FICA & Financial Info at WE R Real Estate and WE R PR1ME
Why We Ask So Many Questions — It’s All About You!
FICA & Financial Info at WE R Real Estate and WE R PR1ME
At WE R Real Estate, we believe real estate is about people and property — and protecting both! That’s why we follow strict FICA (Financial Intelligence Centre Act) guidelines and ask key financial questions early in the process. It’s not to slow things down… it’s to make things faster, safer, and smoother for you.
Why It Matters
When our agents ask about your financial standing, here’s how it benefits you:
- Save Time: We match you with the right properties based on your real buying power.
- Security First: FICA keeps everyone protected and reduces the risk of fraud.
- Faster Deals: The more we know upfront, the quicker we can close — no delays or surprises.
Getting Pre-Approved? Here’s What a Bond Originator Like Multinet Needs:
- Copy of your ID document
- 3 months’ payslips
- 3 months’ bank statements
- Proof of residential address
- Your income tax number
Pro tip: Pre-approval not only speeds up the process — it strengthens your offer and gives you confidence when house hunting!
FICA Requirements for an Offer to Purchase (OTP):
Before we can proceed with an OTP, both buyers and sellers must submit the following documents:
For Individuals:
- Certified copy of ID
- Proof of residential address (not older than 3 months)
- Income tax number
- Marital status confirmation (if applicable)
For Companies, Trusts, or Close Corporations:
- Company/trust registration documents
- Resolution to buy/sell
- IDs and proof of address for all directors/trustees/members
At WE R Real Estate, we make sure the paperwork is in order, so you can focus on what really matters — finding your dream home.
Because when it comes to real estate, your home is with us!