Big Brother Wants Your ID Recorded on Every Real estate Sale and Listing
Effective June 23, 2008 the Federal Government Of Canada put in place a New Law that requires All Realtors to Record their Clients Idenfication on both sides of a real estate transaction, sales and listings, Realtors are required keep this information for 5 Years!
Effective June 23, 2008, for every purchase or sale of real estate, your Realtor will also have to keep a client information record. This record sets out the client’s name and address, and the nature of the client’s principal business or occupation. If the client is an individual, the client information record also has to include the individual’s date of birth.
