Buyer Information Form - Idriss Movahedzadeh | Saskatoon REALTOR®

Before we can complete your purchase, federal law requires me to record some information about you and the source of your deposit. Filling in this secure form takes about 3 minutes and saves us doing it over the phone. Why am I asked for this information?

Your full name * Your email or phone number *

Occupation Is this person retired? * Not Retired Retired Nature of principal business / occupation *

Be as descriptive as possible, e.g. "hotel reservations manager" rather than "manager". If retired, give the occupation you retired from, e.g. "public high school teacher".

Name of institution / organization / employer *

Employed: name of employer · Self-employed: business name · Student: name of school

Politically exposed person

Are you, a family member or close associate, a politically exposed person or the head of an international organization? Select all that apply. *

Politically exposed domestic person (domestic PEP) or family member/close associate of one Head of an international organization (HIO) or family member/close associate of one Politically exposed foreign person (foreign PEP) or family member/close associate of one None of the above

Source of your deposit funds Economic activity or action which generated these funds * Financial institution name * Financial institution address * Transit number (4-5 digits) * Account number (7-12 digits) * Type of account *

I understand this information is collected because it is required under Canada's federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act, and I consent to Idriss Movahedzadeh (CENTURY 21 Fusion) collecting it for that purpose. * Why am I being asked for this information?

The following is provided by The Canadian Real Estate Association (CREA)

Federal money laundering and anti-terrorist financing rules require real estate agents and brokers to collect personal identification information from buyers and sellers.

Your REALTOR® is asking questions because…
it’s the law

Your REALTOR® must obtain personal information to comply with the law.

It is the federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) that requires financial institutions and real estate agents to obtain information about individuals who conduct financial transactions, including buying and selling real estate. Canada has had this legislation since 2001, and it applies to every buyer and seller in every transaction.

Occupation and employer. REALTORS® must document personal information, including occupation, and proof of identity of their client in each and every transaction.

The politically exposed person question. Your REALTOR® is obligated to ask whether you, your family members or close associates have held certain positions in a Canadian government, on behalf of a foreign state, or in an international organization. For most people the answer is simply “none of the above” — but it must be asked of everyone.

Details of the deposit. Every time funds are received by a REALTOR® (e.g. a deposit) during a real estate transaction, they are required to record the amount received, how it was obtained, and account information affected by the transaction. That is why the form asks for your financial institution, transit and account numbers.

Your information is kept confidential. The only reason the REALTOR® keeps your personal information on file is to comply with federal laws. It will not be used in any commercial way, and will not be provided to anyone else except in response to a request from the federal agency responsible for compliance, FINTRAC. The law requires these files be kept at the broker’s office for five years.

Source: “Your REALTOR® is asking questions because… it’s the law” — © The Canadian Real Estate Association. More information: fintrac-canafe.canada.ca or call FINTRAC toll-free 1-866-346-8722.

Questions? Call or text me directly at (306) 270-0725.

Century 21 Fusion

INFO & SERVICES

NEIGHBOURHOODS