Real estate purchase: This is how the money laundering law protects buyers and brokers!

Real estate purchase: This is how the money laundering law protects buyers and brokers!

A hot topic that is more and more explosive in the real estate industry is the money laundry law. Especially real estate agents, such as those of by Poll Immobilien GmbH , are obliged to check the identity of their customers carefully. This applies in particular if there is a serious interest in buying a property. Buyers and sellers must be aware that relevant data of the ID card is recorded in natural persons - a copy here is the minimum.

The regulations are clear: In the case of legal entities, the regulations require a commuting register from which the beneficial person can be emphasized. There is a reason for the need for such evidence: money laundering is not just a catchphrase. It is closely linked to criminal activities such as order murder, drug and human trafficking. According to Immobilienmakler.de , the Federal Government sees an increased risk of money laundering through real estate transactions, but does not assume any active money laundering behavior.

duties of the real estate agent

real estate agents must take a number of measures in accordance with Section 2 (1) No. 10 of the Money Laundering Act. This includes the sensitization and training of your employees as well as the control of customer identity. Suspected money laundering? Then a message to the authorities is mandatory. These controls relate exclusively to sales and not to rent.

The following applies to the necessary documents: From June 26, 2017, they must be requested if they are seriously interested. Cash payments over 10,000 euros are a clear indication that makes the examiner list. Another warning signal are opaque business structures or price deviations that do not make sense.

obligations to cooperate with the contractual partner

But the buyers and sellers also have a joint responsibility. According to Section 11 (6) GWG, you are obliged to provide the necessary information. The Poll Immobilien GmbH also explains that it assumes no liability for the accuracy of the documents provided by sellers or landlords. That means: Customers have to make sure that the object information is right.

It should be emphasized that all real estate offers are subject to change and are subject to errors. If you are also planning to sell or rent your property, you can request free and non -binding appreciation by a real estate specialist.

summarized it remains to be said that buying or selling a property not only requires free advice, but above all also requires responsible use of sensitive data. The network of Poll Immobilien GmbH ensures that buyers and sellers are optimally merged, which is particularly important today. A good hand when choosing the right partners can make a decisive difference here.