The Ontario Buyer Representation Agreement is the agreement between you (the buyer) and your agent`s brokerage. It confirms the terms of your relationship, the commission paid if you buy a property during the term of the contract, the role of the agent and what happens when they also represent the seller. If you sign an BRA, this means the agent: Confirmation of the collaboration details of the nature of the relationship that the buyer and seller with his agent/brokerage (for example. B customer or customer) and the commission agreement between the seller`s intermediation and the buyer`s intermediation. It also explains what happens when intermediation represents both the buyer and the seller (multiple representation). The two brokers are contracting parties to this agreement, so the two agents will sign it. It`s the Biggie! The buy and sell agreement is the real deal for you to buy a home! In Ontario, a real estate transaction must be done in writing to be legal, so it is the most important legal document that defines the terms of your offer to purchase. There is a version of the home purchase form (form 100) and a version for condos (form 101). The main unseprinted parts of the sales and sale agreement are: Ontario`s real estate customer service contract is signed if a buyer decides that he or she does not want to be a customer or sign the buyer`s replacement agreement, and still needs the assistance of an agent (often for the creation of papers). This is a non-exclusive agreement, i.e. the buyer has no obligation for the agent to go beyond what is described in the form (. B, for example, a specific property for a fixed period of time). The after-sales service contract confirms that the buyer recognizes that the representative does not represent the buyer`s interests.

Like the BRA, it has a deadline and understands the commission that the agent is paid. The schedules attached to the purchase and sale contract are part of the agreement and are adapted by the agents. Generally: If a buyer representation contract (BRA) – OREA Form 300 with real estate type (Use) was signed as a single Family Home/Condo and I am now looking for a townhouse or a semi-detached house or a detached house, I can sign another contract with another agent for the new requirement, during the duration of the old contract. . Calendar – Disposal of the purchase and sale contract . . Commercial tenant – Request and credit information . Calendar – Listing Agreement – Authority for offer for sale . . Seller sold under sales power to be used in conjunction with the orEA agreement of purchase and sale forms. Option Commission Agreement – Used in conjunction with FORM 103 of the OREA.

. In addition to the WWR form, you are invited to sign one of the 2 documents that define your relationship: . Disclosure of benefits/payments to tax filer – Finders Fees, Rewards, Referral Fees, Incentives Seller Property Information Statement – Important Information for Sellers There are many important securities that are part of the purchase or sale of real estate in Ontario. While real estate forms may vary, the Ontario Real Estate Association (OREA) has developed a series of standard forms, often used for the resale of rents and residential and commercial sales; The standard forms are then adapted to the individual situation. Today I will look at each form and explain what they mean. Statement on the declaration of real estate sellers – housing . . Disclosure of interest by the registrant – acquisition of real estate . Notice on the removal of conditions – option to the sales contract . .

. Examples of what can and cannot happen in the context of a customer service relationship: the buyer`s service agreement – To be used if the buyer is not represented by the brokerage.