NAR has partnered with the U.S. Treasury Department to provide guidelines on how to detect and respond to money laundering in real estate transactions.
Money laundering doesn’t happen a huge amount in residential real estate, but it happens. These guidelines are intended to keep the number low by arming you with a few simple tips so when a deal involving possible illegal funds comes your way, you’ll suspect it for what it is and let authorities know.
In the 6-minute video above, NAR policy analyst William Gilmartin, NAR Treasury policy analyst Michael Rosen, and NAR attorney Lesley Walker summarize what you’ll find in the guidelines. Learn more at REALTOR® Magazine's Speaking of Real Estate Blog.