New real estate transaction rules

New regulations that come into effect today, require realtors to collect personal information from property buyers & sellers , such as their name, address, date of birth and occupation, backed up by identification and confidentially retain such information for 5 years. They will be required to provide the information to  the Financial Transaction and Reports Analysis Centre of Canada if asked.

Backgrounder on Bill C-25

PDF of above link download junctioneer –  Backgrounder on Bill C-25

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