Estate Agents and money laundering regs

frugal_dougal_3

Estate Agents are increasingly concerning themselves with the money laundering regulations when there is no need. They now see it as their responsibility when they agree to market your property to go through the whole gamut of demanding to see proof of your identity (passport, driving licence etc) and recent utility bills.

What utter squit !

You would think that all those large amounts of money concerning house sales are going through their hands, when in fact they do not get to touch any of it.

All solicitors now have to ask for this information, even if you have been using the same one for years, and I think most people would agree that the legislation should be in place to prevent money laundering. It is to the solicitor/conveyancer that the money will be going and estate agents usually get their fees from them.

The more cynical amongst us might be thinking that estate agents are either nosy or are trying to make themselves look more professional.


Answers on a postcard please !

Woby_Tide

as money laundering regs make people involved solely responsible for their actions and any subsequent fines etc. I guess they are just proving a small point in attempting to show they did what they could do to try and confirm if the person had dishonourable intentions, adds no value true, but covering your back as an individual I wouldn't argue with

nelly_2

They are simply trying to seem important, as their job is basically on par with working at Mcdonalds.

WANTED.

Estate agent;

The applicant, must be able to wear clothes and use a disposable camera.

The ability to walk round a house and say bedroom/living room/kitchen
is essential.

No formal qualifications are required although a flair for over estimating the value of things is an asset.

Applications are to be made in person, at our beautifully presented one room, rented, south facing office complete with en suite toilet and kitch-en-ete, comprising fridge with Aldi coffee and kettle.

bluesnice

and no doubt well have to pay an 'administration fee' for the pleasure of this check!

I rent and had to pay a £150 admin fee when i moved in. When I leave theres a £60 property checking fee and if i want a reference theres a £60 fee!

another way to make a few quid i think!

frugal_dougal_3

Applications are to be made in person, at our beautifully presented one room, rented, south facing office complete with en suite toilet and kitch-en-ete, comprising fridge with Aldi coffee and kettle.

Yeah ! the one with the BMW parked outside. (They are leasing them not buying).