Do I need to show my Realtor ID When I Buy A Home?
What is Fintrac anyway?
From the horses mouth the descriptiopn is: “The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada’s financial intelligence unit. Its mandate is to facilitate the detection, prevention and deterrence of money laundering and the financing of terrorist activities, while ensuring the protection of personal information under its control.”
So I need to show some ID?
You do have to show ID to a Realtor when completing a trade in Real Estate.
That’s why a salesperson will ask the client to show a piece of government-issued photo ID, such as a driver’s licence or a passport.
This information is securely stored in their brokerage office.
The only time you may be asked to provide your SIN number is if your deposit has earned any amount of interest in a brokerage trust account.
If you are in any doubts always ask!
How Can We Help?
Are you ready to sell or start searching for your new home?
Let’s set up a time to chat. We are happy to meet in person or virtually.
Some of the ways we can help are listed below.
Call Direct: 519.933.6198
Email: Stewart(at)londonontariorealty(dotted)com
If you are thinking of selling your home soon we would be happy to give you a FREE online home evaluation!
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Want to learn more about The Odland & Blair Real Estate Group with Royal LePage Triland Realty?
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Looking for more information on the London market? You can visit the London & St Thomas Association of Realtors site.
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