Dan Welyk Realtor®  Since 1999

There Is No Substitute for Experience.

Back to Blog
 
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 write the initial deposit cheque on your purchase, they as well as you will be required to provide government issued identification for me to record.

How is your information protected and used?

As a Realtor, I am only required to 'report' your information to FINTRAC if I suspect illegal activity - so your information is not automatically submitted to FINTRAC. As with all of your other personal information I will already have about you, your information is protected by Provincial and Federal privacy laws - both of which I adhere too.

If you have any concerns, you can visit FINTRAC's website at http://www.fintrac-canafe.gc.ca/publications/guide/Guide6/6Bcif20080201-eng.asp

As a consumer - please expect and be prepared to have your Realtor ask to see your Government Issued Identification on and after June 23rd, 2008.

 

MLS® Listing Search

Buying A Home

Selling Your Home

 

client review

 

Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.