When buying real estate you will quickly find out that there is an awful lot of paperwork involved. Many of these forms could be brand new to you or you maybe haven’t seen them for years. I have included blank copies of the most commonly used forms when buying a property. Please feel free to open them up and review before the time comes for us to fill them in and go over them in detail.
FINTRAC: This form is for the Buyer to provide personal identification to fulfill legal requirements, for a transaction to take place.
Working With A Realtor: This form outlines the services provided by the Realtor to the Buyer, and includes some different scenarios commonly encountered with respect to agency relationships.
Buyer Representation Agreement: This form sets out the parties to the Agreement between the Buyers and the Realtor, explaining the scope of the representation and any compensation agreed upon.
Confirmation of Co-operation and Representation: This form outlines the arrangement between the two real estate companies and the extent of their cooperation with one another for the purpose of ensuring the clients are treated fairly and ethically during the transaction.
Agreement of Purchase and Sale-Freehold: A comprehensive document setting out the parties involved, describing the particulars of the real estate transaction, and stipulating the terms and conditions of the sale.
Agreement of Purchase and Sale-Condo: A comprehensive document setting out the parties involved, describing the particulars of the real estate transaction, and stipulating the terms and conditions of the sale.
Notice of Fulfillment of Condition: If your offer is conditional this form notifies the parties to a transaction that conditions have been satisfied, so a deal can proceed towards closing.
Please remember that these forms, which are designed by the Ontario Real Estate Association, do change slightly over time – new versions are usually released at least annually in compliance with new legislation. If you have any questions about what the forms mean in plain English, please contact me!