Producing ID when selling

Discussion in 'The Buying & Selling Process' started by geoffw, 10th Apr, 2018.

Join Australia's most dynamic and respected property investment community
  1. geoffw

    geoffw Moderator Staff Member

    Joined:
    15th Jun, 2015
    Posts:
    11,676
    Location:
    Newcastle
    I haven't sold a place for some years - so now that we are selling an IP, I have as asked to produce drivers licence plus passport or birth certificate. That's no problem at all for me, I was just surprised. Apparently it's the result of people selling houses they didn't really own, and stealing the identity of an absent owner to do so.
     
    geoffw, 10th Apr, 2018
    #1
  2. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    2,440
    Location:
    Sydney / Canberra
    its a new law apparently. yes

    I have been asked by two conveyancers to do that too
     
    hash_investor, 10th Apr, 2018
    #2
  3. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,225
    Location:
    Sydney or NSW or Australia
    I've never been asked but I suppose you can hang out at the mailbox when the postie arrives.
     
    Scott No Mates, 10th Apr, 2018
    #3
  4. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,163
    Location:
    03 9877 3000
    It's been in place for a while now and it's a damn good thing in my opinion. It should be extended further and there the process could be made simpler or more collaborative.

    For example, real estate agents should also need all parties to produce some basic ID (seller and purchaser) and frankly agents need training in this. I can't tell you the number of times a sales contract is missing a middle name.

    It should also be possible for one trusted source to identify the person and for that information to be appropriately distributed. In many cases, I will ID the client, so will the conveyancer, so will the bank. It's a bit redundant and time consuming, especially when they're all in different locations. It would be so easy to get one party to ID the client (ideally face to face), then to share that info with the other parties.
     
    Peter_Tersteeg, 10th Apr, 2018
    #4
    geoffw likes this.
  5. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    2,440
    Location:
    Sydney / Canberra
    there are 3 options to do that and postie is not one of them... you can pop into a postie shop though
     
    hash_investor, 10th Apr, 2018
    #5