Resources
Background Checks
About Real Estate Background Checks for Agents
The real estate industry is unique compared to many other sectors. Both public authorities and private bodies regulate it, and regulations often differ between states. Those seeking to become real estate agents must undergo extensive training and education before they can apply for their license. Once they do, individuals should expect (in most states) to prepare for a real estate background check.
Broker's Arrest Raises Questions about Real Estate Industry Background Checks
Background check standards are a major topic in the real estate industry this week after a realtor in South Carolina was arrested for kidnapping and murder. Per a report from Inman, a real estate news website, the accused, Todd Kohlhepp, has been linked to seven murders. Kohlhepp is a licensed realtor in the state of South Carolina. He is also the owner and broker-in-charge of a company called TKA Real Estate, which has two offices, one in Greenville and the other in Spartanburg.
HUD Rules for Tenant Screening in 2024
Since 2016, the Department of Housing and Urban Development (HUD) has had extensive regulations on criminal background checks for access to housing and real estate. Despite pushback from landlords at the time, HUD proceeded to finalize and publish its news regulations. This notice appeared in a memorandum titled the “Application of Fair Housing Act Standards to the Use of Criminal Records by Providers of Housing and Real Estate-Related Transactions.”
Resources
Background Checks
