• News
    • PROFILEmiami Events
    • Explore Past Events
    • Event Sponsorship
    • Collaborate with Us
  • Development
  • Residential
  • Commercial
  • Lifestyle
  • TV / Podcast
    • Our Story
    • Advertising
    • Instagram
    • Subscribe
    • Contact
  • Get Featured
Menu

PROFILEmiami South Florida Real Estate and Lifestyle

The Real Estate Mogul's Guide to South Florida
  • News
  • Events
    • PROFILEmiami Events
    • Explore Past Events
    • Event Sponsorship
    • Collaborate with Us
  • Development
  • Residential
  • Commercial
  • Lifestyle
  • TV / Podcast
  • About Us
    • Our Story
    • Advertising
    • Instagram
    • Subscribe
    • Contact
  • Get Featured
PROFILE Hospitality Summit 2025 Banner Real Estate Networking Event-2.png

Biscayne Bay Port Miami Marquis Residences View

Trump, Feds Renew ID Requirement Regulations for South Florida homebuyers

February 27, 2017

The Treasury Department announced Thursday that it would be extending its requirement that Title Insurance companies disclose the identities of luxury homebuyers in Broward and Palm Beach counties by six months through July. The regulations affect cash home sales in excess of $1 million in Miami-Dade, Broward and Palm Beach counties. These requirements were set after it was announced that 30% of transactions in Palm Beach, Broward County, Miami-Dade, New York City, San Antonio and parts of California involved a suspicious buyer or suspicious activity. ID Requirement regulations are in affect in all of those counties through July as the fed continues their crackdown on money laundering in the real estate sector. Many of the deals covered by the regulation involved shell companies. It was hoped that a Trump Presidency would ease some of the regulations placed by the Obama administration, but brokers have yet to see a drop in sales attributable to the ID Requirement regulations. 

In Market Insight, News Tags Market Insight, Market Outlook, News
← Featured Listings: Waterfront Mansion 820 Lakeview DriveFeatured Listing: Tommy Hilfiger Lists Golden Beach Mansion for $27.5 Million →

Subscribe

Sign up to stay up to date with the latest in Miami residential and commercial real estate news and content.

We respect your privacy.

Thank you!

Latest Posts

Featured
Dec 3, 2025
Developers of The St. Regis Residences, Sunny Isles Beach, Miami Secure $418.3 Million Construction Loan Package
Dec 3, 2025
Dec 3, 2025
Dec 2, 2025
Josh Flagg Lists Reimagined Mediterranean Villa on Miami Beach's Exclusive North Bay Road For $10 Million With Jordan Karp LLC
Dec 2, 2025
Dec 2, 2025
Dec 2, 2025
Allen Morris Co. Locks Down $138.5 Million Construction Loan For Ziggurat Coconut Grove
Dec 2, 2025
Dec 2, 2025

Subscribe

Sign up to receive PROFILEmiami’s Bi-Weekly Newsletter to stay up to date with the latest in South Florida residential and commercial real estate news and content. Actively read by 15K+ of South Florida’s Top Real Estate Industry Professionals. Covering Miami, Fort Lauderdale and the Palm Beaches since 2016.

We respect your privacy.

Thank you!
Advertising

Copyright @ PROFILEmiami - 2024

Privacy Policy

PROFILEmiami takes no ownership of any imagery unless otherwise noted.