Primary user

KYC for Real Estate Agents in Spain

Originate the client KYC/CDD file. Share it forward. Close faster.

Real estate agents in Spain are obliged subjects under Ley 10/2010 and must perform customer due diligence (CDD) on their clients. PropComply is the KYC/CDD solution built for agents: collect the client file once on mobile, screen for PEPs and sanctions, document source of funds, and share the file securely with the lawyer, developer, mortgage broker or notary — without losing your independent AML responsibility.

Faster reservations

Independent AML liability preserved

Share with the whole chain

Common Challenges

International clients with documents in multiple languages
Pressure to close vs. AML obligations
Documents scattered across WhatsApp, email and paper
Each party in the deal re-asking the client for the same files
SEPBLAC inspection readiness on every file

How PropComply Helps

Mobile-first client onboarding clients complete in minutes
Built-in PEP, sanctions and watchlist screening
Suggested client risk level aligned with the Spanish NRA MLTF model
Source-of-funds documentation in a guided journey
Permission-based sharing with lawyers, developers, brokers and notaries
Bilingual EN/ES output, downloadable PDF for banks
Complete timestamped audit trail for SEPBLAC inspections

Workflow

Step-by-step for real estate agents

1
Invite the client
Send a branded KYC/CDD invitation with just the client's name and email.
2
Client submits data
Client uploads ID, proof of address, beneficial ownership and source-of-funds documents from any device.
3
Automated screening
PropComply runs PEP, sanctions and watchlist screening and suggests a risk level.
4
Review & approve
Review risk factors, resolve hits, document mitigation and approve the final client risk level.
5
Share forward
Securely share the file with the lawyer, developer, mortgage broker or notary — time-limited, audited.

FAQ

Frequently Asked Questions

Are real estate agents in Spain obliged to perform KYC?

Yes. Under Ley 10/2010 and Real Decreto 304/2014, real estate agents are obliged subjects and must apply customer due diligence (CDD), keep records and report suspicious activity to SEPBLAC. Working with a lawyer or notary does not remove the agent's own AML obligations.

What KYC documents should an agent collect from a property buyer?

At minimum: government-issued ID (passport or DNI/NIE), proof of address, beneficial ownership for corporate buyers, source-of-funds evidence (salary, sale of asset, inheritance, business income), and Enhanced Due Diligence documentation for PEPs and high-risk clients. PropComply guides the client through each step.

Can I share my KYC file with the lawyer and the bank?

Yes. PropComply is built for permission-based KYC/CDD sharing between parties in a transaction. The lawyer, developer, mortgage broker and notary can receive the file; banks can receive a bilingual EN/ES PDF as a read-only recipient. Each party still performs its own independent AML assessment.

How does PropComply help with SEPBLAC inspections?

Every action — invitation, submission, screening, risk decision, mitigation, share, deletion — is timestamped in the audit trail. You can export complete case files for inspectors and demonstrate a structured, risk-based approach aligned with Ley 10/2010.