Real Estate Agents to Collect and Verify ID
August 28th, 2008New Law Requires Real Estate Agents to Collect and Verify ID of Buyers and Sellers
New federal laws and regulations designed to prevent money laundering and anti-terrorist financing went into effect June 23, 2008. Realtors must obtain proof of identity from all parties in any real estate transaction, even if one of the parties is not represented by a real estate agent. Realtors must also trac ...

