Brenda, a real estate associate, is working with a new buyer client, Mr. Chen, who wishes to purchase an investment property in Lethbridge. Before preparing an offer, Brenda needs to fulfill her obligations under FINTRAC. What specific identification must Brenda obtain from Mr. Chen?

Question: Brenda, a real estate associate, is working with a new buyer client, Mr. Chen, who wishes to purchase an investment property in Lethbridge. Before preparing an offer, Brenda needs to fulfill her obligations under FINTRAC. What specific identification must Brenda obtain from Mr. Chen?

Answer options:

• A copy of Mr. Chen's credit report to assess his financial stability.
• Mr. Chen's Social Insurance Number (SIN) to verify his employment history. ✅ A piece of valid, government-issued photo identification, such as a driver's license or passport.
• A detailed list of all Mr. Chen's bank accounts and assets.

Correct answer: A piece of valid, government-issued photo identification, such as a driver's license or passport.

Explanation: FINTRAC (PCMLTFA and its Regulations) requires reporting entities, including real estate brokerages, to identify clients using an original, valid, government-issued photo identification document before commencing a business relationship.