relinquished property and facilitate the exchange process. A 1031 exchange is the exchange of a business or investment property for a business or investment property of a similar value. The use of a Qualified Intermediary is essential to completing a successful IRC §1031 Tax Deferred Exchange. That the investor has a qualified intermediary to facilitate the 1031 exchange and ensure that the transaction is completed with IRS guidelines in mind.