Customer Due Diligence (CDD) is a crucial aspect of the real estate industry that every professional must understand. It's all about ensuring that the individuals and entities you engage with are legitimate and trustworthy. This blog will delve deep into what CDD entails, why it’s essential, and how to implement it effectively in your business practice. Table of Contents 🔍 What is Customer Due Diligence? 📚 The Importance of CDD in Real Estate 📋 Steps to Conduct Effective Customer Due Diligence 🔄 The Ongoing Process of CDD ❓ Frequently Asked Questions (FAQs) 💡 Conclusion 🔍 What is Customer Due Diligence? Customer Due Diligence, or CDD, involves verifying the identity of your clients before entering into any business relationship. This process is not just a formality; it plays a vital role in safeguarding the integrity of the real estate sector. By ensuring that clients are who they claim to be, you help prevent fraudulent activities such as money launderi...