Fair Trading has produced new guidelines to assist real estate agents to prevent identity fraud.
The guidelines provide:
- commonsense practices and procedures for agents to confirm the identity of vendors or their representatives
- a list of possible fraud warning signs
- instructions on what agents must do if they suspect fraudulent activity
- a proof of identity checklist.
The guidelines are very good and include a Proof of identity checklist for vendors or their appointed representatives.
Download the Real estate fraud prevention guidelines in PDF format.