"Preventing Fake Real Estate Listings"... Carrot to Introduce Mandatory Direct Transaction Verification in September

Mandatory Verification Process for Identity and Ownership

On August 20, Carrot announced that it will implement a mandatory verification system for all individual direct transaction listings registered on its real estate service, Carrot Real Estate.

This mandatory verification system was established to comply with the "Guidelines for Operating Real Estate Direct Transaction Platforms" announced by the Ministry of Land, Infrastructure and Transport in February, and to proactively prevent consumer harm at the platform level.

Carrot Real Estate logo. Carrot

From now on, individuals wishing to list properties on Carrot Real Estate must complete both identity verification and verification as either the property owner or tenant.

If the property owner registers the listing directly, it will be labeled as a "Verified Owner Listing" after being cross-checked with the official property registration. If a third party, such as a tenant or someone other than the owner, posts a listing, they must submit either proof of owner verification or a lease agreement to receive tenant verification before the post can be published.

This new system will be fully implemented next month after a user guidance period of about one month. Listings that have not completed the verification process during this period will gradually be removed from the board.

Carrot CEO Hwang Doyeon stated, "We will do our utmost to create a safe transaction environment by combining the strengthened verification system with our existing safety measures."

This content was produced with the assistance of AI translation services.