[schainks]

Yes, agents do minimal due diligence on the origins of cash. As long as buyer and seller are happy to make a deal, agents get paid and everyone gets what they want.

A friend of mine who is an interior designer in an affluent area has received calls from clients that go like this:

1. A Chinese couple showed up at their door with a suitcase of cash in the middle of the day offering to buy their house, on the spot. The cash value was about 2x the value of the home.

2. The client declined. They _just_ remodeled, why leave?

3. The Chinese couple gets upset, not understanding why paying 2x for a home on the spot isn't a sweet deal. They leave to go find someone else willing to take the cash to move out ASAP.