What is identity verification?

For the safety and security of the marketplace, it is important that IRESE makes every effort to ensure that all companies and individuals participating in the marketplace are:

1) a real person or a company, and
2) the same person or the same company they say they are.

To this end, IRESE takes extra care in verifying the identity of all Brokers, Property Owners, Investors and Market Makers.

Why do I have to have my identity verified?

Identity verification is important for all Brokers for the following reasons:

• Tax reporting: IRESE is required to report Broker income to the IRS.
• Government compliance and regulation: To meet regulatory requirements, IRESE is required to verirfy license information for the primary responsible party on the Broker account. For an International Investors, we require a passport of the Authorized Representative (who signs the docs).

What does it take to get verified?

When you register as a Broker, IRESE will collect the primary responsible party Social Security number, date of birth, driver license number, address and telephone numbers to verify your identity against data from credit reporting agencies and other identity and anti-fraud verification databases. Based upon this and other data, IRESE will verify your identity.

For an International Brokers, we require a passport of the Authorized Representative (who signs the docs)

If you are a company who has a U.S. bank account and Business Employer Identification Number (EIN) you will be asked for additional information:

• Articles of Incorporation
• Form W9
• Certificate of Authority for your primary representative
• Copy of a driver's license or state ID card for your primary representative. For an International Brokers, we require a passport of the Authorized Representative (who signs the docs).

What if I don't pass identity verification?

There are some cases in which real, legitimate people and companies don't pass the IRESE identity verification process. If you are who you say you are, there is a possibility that our information about your identity is erroneous, in which case we will contact you and may ask for faxed proof of identity before allowing you to continue as a Broker.