Did you know that as of October 1, 2025, the real estate broker or sales rep representing one side of a deal (buyer or seller) must now verify the identity of the other side too — if that party has no agent of their own?
Before this amendment, an unrepresented buyer or seller could go through a deal with nobody verifying who they were. Now the represented side's broker or sales rep has to do it. ** This was commonly seen in For Sale By Owner (FSBO) transactions **
This is exactly the kind of gap that exposes you to risk - and FINTRAC examiners look for:
🔶 Is this covered in your written compliance program?
🔶 Are you able to prove your process is effective in practice?
Our team has worked with countless companies nationwide and can help you figure out how to level up your compliance program, to be reflective of the current obligations.
We've been there for the Real Estate Sector and we're there when you want to bring in an elite team serious about FINTRAC compliance.