Jul 08, 2008
Canadian REALTORS®: Ihre Papiere, bitte
08 Jul 2008
Posted by Andrew Kantor
From the wonderfully-named Kingston (Ontario) Whig-Standard, we learn that Canadian real estate agents (are they Realtors? or REALTORS? or REALTORS®?) are now required to ask for photo ID from buyers and sellers.
The logic, as usual, is ‘fighting terror.’
Intended to prevent individuals or groups from using real estate transactions to launder money, the new federal law requires agents to verify the ID of those involved in a transaction – for instance, with a passport or driver’s licence – and keep that information on file for five years. In the case of corporations buying and selling land, the identities of the corporation’s directors must be disclosed.
I can see it now. Next: American REALTORS® are required to search every home they sell and report any "suspicious findings" to law enforcement….