johntsai-buyerintro-03

Buyers
Introduction

John Tsai PREC*: Top Producing
Realtor at eXp Realty; John is
currently ranked 11 out of 14,260+
Realtors in Greater Vancouver.
His philosophy is to cultivate long-
lasting relationships with his clients
by providing exceptional real estate
services in Greater Vancouver.

Please find attached a listing contract and a brief
introduction of our marketing background and services.

Te a m

John Tsai Remy Wan Gloria Chow

Listing Specialist Advisor Associate
604-603-0277 604-339-9661 604-603-2923
[email protected] [email protected] [email protected]

Bonnie Ng Alvin Wei Renee Yam

Buyer Specialist Advisor Office Manager/Unlicensed Assistant
604-722-6766 604-961-8936 778-822-1996
[email protected] [email protected] [email protected]

Jeff Kang Ashok Soma

Advisor Advisor
604-837-2669 604-379-9181
[email protected] [email protected]

Michael Chou Maxwell Lyon

Advisor Advisor
604-723-1175 604-217-0525
[email protected] [email protected]

8 Steps to Buying a Home

1 234

Preparing to Buy Working with a Establish Price Range Determine Housing
Real Estate Agent & Financing Requirements
Based on Lifestyle &
Some questions to consider: Your Agent will: Your Agent will: Motivations
— Arrange for financing with
— When do you think you will move? — Give you an updated a mortgage specialist Your Agent will:
market report — Determine your price range — Number of bedrooms,
— Who is involved in the bathrooms, den, parking, etc.
decision-making process? — Explain agency and — Find a home that caters
representation to you to your lifestyle
— What is your job situation?
— Commit to finding you the right
— Do you currently have home according to your needs
a lease in place?

— What are your financial
strengths and weaknesses?

5678

House Hunting Complete the Negotiate the Closing the Sale
Purchase Agreement Purchase Effectively
— View a wide range of homes — Closing the Sale
— Narrow down your choices Your Agent will: — An offer will be presented — The responsibilities of your
— Draft a purchase agreement
— Come up with an educated offer — Seller will either accept Agent will include:
according to comparables or counter the offer — Credit report
— Explain terms and conditions — Appraisal
— Hold earnest money — Buyer and Seller will come to — Income and deposit verification
— Establish closing date and an agreement after the price — Loan approval
possession and possession date and terms are finalized — Inspection
— Determine financial terms — Title search
— Calculate taxes and assessments — Buyer’s responsibilities
— Homeowners insurance
— Moving arrangements

Cost to the Buyer when
Purchasing a Home

Lawyer/Notar y Fees New Construction Proper t y Transfer Tax (PT T )
Cost of GST

$800-$1,200 5% of purchase price 1% on the 1st $200,000 of purchase
price, and 2% on the balance of
Appraisal First Month Strata Fees purchase price. Exceptions:

$200-$250 Applies to condos — PTT is exempted for first-time
home buyers if the purchase
Inspection Prorated Adjusted Taxes/ price is below $475,000
Utilities
$350-$700 — PTT is exempted for new homes
Determined by the timing of sale up to $750,000 (the buyer
E.g. December 23rd completion, must be a Canadian citizen or
total taxes for the year $1,500 a permanent resident). There is
a partial exemption for homes
between $750,000 and $800,000

— For homes over $2,000,000, there
is a 3% tax on the amount over
$2 million (not the full price)

— If the property is residential, 5%
on the portion of the fair market
value greater than $3,000,000

Canada Mortgage and Housing Corporation (CMHC) Premium Fees

Loan-to-Value Premium on Total Loan Premium on increase to Loan Amount for Portability and Refinance

Standard Premium Self-Employed without 3rd Standard Premium Self-Employed without 3rd
Party income Validation Party income Validation**

Up to & including 65% 0.50% 0.80% 0.50% 1.50%

Up to & including 75% 0.65% 1.00% 2.25% 2.60%

Up to & including 80% 1.50% 1.64% 2.75% 3.85%

Up to & including 85% 1.75% 2.90% 3.50% 5.50%

Up to & including 90% 2.00% 4.75% 4.25% 7.00%

Up to & including 95% 2.75% 6.00% 4.25% *

90.01% to 95% – Non- 2.90% N/A * N/A
Traditional Down Payment***

Extended Amortization Surcharges

Greater than 25 years, up to and including 30 years: 0.20%
Greater than 30 years, up to and including 35 years: 0.40%

Buyer’s Criteria Checklist

Name Phone Email

Area Sub-Areas

Type of Home Construction Type

(condo unit, single family home, etc.) (wood, concrete, etc.)

Construction Type Style of Home

(wood, concrete, etc.) (inside/upper/corner unit, 2-storey, home, etc.)

Minimum Price Maximum Price

Number of Bedrooms Number of Bathrooms

Number of Parking Stalls Square Footage

Exposure Age of Building/Property

Rentals (yes/no) Pets (yes/no)

Outdoor Area

(patio, balcony)

Te s t i m o n i a l s

John Tsai and his team were very professional and helpful when we were buying
a new home and selling our old one. We were given great advice about what
to price our home at and ending up selling above asking price. They worked
diligently even through the COVID-19 pandemic to find us a home and we
couldn’t be happier. Although we wont be moving any time soon, we definitely
would be using the John Tsai team again for any real estate transactions we will
have in the future.

– Rob A.

John and his team have been absolutely amazing taking care of us from the
entire selling and purchasing process, and even met our expected timeline! His
team’s level of customer service is top notch and they treat you with the utmost
respect, are very transparent and extremely fair in their fee structure. My wife
and I couldn’t have chosen a better team of individuals to represent us. Special
thanks go to Bonnie and especially Jeff!

– Louis C.

John and his team are kind and gracious in their approach in my experience.
They are very responsive and great communicators. I appreciate their data driven
approach to real estate. I highly recommend John and his team to guide anyone
through the daunting experience of selling and purchasing property.

– Edwina F.

Disclosure of Representation
in Trading Services

disclosure of representation in trading services

Know Your Options Why are you getting this form?
as a Real Estate Consumer A real estate professional is required to give
you this form before working with you, and
Considering a real estate transaction? One of the first decisions must explain it to you.
you will need to make is whether you should work with a licensed
real estate professional who will represent you. Take a moment How to use this form:
to read this important consumer protection information from Read over this information and ask about
the Real Estate Council of BC. anything that is not clear to you. You can
complete the optional consumer fields to
This form explains the special legal duties that real estate indicate that you’ve discussed this information
professionals owe to their clients. It will help you choose with the real estate professional.
whether you want to be:
What happens next?
• a CLIENT of a real estate professional, who will After you’ve reviewed the form and completed
represent you in the transaction, or the optional consumer fields, the real estate
professional must complete and sign it.
• an UNREPRESENTED PARTY with no real estate
professional representing you. Learn more about this form and other
information for real estate consumers at
www.recbc.ca.

The Benefits of Representation

Many people choose to have a real estate professional represent them in real estate transactions to help them

make informed decisions. As a client, you’ll benefit from:

Expert advice Protection Oversight

In BC, licensed real estate Real estate professionals in The Real Estate Council of BC
professionals receive BC are licensed under the works to ensure real estate
specialized training. Real Estate Services Act. professionals are competent
It is legislation designed and knowledgeable. If you have
to protect the rights of a concern about a real estate
consumers. professional, you can file a
complaint by visiting our
website at www.recbc.ca. We
can investigate and discipline
individuals for professional
misconduct.

p.1 of 4

The Real Estate Council of BC regulates real estate professionals to protect consumers. Visit us online to find information on real estate transactions,

ask us a question, file a complaint or an anonymous tip. 1.877.683.9664 | anonymous tipline: 1.833.420.2400 | [email protected] | www.recbc.ca

(rev 6/2018) WEBForms ® June/2018

disclosure of representation in trading services

What to Expect as a Client What to Expect as an Unrepresented Party

When you become the client of a real estate If you choose not to have a real estate professional
professional, they owe you special legal duties as represent you, you are an unrepresented party.
your agent: You are not entitled to the special legal duties a
client receives.
Loyalty: they must put your interests first, even
before their own. No loyalty: the real estate professionals involved
in the transaction are representing clients with
Avoid conflicts of interest: they must avoid competing interests to yours. They must be loyal
any situation that would affect their duty to act to their clients, not you.
in your best interests.
No duty to avoid conflicts: no real estate
Fully disclose relevant information: they professional is acting in your interests.
must give you all the facts they know that might
affect your decisions. No full disclosure: the real estate professionals
involved in the transaction do not have a duty to
Protect your confidentiality: they must not give you all relevant information.
reveal your private information without your
permission, such as: No confidentiality: the real estate professionals
• your reasons for buying/selling/leasing/renting involved in the transaction must share any
• the minimum/maximum price you are seeking information you tell them with their client.
• any preferred terms and conditions you may
want to include in a contract.

Your Options as a Client

In BC, real estate professionals provide their services through licensed companies known as brokerages. If

you decide to become the client of a real estate professional, you will sign an agreement with their brokerage.

Depending on how the brokerage operates, you will be represented as a client in one of two ways:

1 Designated Agency 2 Brokerage Agency
Your real estate professional will You will be represented by all the real
represent you as a “designated agent”. estate professionals at the brokerage.
Only your designated agent will owe
you the legal duties explained above. They will all owe you the legal duties
Your agent must not share your explained above. They must all protect
confidential information with others your confidential information.
at the brokerage without your
permission.

Either way, as a client of a licensed real estate professional you will benefit from expert advice, oversight
and protection.

p.2 of 4

The Real Estate Council of BC regulates real estate professionals to protect consumers. Visit us online to find information on real estate transactions,

ask us a question, file a complaint or an anonymous tip. 1.877.683.9664 | anonymous tipline: 1.833.420.2400 | [email protected] | www.recbc.ca

(rev 6/2018) WEBForms ® June/2018

disclosure of representation in trading services

This is a disclosure made in compliance with section 5-10 of the Rules under the Real Estate Services Act.

Instructions

Consumers: Please complete the optional fields below to indicate that you received this consumer protection
information.

After reading this form, if you decide that you do not need a real estate professional to represent you, a
real estate professional may be required to present you with the Disclosure of Risks to Unrepresented
Parties form.

Real Estate Professional: Complete and sign to indicate you have provided this disclosure to the real estate
consumer. Promptly submit this form to your brokerage.

Mandatory Real Estate Professional Confirmation
I confirm that I have:
✔□ provided the consumer with the Disclosure of Representation in Trading Services form.
✔□ explained the special legal duties owed by a real estate professional to their client.
✔□ explained the risks of being an unrepresented party in a real estate transaction.

I confirm that I will (check one):

✔□ represent the consumer as my client under designated agency.

□ represent the consumer as my client under brokerage agency.
□ deal with this consumer as an unrepresented party.

Name: John Tsai PREC* Date:
Brokerage: eXp Realty

Signature:

Notes:

See next page for Optional Consumer Confirmation.

p.3 of 4

The Real Estate Council of BC regulates real estate professionals to protect consumers. Visit us online to find information on real estate transactions,

ask us a question, file a complaint or an anonymous tip. 1.877.683.9664 | anonymous tipline: 1.833.420.2400 | [email protected] | www.recbc.ca

(rev 6/2018) WEBForms ® June/2018

disclosure of representation in trading services

Optional Consumer Confirmation
I confirm that the real estate professional disclosed the special legal duties owed to clients.
✔□ Yes □ No

I confirm that the real estate professional disclosed the differences between a client and an unrepresented party.

✔□ Yes □ No

I confirm that the real estate professional disclosed the risks of being an unrepresented party.

✔□ Yes □ No

I confirm that I choose to (check one):

✔□ be a client represented by the real estate professional under designated agency.

□ be a client represented by the real estate professional under brokerage agency.
□ be an unrepresented party.

Consumer Name:

Consumer Signature: Date:
Consumer Name:

Consumer Signature: Date:

Section 8-4(a) of the Rules made under the Real Estate Services Act requires a brokerage to maintain a copy of all written disclosures and any related acknowledgements under Division 2 Part 5 of the Rules.

consumer privacy notice

A real estate professional is providing you with this form because they are required to do so by the Rules made under the Real Estate Services Act (the “Rules”). You are not required to
provide your name or signature on this form. However, the real estate professional you are dealing with may ask you to do so in order to document that they have provided you with this
form as required by the Rules. The real estate professional will provide a copy of this form (including any personal information you have provided such as your name or signature) to their
brokerage. The Real Estate Council of BC, the provincial body responsible for regulating real estate professionals, may review this form for the purpose of monitoring compliance with the Rules.

If you have any questions regarding the Real Estate Council of BC’s collection and use of your personal information, please contact:
Privacy Officer, Real Estate Council of BC, 900-750 West Pender Street, Vancouver, BC, V6C 2T8; telephone: 604.683.9664 or toll-free at 1.877.683.9664; email: [email protected]

A COPY OF THIS DISCLOSURE IS NOT REQUIRED TO BE PROVIDED TO THE REAL ESTATE COUNCIL OF BC UNLESS IT IS SPECIFICALLY REQUESTED.

p.4 of 4

The Real Estate Council of BC regulates real estate professionals to protect consumers. Visit us online to find information on real estate transactions,

ask us a question, file a complaint or an anonymous tip. 1.877.683.9664 | anonymous tipline: 1.833.420.2400 | [email protected] | www.recbc.ca

(rev 6/2018) WEBForms ® June/2018

PRIVACY NOTICE AND CONSENT

To help you sell, buy or lease real estate, REALTORS®, analyses. Information about your property will be retained
brokerages and real estate boards need to collect, use and in the MLS® System for these purposes after your property
disclose some of your personal information. This brochure has sold or leased or your listing has expired (if you are a
provides you with information about, and obtains your consent seller/landlord) and after you have purchased or leased your
to, such information handling practices. property (if you are a buyer/tenant).
g) To enforce codes of professional conduct and ethics for
DEFINITIONS REALTORS® (by cooperating with real estate boards, the
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Personal Information PHDQV DQ\ LGHQWL¿DEOH LQIRUPDWLRQ DERXW &RXQFLO RI %ULWLVK &ROXPELD 7KH &DQDGLDQ 5HDO (VWDWH
\RX LQFOXGLQJ \RXU QDPH DGGUHVV SKRQH QXPEHU ¿QDQFLDO Association and other regulatory bodies).
information and may include information about your property h) To comply with legal requirements and to act pursuant to
(such as listing and selling price, lease rate, listing term, etc.). legal authorizations.
The above-mentioned collections, uses and disclosures are a
REALTOR® means a member of a real estate board, and necessary part of your relationship with your REALTOR®.
REALTORS® are also typically licensed under the Real Estate
Services Act. Brokerage refers to the real estate company Will my personal information be collected, used and
where your REALTOR® is licensed. The boards are the real disclosed for any other purposes?
estate boards of which the brokerage and the REALTOR® are Your personal information may also be collected, used and
members. The Multiple Listing Service® (MLS®) System disclosed for the following additional purposes:
comprises a computerized database of real estate listings and a) Your REALTOR® may communicate with you in future to
sales, operated by the boards in conjunction with The Canadian
Real Estate Association. determine whether you require additional real estate
services.
How is my personal information collected? b) Your REALTOR® may communicate with you to provide
information about other products or services that may
Most personal information will be collected directly from you interest you.
WKURXJK WKH FRQWUDFWV DQG RWKHU GRFXPHQWV \RX ¿OO RXW H J c) Other REALTORS® may communicate with you to determine
0XOWLSOH /LVWLQJ &RQWUDFW &RQWUDFW RI 3XUFKDVH DQG 6DOH 2ႇHU whether you require additional real estate services.
to Lease, seller’s Property Disclosure Statement) and through d) The boards, REALTORS® DQG VXUYH\ ¿UPV RQ WKHLU
discussions you have with your REALTOR®. Some information behalf, may communicate with you to determine if you wish
may be collected from other sources such as government to participate in surveys.
GHSDUWPHQWV DQG DJHQFLHV H J /DQG 7LWOH 2ႈFHV %& These additional purposes are optional. If you do not want
$VVHVVPHQW ¿QDQFLDO LQVWLWXWLRQV DQG PRUWJDJH EURNHUV your personal information used or disclosed for any of these
purposes, please contact your REALTOR® or your REALTOR’S®
To whom may my personal information be disclosed? ERDUG¶V SULYDF\ RႈFHU
&RQWDFW LQIRUPDWLRQ IRU DOO %& UHDO HVWDWH ERDUGV FDQ EH IRXQG
Your information may be disclosed to (or may be accessible by) DW WKH %ULWLVK &ROXPELD 5HDO (VWDWH $VVRFLDWLRQ ZHEVLWH ZZZ
WKH ERDUGV DQG WKHLU VWDႇ DQG PHPEHUV RWKHU 5($/7256® and bcrea.bc.ca or telephone 604.683.7702.
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LQVWLWXWLRQV OHJDO DGYLVRUV VHUYLFH SURYLGHUV WKH %ULWLVK ACKNOWLEDGEMENT
Columbia Real Estate Association, the Real Estate Council of
%ULWLVK &ROXPELD 7KH &DQDGLDQ 5HDO (VWDWH $VVRFLDWLRQ DQG I/We consent to the collection, use and disclosure of personal
members of the public, for the purposes described below. information as described in this Privacy Disclosure and Consent
brochure.
Not all of your information will be accessible to each of the
above-mentioned entities. For example, once the listing term _________________________________________________
has ended, the general public will not have access to your
information, unless it is otherwise available through public PRINT NAME
UHJLVWULHV H J /DQG 7LWOH 2ႈFHV %& $VVHVVPHQW
_________________________________________________
Why is my personal information collected, used and
disclosed? SIGNATURE
Your personal information may be collected, used and disclosed
for some or all of the following purposes: _________________________________________________

a) To allow members of real estate boards (including DATE
REALTORS®
and appraisers) to appraise your property. _________________________________________________

b) To list/market your property on the MLS® System. PRINT NAME

c) To market your property through any other media (both print _________________________________________________
and electronic).
SIGNATURE
d) To help you locate a suitable property to buy or lease.
_________________________________________________
e) To facilitate the purchase and sale or lease transaction (by
FRRSHUDWLQJ ZLWK ¿QDQFLDO LQVWLWXWLRQV OHJDO DGYLVRUV DQG DATE
government departments and agencies).
_J_o_h_n_T__sa_i_P__R_E_C__*__________________________________
f) To allow the boards (including REALTORS®) to compile
current and historical statistics on sales and property DESIGNATED AGENT
prices and lease rates, and to conduct comparative market
_e_X_p__R_e_a_l_ty________________________________________

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BC 1008-F JUNE 2018-A COPYRIGHT
WEBForms ® Jun/2018

Individual Identification Information Record

NOTE: An Individual Identification Information Record is required by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. This Record must be
completed by the REALTOR® member whenever they act in respect to the purchase or sale of real estate.
It is recommended that the Individual Identification Information Record be completed:

(i) for a buyer when the offer is submitted and/or a deposit made, and
(ii) for a seller when the seller accepts the offer.

Transaction Property Address:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................................................................................................

Sales Representative/Broker Name: .J.o.h.n. .T.s.a.i.P. R. .E. C. .*. . . . . . . . . . . . . . .e.X. .p. R. .e.a.lt.y. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Date Information Verified/Credit File Consulted: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A. Verification of Individual

NOTE: One of Section A.1, A.2. or A.3 must be completed for your individual clients or unrepresented individuals that are not clients, but are parties to the transaction
(e.g. unrepresented buyer or seller) . Where you are unable to identify an unrepresented individual, complete section A.4 and consider sending a Suspicious
Transaction Report to FINTRAC if there are reasonable grounds to suspect that the transaction involves the proceeds of crime or terrorist activity. Where you are
using an agent or mandatary to verify the identity of an individual, see procedure described in CREA’s materials on REALTOR Link®.

1. Full legal name of individual: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Address: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................................................................................................
3. Date of Birth: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Nature of Principal Business or Occupation: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A.1 Federal/Provincial/Territorial Government-Issued Photo ID

Ascertain the individual’s identity by comparing the individual to their photo ID. The individual must be physically present.

1. Type of Identification Document*: . ..(m.. ..us..t ..vie.. w.. t..he.. o.. r..ig..in..al..a..nd.. ..ha..v..e ..a ..ph..o..to.., s.. e..e..C..R..EA.. ’s.. F..IN.. T..R..A..C..m..a..te..ri..al..s o.. n.. R..E..A..LT..O..R.. L..in..k..®..fo..r ..ex..a..m..p..le..s).. . . . . . . . . . . . . . . . . . .
2. Document Identifier Number: . . . . . . . . . . . . . . . . . . . . . .

3. Issuing Jurisdiction: . . . . (..in..s..er..t a..p..p..lic..a..bl..e ..Pr..o..vi.n. c..e.., T..e..rri..to..ry.., ..Fo..re..ig.. n.. J..u..ris..d..ic..tio..n.. o..r ..“C..a..na.. d..a..”).. . . . Country: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Document Expiry Date:. . (must be valid and not expired) . . . ......... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A.2 Credit File

Ascertain the individual’s identity by comparing the individual’s name, date of birth and address information above to information in a Canadian credit file
that has been in existence for at least three years. If any of the information does not match, you will need to use another method to ascertain client identity.
Consult the credit file at the time you ascertain the individual’s identity. The individual does not need to be physically present.

1. Name of Canadian Credit Bureau Holding the Credit File: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................................................................................................
2. Reference Number of Credit File: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A.3 Dual ID Process Method

1. Complete two of the following three checkboxes by ascertaining the individual’s identity by referring to information in two independent, reliable, sources. Each
source must be well known and reputable (e.g., federal, provincial, territorial and municipal levels of government, crown corporations, financial entities or utility
providers). Any document must be an original paper or original electronic document (e.g., the individual can email you electronic documents downloaded from a
website). Documents cannot be photocopied, faxed or digitally scanned. The individual does not need to be physically present.

† Verify the individual’s name and date of birth by referring to a document or source containing the individual’s name and date of birth*
{ Name of Source: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
{ Account Number**: . . . . . . . . . . (.m.u.st.b.e.va.li.d.an. d. n.o.t e.x.p.ire.d.; m. .us.t .be. r.e.ce.n.t i.f n. o. e.x.pi.ry.d.a.te.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

† Verify the individual’s name and address by referring to a document or source containing the individual’s name and address*
{ Name of Source: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
{ Account Number**: . . . . . . . . . . (.m.us.t.b.e .va.li.d .an.d.n.o.t e.x.pi.re.d.; m. u. s.t .be. r.ec. e.n.t i.f n.o.e.xp. i.ry.d.at.e.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

† Verify the individuals’ name and confirm a financial account*
{ Name of Source: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
{ Financial Account Type:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
{ Account Number**: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

*See CREA’s FINTRAC materials on REALTOR Link® for examples. ** Or reference number if there is no account number.

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of Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations. © 2014-2017.
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A.4 Unrepresented Individual Reasonable Measures Record (if applicable)

Only complete this section when you are unable to ascertain the identity of an unrepresented individual.

1. Measures taken to Ascertain Identity (check one):
† Asked unrepresented individual for information to ascertain their identity
† Other, explain: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.........................................................................................................
Date on which above measures taken:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Reasons why measures were unsuccesful (check one):

† Unrepresented individual did not provide information
† Other, explain: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.........................................................................................................

B. Verification of Third Parties

NOTE: Only complete Section B for your clients. Complete this section of the form to indicate whether a client is acting on behalf of a third
party. Either B.1 or B.2 must be completed.

B.1 Third Party Reasonable Measures

Where you cannot determine whether there is a third party, or there is no third party, complete this section.

Is the transaction being conducted on behalf of a third party according to the client? (check one):
† Yes
† No

Measures taken (check one):
† Asked if client was acting on behalf of a third party
† Other, explain: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Date on which above measures taken:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Reason why measures were unsuccessful (check one):
† Client did not provide information
† Other, explain: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Indicate whether there are any other grounds to suspect a third party (check one):
† No
† Yes, explain: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B.2 Third Party Record

Where there is a third party, complete this section.

1. Name of third party: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Address: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................................................................................................
3. Date of Birth: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Nature of Principal Business or Occupation: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................................................................................................
5. Incorporation number and place of issue (if applicable): . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................................................................................................
6. Relationship between third party and client: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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of Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations. © 2014-2017.
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Individual Identification Information Record

NOTE: Only complete Sections C and D for your clients.

C. Client Risk (ask your Compliance Officer if this section is applicable)

Determine the level of risk of a money laundering or terrorist financing offence for this client by determining the appropriate cluster of client in
your policies and procedures manual this client falls into and checking one of the checkboxes below:

Low Risk

† Canadian Citizen or Resident Physically Present
† Canadian Citizen or Resident Not Physically Present
† Canadian Citizen or Resident – High Crime Area – No Other Higher Risk Factors Evident
† Foreign Citizen or Resident that does not Operate in a High Risk Country (physically present or not)
† Other, explain:

Medium Risk

† Explain:

High Risk

† Foreign Citizen or Resident that operates in a High Risk Country (physically present or not)
† Other, explain:

If you determined that the client’s risk was high, tell your brokerage’s Compliance Officer. They will want to consider this when
conducting the overall brokerage risk assessment, which occurs every two years. It will also be relevant in completing Section
D below. Note that your brokerage may have developed other clusters not listed above. If no cluster is appropriate, the agent
will need to provide a risk assessment of the client, and explain their assessment, in the relevant space above.

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of Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations. © 2014-2017.
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D. Business Relationship

(ask your Compliance Officer when this section is applicable)

D.1. Purpose and Intended Nature of the Business Relationship

Check the appropriate boxes.

Acting as an agent for the purchase or sale of:

† Residential property † Residential property for income purposes

† Commercial property † Land for Commercial Use

† Other, please specify: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

D.2. Measures Taken to Monitor Business Relationship and Keep Client Information Up-To-Date

D.2.1. Ask the Client if their name, address or principal business or occupation has changed and if it has include the updated
information on page one.

D.2.2 Keep all relevant correspondence with the client on file in order to maintain a record of the information you have used to monitor
the business relationship with the client. Optional - if you have taken measures beyond simply keeping correspondence on file, specify
them here:

D.2.3. If the client is high risk you must conduct enhanced measures to monitor the brokerage’s business relationship and keep their
client information up to date. Optional - consult your Compliance Officer and document what enhanced measures you have applied:

D.3 Suspicious Transactions

Don’t forget, if you see something suspicious during the transaction report it to your Compliance Officer. Consult your policies and
procedures manual for more information.

This document has been prepared by The Canadian Real Estate Association to assist members in complying with requirements 4
of Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations. © 2014-2017.
of 4

WEBForms ® Aug/2017