According to the regulations, what information must an Individual Identification Record contain?

The correct answer emphasizes that the Individual Identification Record must include fundamental personal details such as the individual's name, address, and date of birth. This information is critical for establishing identity and verifying the individual's legitimacy within the context of real estate transactions.

While other details, such as credit history or employment history, can be relevant in certain situations, they are not mandatory components of the Individual Identification Record as stipulated by regulations. Similarly, the inclusion of a social security number is not universally required, focusing instead on basic identifiable information that ensures compliance with regulatory standards for identification in the real estate sector. This approach aligns with privacy considerations, as sensitive information is not unnecessarily collected unless specifically needed for a particular purpose.