documents to sign
Listing Contract
A Listing Agreement is a contract between the vendor and a real estate agent that outlines the terms and conditions of their relationship.
The agent promises to try to find a buyer and the vendor promises to pay a stated amount of commission if the agent is successful. There are three common types of listings: Exclusive, Multiple Listings, and Open Listings.
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.
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.
Property Condition Disclosure Statement (PCDS)
Most Owner Occupied properties listed on MLS are accompanied by this form which is filled out and signed by the Seller. The Seller indicates his/her knowledge of various aspects of the property, defects of which he/she is aware, and/or any upcoming expenses (as in special assessments in strata titled properties), etc. .
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.
