documents to sign
Exclusive Buyers Agent Contract
A Buyer can specifically contract with an agent to provide representation. This type of express contract is called an Exclusive Agency Agreement.
Under this type of agreement, the Buyer typically appoints the Agent as the Buyers ‘only representative’ to help find and negotiate the purchase of a suitable property.
Working With A Realtor
In British Columbia, Real Estate Brokers and their Salespersons are required to disclose the type of working relationship they have with the Buyers and Sellers in a Real Estate Transaction.
Buyer’s Agent and Seller’s Agent Relationships are commonly referred to as "Agency Relationships" and carry with them legal duties and responsibilities for the Agent and the Brokerage they represent, as well as for the Buyer and Seller.
Signing the disclosure statement in the brochure merely confirms that we have discussed your agency representation options with you.
Contract of Purchase and Sale
The Contract of Purchase and Sale Form is the basic contract signed by the Buyer and the Seller. It sets out every aspect of the transaction; including purchase price, the terms and conditions, the date that the Buyer will pay for the property and the date that the Buyer will receive the keys, the inclusions and exclusions, the handling of existing tenancies, the deposit and other legal matters as described in the preprinted contract and added clauses.
FINTRAC
Your REALTOR requires 'personal identification information' to comply with the Law. It is the Federal Proceeds of Crime (Money Laundering) and Terrorist ACT (PCMLTFA) that requries financial insitutions and Real Estate Agents, among other professionals and services covered by the Legislation, to identify customers who conduct Financial Transactions.
These include depositing funds or buying and selling Real Estate. The Act also requires Real Estate Agents and Brokerages to keep these indetification records for 5 Years.
