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Thursday, May 22, 2008

FINTRAC - New Guidlines for Client Identification in the Real Estate Industry

 
What to expect as a consumer!

On June 23rd, 2008 FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) will require your Realtor to record your government issued identification when purchasing a home - please be prepared for this.

As a Realtor, I will also be required to record the identification of the person who is providing a gifted down payment - so, for example your parents...
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