Marion Anderson

What do I need to know about FINTRAC?

Estimated reading time: 8 minutes

FINTRAC is Canada’s financial intelligence unit, aiming to prevent money laundering and terrorist financing through strict identity verification procedures.
Real estate agents must verify clients’ identities and the source of funds, with serious consequences for non-compliance.
As of October 2025, realtors are legally responsible for collecting information on unrepresented parties in transactions.
When buying through a corporation, directors must provide documents like certificates of incorporation and corporate bylaws for compliance.
The lawyer does not collect FINTRAC information, making realtors the sole data collectors for this purpose.

Estimated reading time: 3 minutes

Limited supply leads to increasing house prices and frustrated buyers in multiple offers situations.
The GVR introduced the Disclosure of Multiple Offers Presented (DMOP) form to ensure fair presentation of offers and boost buyer confidence.
The seller’s agent completes the Disclosure of Multiple Offers Presented (DMOP) form for listings with multiple offers and shares it with buyer’s agents after a decision is made.
The Disclosure of Multiple Offers Presented (DMOP) form lists the date of each received offer and the buyer’s brokerage, balancing transparency and privacy.
Buyers receive, from their realtor the completed DMOP form within one day after the seller accepts or rejects offers.

Estimated reading time: 4 minutes

The Benchlands is a developed area in Whistler, aimed at tourist accommodation since the eighties.
It consists of Benchlands North and South, with North zoning primarily for tourist rentals, except Horstman Estates.
Free year-round bus service connects the Benchlands to Whistler Village and ski slopes, enhancing accessibility for tourists.
The South features mixed developments, including tourist accommodations and other land uses, with recent updates to transportation infrastructure.
Marion Anderson offers real estate assistance in the area for interested buyers.

Estimated reading time: 3 minutes

The Buyer must adhere to the Completion date; failing to do so may allow the Seller to void the contract and keep the deposit.
The Completion date is officially referred to as such in the Contract of Purchase and Sale; it is not called the closing date.
If the Buyer needs an extension on the Completion date, it requires Seller approval and often incurs significant penalties.
Market drops can affect sale prices, and the Seller may pursue legal action if the Buyer does not close the sale.
Working with an experienced Whistler realtor can help navigate the complexities of the Contract of Purchase and Sale.

Estimated reading time: 3 minutes

The Statement of Adjustments is a financial statement detailing debits and credits for both Buyer and Seller during a real estate transaction.
In British Columbia, the Buyer’s lawyer prepares the Buyer Statement of Adjustments and the Seller Statement of Adjustments.
Adjustments include property taxes and utility charges, typically calculated based on the adjustment date, not the completion date.
The Statement of Adjustments is signed by both parties a few days before the completion date, often in the presence of a lawyer.
For assistance with real estate in Whistler, contact Marion Anderson at Sutton Group – West Coast Realty.