Fillable Selling Kit Single Family Designated Buyer Agency

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Selling Kit Single Family Designated Buyer Agency

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REALTOR USE ONLY
24April2017
Your Name
First Name Last Name
Your Oce Date of Oer
Phone Email
Listing Realtors Info
First Name Last Name
Listing Brokerage
Seller Details
MLS # me
Seller 1 – Name
Seller 2 – Name
Unit # Address
City Province Postal Code
Phone Email
Is Seller a resident of Canada? Yes No
Property Address Same as Seller’s Address, or
Unit # Address
City Province Postal Code
Buyer Details
Buyer 1 – Name
Buyer’s Occupation Buyer’s Birthday
Buyer 2 – Name
Buyer’s Occupation Buyer’s Birthday
Unit # Address
City Province Postal Code
Phone Email
Selling Kit
|
Single Family Designated Buyer Agency
This page is not part of the contract and does not need to print. Completing this page serves to add the same information to all other pages where required.
Westmar Fast Fill Form
Macdonald Realty Westmar
604-279-9822
B.C.
.
REALTOR USE ONLY
Property Details
PID #
Legal Description
Purchase Price Deposit
Terms of Deposit
Deposit Held By
Completion Details
Completion Date yr
Possession Date yr
Adjustment Date yr
Included Items
Excluded Items
Offer Details
Date Property Viewed yr me
Oer Open Until: Time Date yr
Selling Agent’s Portion of Commission
Disclosure of Remuneration: Use attached form or MLXchange print out.
FINTRAC Go to FINTRAC page and complete ID information. Conditions Go to Subjects page and complete balance of Contract.
Selling Kit
|
Single Family Designated Buyer Agency
This page is not part of the contract and does not to print. Completing this page serves to add the same information to all other pages where required.
24April2017
Westmar Fast Fill Form
0
.
®
WEBForms Sep/2019
p.1 of 2
Real estate professionals have a regulatory requirement to present you with this
consumer information before providing services to you.
This information explains the different relationships you can have with a real estate
professional to buy, sell or lease property. Before you disclose confidential information
to a real estate professional regarding a real estate transaction, you should understand
what type of business relationship you have with that individual.
The Real Estate Council of BC regulates real estate professionals to protect consumers. Visit us online for information on real estate transactions,
ask us a question, file a complaint or an anonymous tip. 1.877.683.9664
|
anonymous tipline: 1.833.420.2400
|
info
@
recbc.ca
|
www.recbc.ca
(rev 9/2019)
You can work with a real estate professional in one of the following ways:
As a client
If you are the client of a real estate professional, they work on your
behalf. The real estate professional representing you has special legal
duties to you, including:
Loyalty. They will act only in your best interests.
Full disclosure. They must tell you everything they know that
might influence your decision in a transaction.
Avoid conflicts of interest. They must avoid any situation
that would affect their duty to act in your best interests.
Confidentiality. They must not reveal your private information
without your permission, even after your relationship ends. That
includes:
• your reasons for buying, selling or leasing
• your minimum/maximum price
• any preferred terms and conditions you may
want to include in a contract
When you become a client, you may be asked to sign a written
agreement setting out your and the real estate professional’s
responsibilities.
As a non-client
A real estate professional who is not representing you as a
client does not owe you special legal duties:
No loyalty. They may be representing a client with
competing interests to yours in a transaction. They
must be loyal to their client, not you.
No duty of full disclosure. They do not have a duty
to give you all relevant information.
No duty to avoid conflicts. They are not acting in
your interests.
No confidentiality. They must share any information
you tell them with their clients in a transaction.
As a non-client, a real estate professional may give you only
limited services.
Whenever a real estate professional works with
you in a real estate transaction, whether you are
their client or not, they have a responsibility to
act honestly and with reasonable care and skill.
Your Relationship with
a Real Estate Professional
The Real Estate Council of BC is the
legislated regulatory agency that works to
ensure real estate professionals have the
skills and knowledge to provide you with a
high standard of service. All real estate
professionals must follow rules that help
protect consumers, like you.
We’re here to help you understand your rights
as a real estate consumer.
Keep this information
page for your reference
and scan the QR code or
visit recbc.ca for more
information about real
estate transactions.
®
WEBForms Sep/2019
Real Estate Professional Disclosure Details
I disclose that I am (check one):
□ representing you as my client
□ not representing you as a client
Name
Team name and members. The duties of a real estate professional as outlined in this form apply to all team members.
Brokerage
Signature Date
Notes:
Consumer Acknowledgment
This is NOT a contract
I acknowledge that I have received the Your Relationship with a Real Estate Professional consumer information page and this disclosure form.
Name (optional) Name (optional)
Initials (optional) Date Initials (optional) Date
p.2 of 2
The Real Estate Council of BC regulates real estate professionals to protect consumers. Visit us online for information on real estate transactions,
ask us a question, file a complaint or an anonymous tip. 1.877.683.9664
|
anonymous tipline: 1.833.420.2400
|
info
@
recbc.ca
|
www.recbc.ca
(rev 9/2019)
A COPY OF THIS DISCLOSURE IS NOT REQUIRED TO BE PROVIDED TO THE REAL ESTATE COUNCIL OF BC UNLESS IT IS SPECIFICALLY REQUESTED.
disclosure of representation in trading services
This is a required disclosure form in compliance with section 5-10 of the Rules under the Real Estate Services Act. Your real estate professional
must present the Your Relationship with a Real Estate Professional information page to you along with this disclosure form.
Your Relationship
with a Real Estate Professional
Brokerage Policy: Once this form has been presented & signed
by the consumer it must be submitted to the Brokerage in a
timely manner.
Macdonald Realty Westmar
To help you sell, buy or lease real estate, REALTORS
®
, brokerages
and real estate boards need to collect, use and disclose some of your
personal information. This form provides you with information about, and
obtains your consent to, such information handling practices.
DEFINITIONS
Personal Information 

may include information about your property (such as listing and selling
price, lease rate, listing term, etc.).
A REALTOR
®
is a member of a real estate board, the British Columbia
Real Estate Association (BCREA) and of The Canadian Real Estate
Association (CREA). REALTORS
®
in BC are licensed under the Real
Estate Services Act. Brokerage refers to the real estate company where
your REALTOR
®
is licensed. The boards are British Columbia real
estate boards that are members of BCREA. REALTORS
®
provide MLS
®

of real estate as part of a co-operative selling system, otherwise known as
an MLS
®
System. A MLS
®
System is a member-to-member cooperative
selling system for the purchase, sale or lease of real estate that is owned
or controlled by a board, includes an inventory of listings of participating
REALTORS
®
, and ensures a certain level of accuracy of information,
professionalism, and cooperation amongst REALTOR
®
members.
How is my personal information collected?
Most personal information will be collected directly from you through the

         
Disclosure Statement) and through discussions you have with the
REALTOR
®
to whom you are giving this consent. Some information may
be collected from other sources such as government departments and

and mortgage brokers.
To whom may my personal information be disclosed?
Your information may be disclosed to (or may be accessible by) the
       
®
and their
      
legal advisors, service providers, BCREA, the Real Estate Council of
British Columbia (RECBC), CREA and members of the public, for the
purposes described below.
Not all of your information will be accessible to each of the above-
mentioned entities. For example, once the listing term has ended, the
general public will not have access to your information, unless it is
otherwise available through public registries or publications (e.g., Land

Why is my personal information collected, used and disclosed?
Your personal information may be collected, used and disclosed for some
or all of the primary uses set out below.
1a) To list/market your property on the MLS
®
System in accordance with
the terms and conditions of the MLS
®
System and the boards.
1b) To allow members of real estate boards (including REALTORS
®
and
appraisers) to value your property.
1c) To market your property through any other media (both print and
electronic).
1d) To help you locate a suitable property to buy or lease.
1e) To facilitate the purchase and sale or lease transaction both before
and after the completion of your transaction or entering into of
       
legal advisors, government departments and agencies and third
parties engaged in connection with the purchase and sale or lease
transaction, such as photographers, appraisers and other service
providers, and by communicating with you to coordinate any of the
foregoing or to ensure your satisfaction with any of the foregoing
and the real estate services provided to you in connection with the
transaction).
1f) To allow the boards (including REALTORS
®
) to compile current and
historical statistics on sales and property prices and lease rates,
and to conduct comparative market analyses. Information about
your property will be retained in the MLS
®
System and handled
          
published by the boards from time to time for these purposes after
your property has sold or leased or your listing has expired (if you
are a seller/landlord) and after you have purchased or leased your
property (if you are a buyer/tenant).
1g) To enforce codes of professional conduct and ethics for REALTORS
®
(by cooperating with the boards, BCREA, RECBC, CREA and other
regulatory bodies).
1h) To comply with legal requirements and to act pursuant to legal
authorizations.
The above-mentioned primary uses are a necessary part of your
relationship with the REALTOR
®
to whom you are giving this consent.
Will my personal information be collected, used and disclosed for
any other purposes?
Your personal information may also be collected, used and disclosed for
the secondary uses set out below. These secondary uses are optional.
If you do not want your personal information used or disclosed for any
of these secondary uses, you may opt out of granting consent to any
of them by initialing the “Opt Out” box(es) to the right of the secondary
use(s) to which you do not want to consent.
2a) The REALTOR
®
to whom you are giving this consent (or
their brokerage) may communicate with you in the future
to determine whether you require additional real estate
services.
2b) The REALTOR
®
to whom you are giving this consent (or
their brokerage) may communicate with you to provide
information about other products or services that may
interest you.
2c) Other REALTORS
®
may communicate with you to
determine if you require additional real estate services.
2d) The boards, and other REALTORS
®
or their

communicate with you to participate in surveys.
You may withdraw your consent to any or all of the secondary uses in the
future by contacting the REALTOR
®
to whom you are giving this consent
or that REALTOR
®

Contact information for all boards can be obtained from BCREA (website
www.bcrea.bc.ca or telephone 604.683.7702).
ACKNOWLEDGEMENT
I/We consent to the collection, use and disclosure of personal information
as described in this Privacy Notice and Consent form.
BC 1008-F REV. JULY 2019 COPYRIGHT
PRIVACY NOTICE AND CONSENT
Opt Out
(Initials)
____________________________________________________
PRINT NAME
____________________________________________________
SIGNATURE
____________________________________________________
DATE
____________________________________________________
PRINT NAME
____________________________________________________
SIGNATURE
____________________________________________________
DATE
____________________________________________________
REALTOR
®
____________________________________________________
BROKERAGE
®
WEBForms Aug/2019
Macdonald Realty Westmar
*PREC represents Personal Real Estate Corporation
Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).
BC2074
SEPT 2020 COPYRIGHT BC REAL ESTATE ASSOCIATION
© 2020, British Columbia Real Estate Association (“BCREA”). All rights reserved. This form was developed by BCREA for the use and reproduction by BC REALTORS® and other
parties authorized in writing by BCREA. Any other use or reproduction is prohibited except with prior written consent of BCREA. This form is not to be altered when printing or
reproducing the standard pre-set portion. BCREA bears no liability for your use of this form.
BCREA Individual Identification Information Record
THIS FORM IS ONLY TO BE USED FOR FACE TO FACE MEETIN
GS WI
TH LOW RISK INDIVIDUALS
If the person being identified is not an individual or is a Medium Risk or High Risk individual, this form should not be used.
TRANSACTION PROPERTY ADDRESS:
DATE OF VERIFICATION:
REALTOR®/BROKERAGE:
PURPOSE OF RELATIONSHIP WITH INDIVIDUAL:
 Residential Property  Residential Property for Income Purposes
 Commercial Property  Land for Commercial Use  Other, please specify:
FULL LEGAL NAME:
ADDRESS:
Cannot be a Post Office Box
DATE OF BIRTH:
PRINC
IPAL
BUSINESS OR
OCCUPATION:
Use exact title, not a generic
descriptor like business person or
self-employed
IDENTIFICATION NUMBER:
IDENTIFICATION TYPE:
EXPIRY DATE:
ISSUING JURISDICTION:
ADDITIONAL INFORMATION:
1. Are any parties to the transaction acting on
behalf
of a third party?
3. Do you suspect that any parties to the
t
ransa
ction are acting on behalf of a third
party?
Yes No
Yes No
2. When asked, did the person say they
were a
cting on behalf of a third party?
4. Are any third parties providing deposit
funds?
Y
es No
Yes No
I
f you
answered “Yes” to any of the above questions, you must also identify and complete this form for all such third parties.
If your brokerage conducts two or more activities with the same individual, where they act as an agent in respect of
the purchase and sale of real estate or where the law otherwise requires the client to be identified in a five-year
period, the brokerage is deemed to have a “business relationship” with that individual. For the purposes of the
Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Regulations, having a “business
relationship” gives rise to heightened monitoring and record keeping responsibilities of that relationship.
If you have any questions with respect to this form,
the
measures you should take to verify the identity of non-clients or the classification of
an individual as low risk, or if you determine that your clients are medium risk or high risk, you should contact your managing broker or
compliance officer, as applicable, and/or consult your brokerage’s policies and procedures before continuing or agreeing to represent the
client. You should also contact your managing broker or compliance officer, and/or consult your brokerage’s policies and procedures
before continuing or agreeing to represent the client if your client is not an individual, if you have questions about the consequences of
entering into a “business relationship” with an individual, or if you answered “Yes” to any of the questions above.
Macdonald Realty Westmar
Individual Identification Information Record
NOTE: An Individual Identification Information Record is required by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. This Record must be
completed by the REALTOR
®
member whenever they act in respect to the purchase or sale of real estate.
It is recommended that the Individual Identification Information Record be completed:
(i) for a buyer when the offer is submitted and/or a deposit made, and
(ii) for a seller when the seller accepts the offer.
Transaction Property Address: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sales Representative/Broker Name: ................................................................................
Date Information Verified/Credit File Consulted: ......................................................................
A. Verification of Individual
NOTE: One of Section A.1, A.2. or A.3 must be completed for your individual clients or unrepresented individuals that are not clients, but are parties to the transaction
(e.g. unrepresented buyer or seller) . Where you are unable to identify an unrepresented individual, complete section A.4 and consider sending a Suspicious
Transaction Report to FINTRAC if there are reasonable grounds to suspect that the transaction involves the proceeds of crime or terrorist activity. Where you are
using an agent or mandatary to verify the identity of an individual, see procedure described in CREA’s materials on REALTOR Link
®
.
A.2 Credit File
1. Name of Canadian Credit Bureau Holding the Credit File: ............................................................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Reference Number of Credit File: .................................................................................
Ascertain the individual’s identity by comparing the individual to their photo ID. The individual must be physically present.
1. Type of Identification Document
*
: .................................................................................
2. Document Identifier Number: ....................................................................................
4. Document Expiry Date:..........................................................................................
1. Full legal name of individual: .....................................................................................
2. Address: ......................................................................................................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Date of Birth: ..................................................................................................
4. Nature of Principal Business or Occupation: .......................................................................
3. Issuing Jurisdiction: ................................................ Country: ...................................
A.1 Federal/Provincial/Territorial Government-Issued Photo ID
A.3 Dual ID Process Method
{Name of Source: ......................................................................................
{Account Number**: ...................................................................................
{Name of Source: ......................................................................................
{Account Number**: ...................................................................................
{Name of Source: ......................................................................................
{Financial Account Type:................................................................................
{Account Number**: ...................................................................................
(must view the original and have a photo, see CREA’s FINTRAC materials on REALTOR Link® for examples)
(insert applicable Province, Territory, Foreign Jurisdiction or “Canada”)
(must be valid and not expired)
Ascertain the individual’s identity by comparing the individual’s name, date of birth and address information above to information in a Canadian credit file
that has been in existence for at least three years. If any of the information does not match, you will need to use another method to ascertain client identity.
Consult the credit file at the time you ascertain the individual’s identity. The individual does not need to be physically present.
1. Complete two of the following three checkboxes by ascertaining the individual’s identity by referring to information in two independent, reliable, sources. Each
source must be well known and reputable (e.g., federal, provincial, territorial and municipal levels of government, crown corporations, financial entities or utility
providers). Any document must be an original paper or original electronic document (e.g., the individual can email you electronic documents downloaded from a
website). Documents cannot be photocopied, faxed or digitally scanned. The individual does not need to be physically present.
(must be valid and not expired; must be recent if no expiry date)
(must be valid and not expired; must be recent if no expiry date)
Verify the individuals’ name and confirm a financial account*
*See CREA’s FINTRAC materials on REALTOR Link® for examples. ** Or reference number if there is no account number.
Verify the individual’s name and address by referring to a document or source containing the individual’s name and address*
Verify the individual’s name and date of birth by referring to a document or source containing the individual’s name and date of birth*
This document has been prepared by The Canadian Real Estate Association (“CREA”) to assist members in complying with requirements of
Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations.
The REALTOR
®
trademark is controlled by CREA. © 2014-2019.
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5. Source of Funds: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B.C.
Macdonald Realty Westmar
Individual Identification Information Record
This document has been prepared by The Canadian Real Estate Association (“CREA”) to assist members in complying with requirements of
Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations.
The REALTOR
®
trademark is controlled by CREA. © 2014-2019.
B.1 Third Party Reasonable Measures
Where you cannot determine whether there is a third party or there is no third party, complete this section.
B.2 Third Party Record
Where there is a third party, complete this section.
A.4 Unrepresented Individual Reasonable Measures Record (if applicable)
1. Measures taken to Ascertain Identity (check one):
Is the transaction being conducted on behalf of a third party according to the client? (check one):
2. Reasons why measures were unsuccesful (check one):
Date on which above measures taken:........................................................................
Unrepresented individual did not provide information
Other, explain: ..........................................................................................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B. Verification of Third Parties
NOTE: Only complete Section B for your clients. Complete this section of the form to indicate whether a client is acting on behalf of a third
party. Either B.1 or B.2 must be completed.
1. Name of third party: ............................................................................................
2. Address: ......................................................................................................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Date of Birth (if applicable):.......................................................................................
4. Nature of Principal Business or Occupation: .......................................................................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Incorporation number and place of issue (if applicable): .............................................................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. Relationship between third party and client: .......................................................................
Only complete this section when you are unable to ascertain the identity of an unrepresented individual.
Asked unrepresented individual for information to ascertain their identity
Other, explain: ..........................................................................................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Asked if client was acting on behalf of a third party
Other, explain: ............................................................................................
Client did not provide information
Other, explain: ............................................................................................
No
Yes, explain:..............................................................................................
Yes
No
Measures taken (check one):
Reason why measures were unsuccessful (check one):
Indicate whether there are any other grounds to suspect a third party (check one):
Date on which above measures taken:...............................................................................
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Individual Identification Information Record
C. Client Risk (ask your Compliance Officer if this section is applicable)
Determine the level of risk of a money laundering or terrorist financing offence for this client by determining the appropriate cluster of client in
your policies and procedures manual this client falls into and checking one of the checkboxes below:
Low Risk
Canadian Citizen or Resident Physically Present
Canadian Citizen or Resident Not Physically Present
Canadian Citizen or Resident – High Crime Area – No Other Higher Risk Factors Evident
Foreign Citizen or Resident that does not Operate in a High Risk Country (physically present or not)
Other, explain:
NOTE: Only complete Sections C and D for your clients.
Medium Risk
Explain:
High Risk
Foreign Citizen or Resident that operates in a High Risk Country (physically present or not)
Other, explain:
If you determined that the client’s risk was high, tell your brokerage’s Compliance Officer. They will want to consider this when
conducting the overall brokerage risk assessment, which occurs every two years. It will also be relevant in completing Section
D below. Note that your brokerage may have developed other clusters not listed above. If no cluster is appropriate, the agent
will need to provide a risk assessment of the client, and explain their assessment, in the relevant space above.
This document has been prepared by The Canadian Real Estate Association (“CREA”) to assist members in complying with requirements of
Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations.
The REALTOR
®
trademark is controlled by CREA. © 2014-2019.
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of 4
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(Explain reasons for Low Risk here)
(Explain reasons for Medium Risk here)
(Explain reasons for High Risk here - For example, if Foreign Citizen, indicate which Country the individual is from and
how do you know this individual, occupation, etc.)
Individual Identification Information Record
This document has been prepared by The Canadian Real Estate Association (“CREA”) to assist members in complying with requirements of
Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations.
The REALTOR
®
trademark is controlled by CREA. © 2014-2019.
D. Business Relationship
(ask your Compliance Officer when this section is applicable)
D.1. Purpose and Intended Nature of the Business Relationship
Check the appropriate boxes.
Acting as an agent for the purchase or sale of:
Residential property Residential property for income purposes
Commercial property Land for Commercial Use
Other, please specify: ..................................................................................
D.2. Measures Taken to Monitor Business Relationship and Keep Client Information Up-To-Date
D.2.1. Ask the Client if their name, address or principal business or occupation has changed and if it has include the updated
information on page one.
D.2.2 Keep all relevant correspondence with the client on file in order to maintain a record of the information you have used to monitor
the business relationship with the client. Optional - if you have taken measures beyond simply keeping correspondence on file, specify
them here:
D.2.3. If the client is high risk you must conduct enhanced measures to monitor the brokerage’s business relationship and keep their
client information up to date. Optional - consult your Compliance Officer and document what enhanced measures you have applied:
D.3 Suspicious Transactions
Don’t forget, if you see something suspicious during the transaction report it to your Compliance Officer. Consult your policies and
procedures manual for more information.
E. Terrorist Property Reports
Don’t forget to follow your brokerage’s procedures with respect to terrorist property reports. Consult your policies and procedures
manual for more information.
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BC 2075 REV. SEPT 2020 COPYRIGHT BC REAL ESTATE ASSOCIATION AND CANADIAN BAR ASSOCIATION (BC BRANCH)
© 2020, British Columbia Real Estate Association (“BCREA”). All rights reserved. This form was developed by BCREA for the use and reproduction by BC REALTORS® and other parties authorized in writing
by BCREA. Any other use or reproduction is prohibited except with prior written consent of BCREA. This form is not to be altered when printing or reproducing the standard pre-set portion. BCREA bears no
liability for your use of this form.
CONTRACT OF PURCHASE AND SALE
INFORMATION ABOUT THIS CONTRACT
THIS INFORMATION IS INCLUDED FOR THE ASSISTANCE OF THE PARTIES ONLY. IT DOES NOT FORM PART OF THE CONTRACT AND SHOULD NOT
AFFECT THE PROPER INTERPRETATION OF ANY OF ITS TERMS.
1. CONTRACT: This document, when signed by both parties, is a legally binding contract. READ IT CAREFULLY. The parties should ensure that everything that is
agreed to is in writing.
2. DEPOSIT(S): Section 28 of the Real Estate Services Act requires that money held by a brokerage in respect of a real estate transaction for which there is an
agreement between the parties for the acquisition and disposition of the real estate be held by the brokerage as a stakeholder. The money is held for the real estate
transaction and not on behalf of one of the parties. If a party does not remove a subject clause, the brokerage requires the written agreement of both parties in order
to release the deposit. If both parties do not sign the agreement to release the deposit, then the parties will have to apply to court for a determination of the deposit
issue.
3. COMPLETION: (Section 4) Unless the parties are prepared to actually meet at the Land Title Office and exchange title documents for the Purchase Price, it is, in
every case, advisable for the completion of the sale to take place in the following sequence:
(a)
The Buyer pays the Purchase Price or down payment in trust to the Buyer’s Lawyer or Notary (who should advise the Buyer of the exact amount required)
several days before the Completion Date and the Buyer signs the documents.
(b)
The Buyer’s Lawyer or Notary prepares the documents and forwards them for signature to the Seller’s Lawyer or Notary who returns the documents to the
Buyer’s Lawyer or Notary.
(c)
The Buyer’s Lawyer or Notary then attends to the deposit of the signed title documents (and any mortgages) in the appropriate Land Title Office.
(d)
The Buyer’s Lawyer or Notary releases the sale proceeds at the Buyer’s Lawyer’s or Notary’s office.
Since the Seller is entitled to the Seller’s proceeds on the Completion Date, and since the sequence described above takes a day or more, it is strongly
recommended that the Buyer deposits the money and the signed documents AT LEAST TWO DAYS before the Completion Date, or at the request of the
Conveyancer, and that the Seller delivers the signed transfer documents no later than the morning of the day before the Completion Date.
While it is possible to have a Saturday Completion Date using the Land Title Office’s Electronic Filing System, parties are strongly encouraged NOT to schedule
a Saturday Completion Date as it will restrict their access to fewer lawyers or notaries who operate on Saturdays; lenders will generally not fund new mortgages
on Saturdays; lenders with existing mortgages may not accept payouts on Saturdays; and other offices necessary as part of the closing process may not be open.
4. POSSESSION: (Section 5) the Buyer should make arrangements through the REALTOR® for obtaining possession. The Seller will not generally let the Buyer
move in before the Seller has actually received the sale proceeds. Where residential tenants are involved, Buyers and Sellers should consult the Residential
Tenancy Act.
5. TITLE: (Section 9) It is up to the Buyer to satisfy the Buyer on matters of zoning or building or use restrictions, toxic or environmental hazards, encroachments
on or by the Property and any encumbrances which are staying on title before becoming legally bound. It is up to the Seller to specify in the Contract if there are
any encumbrances, other than those listed in Section 9, which are staying on title before becoming legally bound. If you as the Buyer are taking out a mortgage,
make sure that title, zoning and building restrictions are all acceptable to your mortgage company. In certain circumstances, the mortgage company could refuse
to advance funds. If you as the seller are allowing the Buyer to assume your mortgage, you may still be responsible for payment of the mortgage, unless
arrangements are made with your mortgage company.
6. CUSTOMARY COSTS: (Section 15) In particular circumstances there may be additional costs, but the following costs are applicable in most circumstances:
Costs to be Borne by the Seller Costs to be Borne by the Buyer
L
awyer
or Notary Fees and Expenses:
L
awyer
or Notary Fees and Expenses:
-
a
pprai
sal (if applicable)
- attending to execution documents. - searching title, - Land Title Registration fees.
Costs of clearing title, including: - investigating title, - drafting documents. Fire Insurance Premium.
- discharge fees charged by Land Title Registration fees. Sales Tax (if applicable).
encumbrance holders, Survey Certificate (if required). Property Transfer Tax.
- prepayment penalties. Costs of Mortgage, including: Goods and Services Tax (if applicable).
Real Estate Commission (plus GST). - mortgage company’s Lawyer/Notary.
Goods and Services Tax (if applicable).
In addition to the above costs there maybe financial adjustments between the Seller and the Buyer pursuant to Section 6 and additional taxes payable
by one or more of the parties in respect of the Property or the transaction contemplated hereby (e.g. empty home tax and speculation tax).
7. CLOSING MATTERS: The closing documents referred to in Sections 11, 11A and 11B of this Contract will, in most cases, be prepared by the Buyer’s Lawyer or
Notary and provided to the Seller’s Lawyer or Notary for review and approval. Once settled, the lawyers/notaries will arrange for execution by the parties and
delivery on or prior to the Completion Date. The matters addressed in the closing documents referred to in Sections 11A and 11B will assist the lawyers/notaries
as they finalize and attend to various closing matters arising in connection with the purchase and sale contemplated by this Contract.
8. RISK: (Section 16) The Buyer should arrange for insurance to be effective as of 12:01 am the Completion Date.
9. FORM OF CONTRACT: This Contract of Purchase and Sale is designed primarily for the purchase and sale of freehold residences. If your transaction involves:
a house or other building under construction, a lease, a business, an assignment, other special circumstances (including the acquisition of land situated on a First
Nations reserve), additional provisions, not contained in this form, may be needed, and professional advice should be obtained. A Property Disclosure Statement
completed by the Seller may be available.
10. REALTOR
®
Code, Article 11: A REALTOR
®
shall not buy or sell, or attempt to buy or sell an interest in property either directly or indirectly for himself or herself,
any member of his or her Immediate Family, or any entity in which the REALTOR
®
has a financial interest, without making the Realtor’s position known to the
buyer or seller in writing. Section 5-9 of the Rules: If a licensee acquires, directly or indirectly, or disposes of real estate, or if the licensee assists an associate in
acquiring, directly or indirectly, or disposing of real estate, the licensee must make a disclosure in writing to the opposite party before entering into any agreement
for the acquisition or disposition of the real estate.
11. RESIDENCY: When completing their residency and citizenship status, the Buyer and the Seller should confirm their residency and citizenship status and the tax
implications thereof with their Lawyer/Accountant.
12. AGENCY DISCLOSURE: (Section 21) all Realtors with whom the Seller or the Buyer has an agency relationship should be listed. If additional space is required,
list the additional Realtors on a Contract of Purchase and Sale Addendum.
INITIALS
BC 2075 SEPT 2020 COPYRIGHT BC REAL ESTATE ASSOCIATION AND CANADIAN BAR ASSOCIATION (BC BRANCH)
© 2020, British Columbia Real Estate Association (“BCREA”). All rights reserved. This form was developed by BCREA for the use and reproduction by BC REALTORS® and
other parties authorized in writing by BCREA. Any other use or reproduction is prohibited except with prior written consent of BCREA. This form is not to be altered when
printing or reproducing the standard pre-set portion. BCREA bears no liability for your use of this form.
PAGE 1 of PAGES
CONTRACT OF PURCHASE AND SALE
BROKERAGE: DATE:
ADDRESS:
PC:
PHONE:
PREPARED BY: MLS® NO:
SELLE
R:
SELLER:
ADDRESS:
PC:
PHONE:
BUYER:
BUYER:
ADDRESS:
PC:
PHONE:
OCCUPATION:
PROPERTY:
UNIT NO. ADDRESS OF PROPERTY
CITY/TOWN/MUNICIPALITY POSTAL CODE
PID OTHER PID(S)
LEGAL DESCRIPTION
The Buyer agrees to purchase the Property from the Seller on the following terms and subject to the following conditions:
1.
PURCHASE PRICE: The purchase price of the Property will be
DOLLA
RS $ (Purchase Price)
2.
DEPOSIT: A deposit of $ which will form part of the Purchase Price, will be paid within 24 hours of
acceptance unless agreed as follows:
All monies paid pursuant to this section (Deposit) will be paid in accordance with section 10 or by uncertified cheque except
as otherwise set out in this section 2 and will be delivered in trust to
and held in trust in accordance with the provisions of the Real Estate
Services Act. In the event the Buyer fails to pay the Deposit as required by this Contract, the Seller may, at the Seller’s option,
terminate this Contract. The party who receives the Deposit is authorized to pay all or any portion of the Deposit to the Buyer’s
or Seller’s conveyancer (the “Conveyancer”) without further written direction of the Buyer or Seller, provided that: (a) the
Conveyancer is a Lawyer or Notary; (b) such money is to be held in trust by the Conveyancer as stakeholder pursuant to the
provisions of the Real Estate Services Act pending the completion of the transaction and not on behalf of any of the principals
to the transaction; and (c) if the sale does not complete, the money should be returned to such party as stakeholder or paid
into Court.
Macdonald Realty Westmar
203-5188 Westminster Hwy.
Richmond, B.C.
V7C 5S7
604-279-9822
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0
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PR
OPERTY ADDRESS
PAGES
INITIALS
BC 2075 SEPT 2020 COPYRIGHT BC REAL ESTATE ASSOCIATION AND CANADIAN BAR ASSOCIATION (BC BRANCH)
© 2020, British Columbia Real Estate Association (“BCREA”). All rights reserved. This form was developed by BCREA for the use and reproduction by BC REALTORS® and
other parties authorized in writing by BCREA. Any other use or reproduction is prohibited except with prior written consent of BCREA. This form is not to be altered when printing
or reproducing the standard pre-set portion. BCREA bears no liability for your use of this form.
3.
TERMS AND CONDITIONS: The purchase and sale of the Property includes the following terms and is subject to the
following conditions:
PROPERTY DISCLOSURE AND TITLE SEARCH: The Property Disclosure Statement (PDS) dated_____________and
the Title Search will be incorporated into and form part of this Contract.
MEASUREMENTS: The Buyer is satisfied with the size of the dwelling and the property and acknowledges that the
information and measurements regarding the dwelling and property, while thought to be accurate, should not be relied
upon without verification by the Buyer.
ACCESS: The Seller or the listing brokerage will allow access to the property for the purpose of an inspection and/or
appraisal on reasonable notice.
OCCUPANCY: The Seller warrants that an unconditional occupancy permit and/or final inspection has been approved by
the Municipal/City/Regional District Authority.
ILLEGAL SUBSTANCES: The Seller represents and warrants that during the time the Seller has owned the property, the
use of the property and the buildings and structures thereon has not been for the growth or manufacture of any illegal
substances and that to the best of the Seller’s knowledge and belief, the use of the property and the buildings and
structures thereon has never been for the growth or manufacture of illegal substances. This warranty shall survive and not
merge on the completion of this transaction.
OIL STORAGE TANK: The British Columbia Fire Code governs the removal or abandonment of an underground oil
storage tank. If an owner removes an underground oil storage tank, or abandons its place, or temporarily takes it out of
service, the British Columbia Fire Code requires the owner to use good engineering practices. In addition, a local
government, such as a municipality, may also regulate the removal or abandonment of an underground oil storage tank.
The Seller shall warrant that any oil storage tank on the property complies with any provincial or local government laws,
including the British Columbia Fire Code 2006, where applicable. Where the applicable provincial or local government law
requires the removal of such a tank from the property, the Seller shall remove the tank before the Completion Date. The
Seller shall be responsible for all costs associated with compliance, including any additional costs for environmental clean
up and restoration of the property to its original condition. The Seller shall provide to the Buyer on or before the
Completion Date written confirmation from the relevant provincial or local government authority that any oil tank on the
property complies with the provincial or local government law, as the case may be. This warranty shall survive and not
merge on the completion of this transaction.
PROFESSIONAL ADVICE: The Buyer(s) acknowledge the Real Estate Brokerage providing agency and/or no agency
services to the Buyer(s), does not provide professional accounting, legal, property inspection advice or any other expert
advice in matters beyond the common standard of care in the real estate industry. The Buyer(s) have been advised to
seek independent legal and/or financial advice prior to executing this Contract of Purchase and Sale.
INTEREST ON DEPOSITS: With written instructions in the contract, deposits being held in an interest bearing trust
account must be more than $150,000 and for a term of more than 61 days upon receipt by the Brokerage.
SPECULATION AND VACANCY TAX: The Buyer(s) and Seller(s) herein agree that if the property being purchased is in
a City, District or Municipality (Designated taxable region) that assesses a BC Speculation and Vacancy Tax (SVT); such
tax will be the sole obligation of the Seller(s) to pay.
Each condition, if so indicated is for the sole benefit of the party indicated. Unless each condition is waived or declared
fulfilled by written notice given by the benefiting party to the other party on or before the date specified for each condition,
this Contract will be terminated thereupon and the Deposit returnable in accordance with the Real Estate Services Act.
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PR
OPERTY ADDRESS
PAGE 3 of
PAGES
INITIALS
BC 2075 SEPT 2020 COPYRIGHT BC REAL ESTATE ASSOCIATION AND CANADIAN BAR ASSOCIATION (BC BRANCH)
© 2020, British Columbia Real Estate Association (“BCREA”). All rights reserved. This form was developed by BCREA for the use and reproduction by BC REALTORS® and
other parties authorized in writing by BCREA. Any other use or reproduction is prohibited except with prior written consent of BCREA. This form is not to be altered when printing
or reproducing the standard pre-set portion. BCREA bears no liability for your use of this form.
3.
TERMS AND CONDITIONS: The purchase and sale of the Property includes the following terms and is subject to the
following conditions:
BRITISH COLUMBIA PROPERTY TRANSFER TAX: Buyer is aware the Property Transfer Tax calculated is 1%
on the first $200,000, 2% between $200,000 up to and including $2,000,000, 3% between $2,000,000 up to and including
$3,000,000 and 5% on the portion greater than$3,000,000 and is payable by the Buyer(s) on the Completion date unless
the Buyer qualifies for an exception. Additional Property Tax of 20% is applicable for foreign entities and taxable trusties.
TITLE: Subject to the Buyer receiving and approving the title search results against the presence of any charge or other
feature, whether registered or not, that reasonably may adversely affect the property’s use or value. If this condition is
waived or declared fulfilled, the title search result will be incorporated into and form part of this contract and the Buyer
acknowledges and accepts, despite any other provision in this contract, that upon completion the Buyer will receive title
containing any non-financial charge set out in the copy of the title search results that is attached to and forms part of this
contract.
PROPERTY DISCLOSURE: Subject to the Buyer approving the Property Disclosure Statement dated
_______________, _______ with respect to the information that may reasonably adversely affect the use or value of the
property. If approved, such Statement will be incorporated into and form part of this contract.
FINANCING: Subject to a new first mortgage being made available to the Buyer by _________________, _______ in
the amount of $_______________ at an interest rate not to exceed _______% per annum calculated (either half-yearly or
monthly), not in advance, with a ______ year amortization period, _____ year term and repayable in blended payments of
approximately $_____________ per month including principal and interest.
INSPECTION REPORT: Subject to the Buyer, at the Buyer’s expense, obtaining and approving a written inspection
report against any defects whose cumulative cost of repair exceeds $_____________ and which reasonably may
adversely affect the property’s use or value. The Seller or the Listing Brokerage shall arrange, on reasonable notice, for
the purpose of inspection, access to the property.
TAX: Subject to the Buyer(s) obtaining and being satisfied with a professional accountant’s advice regarding the
applicable taxes (ie: BC Speculation and Vacancy Tax, Vancouver Empty Home Tax, Non-Resident Tax) associated with
the purchase of the property as it relates to the buyer(s).
INSURANCE: Subject to the Buyer obtaining approval for fire and property insurance satisfactory to the Buyer.
Above subjects are for the sole benefit of the Buyer(s)
Above subjects to be removed on or before ____o’clock ________ on__________________________ yr ________.
Each condition, if so indicated is for the sole benefit of the party indicated. Unless each condition is waived or declared
fulfilled by written notice given by the benefiting party to the other party on or before the date specified for each condition,
this Contract will be terminated thereupon and the Deposit returnable in accordance with the Real Estate Services Act.
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.
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OPERTY ADDRESS
PAGE 4 of
PAGES
INITIALS
BC 2075 SEPT 2020 COPYRIGHT BC REAL ESTATE ASSOCIATION AND CANADIAN BAR ASSOCIATION (BC BRANCH)
© 2020, British Columbia Real Estate Association (“BCREA”). All rights reserved. This form was developed by BCREA for the use and reproduction by BC REALTORS® and other
parties authorized in writing by BCREA. Any other use or reproduction is prohibited except with prior written consent of BCREA. This form is not to be altered when printing or
reproducing the standard pre-set portion. BCREA bears no liability for your use of this form.
4.
COMPLETION: The sale will be completed on , yr.
(
Completion Date) at the appropriate Land Title Office.
5.
POSSESSION: The Buyer will have vacant possession of the Property at m. on
,
yr. (Possession Date) OR, subject to the following existing tenancies, if any:
6.
ADJUSTMENTS: The Buyer will assume and pay all taxes, rates, local improvement assessments, fuel utilities and other
charges from, and including, the date set for adjustments, and all adjustments both incoming and outgoing of whatsoever
nature will be made as of , yr. (Adjustment Date).
7.
INCLUDED ITEMS: The Purchase Price includes any buildings, improvements, fixtures, appurtenances and attachments
thereto, and all blinds, awnings, screen doors and windows, curtain rods, tracks and valances, fixed mirrors, fixed carpeting,
electric, plumbing, heating and air conditioning fixtures and all appurtenances and attachments thereto as viewed by the Buyer
at the date of inspection, INCLUDING:
BUT EXCLUDING:
8.
VIEWED: The Property and all included items will be in substantially the same condition at the Possession Date as when
viewed by the Buyer on yr. .
9.
TITLE: Free and clear of all encumbrances except subsisting conditions, provisos, restrictions exceptions and reservations,
including royalties, contained in the original grant or contained in any other grant or disposition from the Crown, registered or
pending restrictive covenants and rights-of-way in favour of utilities and public authorities, existing tenancies set out in Section
5, if any, and except as otherwise set out herein.
10.
TENDER: Tender or payment of monies by the Buyer to the Seller will be by certified cheque, bank draft, wire transfer, cash
or Lawyer’s/Notary’s or real estate brokerage’s trust cheque.
11.
DOCUMENTS: All documents required to give effect to this Contract will be delivered in registrable form where necessary and
will be lodged for registration in the appropriate Land Title Office by 4 pm on the Completion Date.
11. A. SELLER’S PARTICULARS AND RESIDENCY: The Seller shall deliver to the Buyer on or before the Completion Date a
statutory declaration of the Seller containing: (1) particulars regarding the Seller that are required to be included in the
Buyer’s Property Transfer Tax Return to be filed in connection with the completion of the transaction contemplated by this
Contract (and the Seller hereby consents to the Buyer inserting such particulars on such return); (2) declarations regarding the
Speculation and Vacancy Tax for residential properties located in jurisdictions where such tax is imposed, if requested by the
Buyer’s Conveyancer, and the Vancouver Vacancy By-Law for residential properties located in the City of Vancouver; and (3)
if the Seller is not a non-resident of Canada as described in the non-residency provisions of the Income Tax Act, confirmation
that the Seller is not then, and on the Completion Date will not be, a non-resident of Canada. If on the Completion Date the
Seller is a non-resident of Canada as described in the residency provisions of the Income Tax Act, the Buyer shall be
entitled to hold back from the Purchase Price the amount provided for under section 116 of the Income Tax Act.
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.
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OPERTY ADDRESS
PAGE 5 of
PAGES
INITIALS
BC 2075 SEPT 2020 COPYRIGHT BC REAL ESTATE ASSOCIATION AND CANADIAN BAR ASSOCIATION (BC BRANCH)
© 2020, British Columbia Real Estate Association (“BCREA”). All rights reserved. This form was developed by BCREA for the use and reproduction by BC REALTORS® and other
parties authorized in writing by BCREA. Any other use or reproduction is prohibited except with prior written consent of BCREA. This form is not to be altered when printing or
reproducing the standard pre-set portion. BCREA bears no liability for your use of this form.
1
1. B. GST CERTIFICATE: If the transaction contemplated by this Contract is exempt from the payment of Goods and
Services Tax (“GST”), the Seller shall execute and deliver to the Buyer on or before the Completion Date, an appropriate GST
exemption certificate to relieve the parties of their obligations to pay, collect and remit GST in respect of the transaction. If the
transaction contemplated by this Contract is not exempt from the payment of GST, the Seller and the Buyer shall execute and
deliver to the other party on or before the Completion Date an appropriate GST certificate in respect of the transaction.
12. TIME: Time will be of the essence hereof, and unless the balance of the cash payment is paid and such formal agreements to pay
the balance as may be necessary is entered into on or before the Completion Date, the Seller may, at the Seller’s option, terminate
this Contract, and, in such event, the amount paid by the Buyer will be non-refundable and absolutely forfeited to the Seller, subject
to the provisions of Section 28 of the Real Estate Services Act, on account of damages, without prejudice to the Seller’s other
remedies.
13. BUYER FINANCING: If the Buyer is relying upon a new mortgage to finance the Purchase Price, the Buyer, while still required
to pay the Purchase Price on the Completion Date, may wait to pay the Purchase Price to the Seller until after the transfer
and new mortgage documents have been lodged for registration in the appropriate Land Title Office, but only if, before such
lodging, the Buyer has: (a) made available for tender to the Seller that portion of the Purchase Price not secured by the new
mortgage, and (b) fulfilled all the new mortgagee’s conditions for funding except lodging the mortgage for registration, and (c)
made available to the Seller, a Lawyer’s or Notary’s undertaking to pay the Purchase Price upon the lodging of the transfer
and new mortgage documents and the advance by the mortgagee of the mortgage proceeds pursuant to the Canadian Bar
Association (BC Branch) (Real Property Section) standard undertakings (the “CBA Standard Undertakings”).
14. CLEARING TITLE: If the Seller has existing financial charges to be cleared from title, the Seller, while still required to clear
such charges, may wait to pay and discharge existing financial charges until immediately after receipt of the Purchase Price,
but in this event, the Seller agrees that payment of the Purchase Price shall be made by the Buyer’s Lawyer or Notary to the
Seller’s Lawyer or Notary, on the CBA Standard Undertakings to pay out and discharge the financial charges, and remit the
balance, if any, to the Seller.
15. COSTS: The Buyer will bear all costs of the conveyance and, if applicable, any costs related to arranging a mortgage and the
Seller will bear all costs of clearing title.
16. RISK: All buildings on the Property and all other items included in the purchase and sale will be, and remain, at the risk of the
Seller until 12:01 am on the Completion Date. After that time, the Property and all included items will be at the risk of the
Buyer.
17. PLURAL: In this Contract, any reference to a party includes that party’s heirs, executors, administrators, successors and
assigns; singular includes plural and masculine includes feminine.
18. REPRESENTATIONS AND WARRANTIES: There are no representations, warranties, guarantees, promises or agreements
other than those set out in this Contract and the representations contained in the Property Disclosure Statement if incorporated
into and forming part of this Contract, all of which will survive the completion of the sale.
19. PERSONAL INFORMATION: The Buyer and the Seller hereby consent to the collection, use and disclosure by the Brokerages
and by the managing broker(s), associate broker(s) and representative(s) of those Brokerages (collectively the
“REALTOR®(s)”) described in Section 21, the real estate boards of which those Brokerages and REALTOR®s are members
and, if the Property is listed on a Multiple Listing Service
®
, the real estate board that operates the Multiple Listing Service
®
, of
personal information about the Buyer and the Seller:
a.
for all purposes consistent with the transaction contemplated herein:
b.
if the Property is listed on a Multiple Listing Service
®
, for the purpose of the compilation, retention and publication by
the real estate board that operates the Multiple Listing Service
®
and other real estate boards of any statistics including
historical Multiple Listing Service
®
data for use by persons authorized to use the Multiple Listing Service
®
of that real
estate board and other real estate boards;
__
7
INITIALS
BC 2075 SEPT 2020 COPYRIGHT BC REAL ESTATE ASSOCIATION AND CANADIAN BAR ASSOCIATION (BC BRANCH)
© 2020, British Columbia Real Estate Association (“BCREA”). All rights reserved. This form was developed by BCREA for the use and reproduction by BC REALTORS® and other
parties authorized in writing by BCREA. Any other use or reproduction is prohibited except with prior written consent of BCREA. This form is not to be altered when printing or
reproducing the standard pre-set portion. BCREA bears no liability for your use of this form.
c. for enforcing codes of professional conduct and ethics for members of real estate boards; and
d.
for the purposes (and to the recipients) described in the British Columbia Real Estate Association’s Privacy Notice and
Consent form.
The personal information provided by the Buyer and Seller may be stored on databases outside Canada, in which case it
would be subject to the laws of the jurisdiction in which it is located.
20. ASSIGNMENT OF REMUNERATION: The Buyer and the Seller agree that the Seller’s authorization and instruction set out in
section 25(C) below is a confirmation of the equitable assignment by the Seller in the Listing Contract and is notice of the
equitable assignment to anyone acting on behalf of the Buyer or Seller.
20A. RESTRICTION ON ASSIGNMENT OF CONTRACT: The Buyer and the Seller agree that this Contract: (a) must not be
assigned without the written consent of the Seller; and (b) the Seller is entitled to any profit resulting from an assignment of the
Contract by the Buyer or any subsequent assignee.
21. AGENCY DISCLOSURE: The Seller and the Buyer acknowledge and confirm as follows (initial appropriate box(es) and complete
details as applicable):
INITIALS
INITIALS
INITIALS
INITIALS
INITIALS
A
. The Seller acknowledges having received, read and understood Real Estate Council of British Columbia
(RECBC) form entitled “Disclosure of Representation in Trading Services” and hereby confirms that the Seller
has an agency relationship with
(Designated Agent(s)/REALTOR®(s))
w
ho is/are licensed in relation to (Brokerage).
B
. The Buyer acknowledges having received, read and understood RECBC form entitled “ Disclosure of
Representation in Trading Services” and hereby confirms that the Buyer has an agency relationship with
(Designated Agent(s)/REALTOR®(s))
w
ho is/a
re licensed in relation to (Brokerage).
C
. The
Seller and the Buyer each acknowledge having received, read and understood RECBC form entitled
“Disclosure of Risks Associated with Dual Agency” and hereby confirm that they each consent to a dual agency
relationship with
(Designated
A
gent(s)/
REALTOR®(s)) who is/are licensed in relation to (Brokerage),
h
aving s
igned a dual agency agreement with such Designated Agent(s)/REALTOR®(s) dated .
D. If
on
ly (A) has been completed, the Buyer acknowledges having received, read and understood RECBC form
“Disclosure of Risks to Unrepresented Parties” from the Seller’s agent listed in (A) and hereby confirms that the
Buyer has no agency relationship.
E. If only (B) has been completed, the Seller acknowledges having received, read and understood RECBC form
“Disclosure of Risks to Unrepresented Parties” from the Buyer’s agent listed in (B) and hereby confirms that the
Seller has no agency relationship.
PROPERTY ADDRESS
PAGE
6
of
PAGES
__
7
N Y
✔
✔
✔
*PREC represents Personal Real Estate Corporation
Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they
provide (MLS®).
BC 2075 REV. SEPT 2020 COPYRIGHT BC REAL ESTATE ASSOCIATION AND CANADIAN BAR ASSOCIATION (BC BRANCH)
© 2020, British Columbia Real Estate Association (“BCREA”). All rights reserved. This form was developed by BCREA for the use and reproduction by BC REALTORS® and other parties
authorized in writing by BCREA. Any other use or reproduction is prohibited except with prior written consent of BCREA. This form is not to be altered when printing or reproducing the
standard pre-set portion. BCREA bears no liability for your use of this form.
22. ACCEPTANCE IRREVOCABLE (Buyer and Seller): The Seller and the Buyer specifically confirm that this Contract of
Purchase and Sale is executed under seal. It is agreed and understood that the Seller’s acceptance is irrevocable, including
without limitation, during the period prior to the date specified for the Buyer to either:
a.
fulfill or waive the terms and conditions herein contained; and/or
b.
exercise any option(s) herein contained.
23. THIS IS A LEGAL DOCUMENT. READ THIS ENTIRE DOCUMENT AND INFORMATION PAGE BEFORE YOU SIGN.
24. OFFER: This offer, or counter-offer, will be open for acceptance until o’clock m. on
, yr. (unless withdrawn in writing with notification to the other party of such revocation prior
to notification of its acceptance), and upon acceptance of the offer, or counter-offer, by accepting in writing and notifying the
other party of such acceptance, there will be a binding Contract of Purchase and Sale on the terms and conditions set forth.
X
WITNESS BUYER PRINT NAME
X
WITNESS BUYER PRINT NAME
If the Buyer is an individual, the Buyer declares that they are a Canadian citizen or a permanent resident as defined in the
Immigration and Refugee Protection Act:
Yes No
INITIALS
INITIALS
25. ACCEPTANCE: The Seller (a) hereby accepts the above offer and agrees to complete the sale upon the terms and conditions
set out above, (b) agrees to pay a commission as per the Listing Contract, and (c) authorizes and instructs the Buyer and anyone
acting on behalf of the Buyer or Seller to pay the commission out of the proceeds of sale and forward copies of the Seller’s
Statement of Adjustments to the Cooperating/Listing Brokerage, as requested forthwith after completion.
Seller’s acceptance is dated , yr.
The S
eller declares their residency:
RESIDENT OF CANADA NON-RESIDENT OF CANADA as defined under the Income Tax Act.
INITIALS INITIALS
X
WITNESS SELLER PRINT NAME
X
WITNESS SELLER PRINT NAME
PROPERTY ADDRESS
PAGE 7 of
P
AGES
__
7
*PREC represents Personal Real Estate Corporation
Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they
provide (MLS®).
BC 2005 REV. SEPT 2020 COPYRIGHT BC REAL ESTATE ASSOCIATION AND CANADIAN BAR ASSOCIATION (BC BRANCH)
@2020, British Columbia Real Estate Association (“BCREA”) and the Canadian Bar Association British Columbia Branch (“CBABC”). All right reserved. This form was developed by BCREA and CBABC for the use and
reproduction by BC REALTORS(r) and members in good standing with the CBABC, and other authorized in writing by BCREA and/or CBABC. Any other use or reproduction is prohibited except with prior written consent of
BCREA and/or CBABC. This form is not to be altered when printing or reproducing the standard pre-set portion. BCREA and CBABC bears no liability for your use of this form.
CONTRACT OF PURCHASE AND SALE ADDENDUM
MLS
®
NO.: DATE:
PAGE 1 of 1 PAGES
RE: ADDRESS ……………………………………………………………………………………………………………………………………….
LEGAL DESCRIPTION
…………………………………………………………………………………………………………………………………………………………..
PID OTHER PID(S)
FURTHER TO THE CONTRACT OF PURCHASE AND SALE DATED ....................................................................................................
MADE BETWEEN ..................................................................................................................................................AS BUYER, AND
...................................................................................................................................................................AS SELLER AND COVERING
THE ABOVE-MENTIONED PROPERTY, THE UNDERSIGNED HEREBY AGREE AS FOLLOWS:
X
WITNESS BUYER PRINT NAME
X
WITNESS BUYER PRINT NAME
X
WITNESS SELLER PRINT NAME
X
WITNESS SELLER PRINT NAME
0
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®
WEBForms Nov/2018
__
Macdonald Realty Westmar
TRADE & FINTRAC REPORT
(RULES, SECTION 8-5) Late charges may apply.
Submit within 48 hrs of acceptance - subject(s) or not, including presales, personal purchases etc.
PROPERTY ADDRESS
(1)_______________ ________________
(2)_______________ ________________
Sale Price $ ______________________________
For New Construction:
Is GST included in the Sale Price?
If “yes”, what is the Net Sale Price? $ _______________________
Deposit Monies:
Are you receiving deposit monies at this time?
If yes: $_______________________
SELLER (Landlord/Assignor) BUYER (Tenant/Assignee)
Buyer #1
(1) Legal Name: ________________________________________________
(2) Address ____________________________________________________
(3) City _______________________________ PC _____________________
(4) Phone _____________________________
(5) Email _____________________________________________________
Buyer #2
(1) Legal Name: ________________________________________________
(2) Address ____________________________________________________
(3) City _______________________________ PC _____________________
(4) Phone _____________________________
(5) Email ____________________________________________________
Double Ender FSBO Dual Agency
(With Agency to (Need copy of (Requires disclosure of
Buyer or Seller only) Fee Agreement) total commission)
Sale Referral Lease Assignment
Final Subject Removal date:______________, yr___
No subjects
Our Seller
(Landlord/Assignor)
Agency provided to Seller
Commission paid by Seller
Y
N
Y
N
Business Relationship (2 or more transactions in 5 yrs)
Seller #1
(1) Legal Name: ________________________________________________
(2) Address ____________________________________________________
(3) City _______________________________ PC _____________________
(4) Phone _____________________________
(5) Email _____________________________________________________
Seller #2
(1) Legal Name: ________________________________________________
(2) Address ____________________________________________________
(3) City _______________________________ PC _____________________
(4) Phone _____________________________
(5) Email ____________________________________________________
First Name Last Name
First Name Last Name
Sales
person(s)
SUBMIT THIS REPORT WITHIN 48 HOURS OF ACCEPTANCE. NO EXCEPTIONS.
If MLS, you must include detailed listing printout from Board: MLS#_________________ Exclusive
Address___________________________________________________ PID ________ - ________ - _______
City _____________________________Province ______________________ Postal Code _________________
Strata Manager _______________________________________________ Phone # _______________________
Legal Description _____________________________________________________________________________
Contract Date: ___________________ , yr_____
Acceptance Date:
___________________ , yr_____
Possession Date:
___________________ , yr_____
Adjustment Date:
___________________ , yr_____
Completion Date:
___________________ , yr_____
Trade & Fintrac Report - Jan2018
Licensee
Initials
Licensee
Initials
Y
N
Our Buyer
(Tenant/Assignee)
Y
Y
N
N
Agency provided to Buyer
Commission paid by Buyer
Business Relationship (2 or more transactions in 5 yrs)
Does the Contract specify that the deposit be placed in an interest bearing account?
(more than $150,000 for a term of more than 61 days upon receipt by the Brokerage)
Y
N
Y
N
Glenn
Temes
■
■
v12345
123
__
3710 Jones Road
0
1
2
3
4
5
6
7
8
Richmond
B.C.
V7C 5S7
Lot 32 Sec 5 B4N R3W NWD 4352436
January 1
Year
December 31
2010
123
__
36
__
Richmond
V7C 5S7
V2R 1Q2
604 222-1111
604 221-3333
Total Commission: ____________________________________________________________________________
Dual agency requires disclosure of total commission to oce (gross commission) which should be written as a percentage, i.e. 7% & 2.5% or agreed xed commission amount
Commission split: Listing ____________________________________%, Selling _________________________________________%
COMMISSION  do not include GST or MLS calculations
SUBJECTS/CONDITIONS
SELLER’S LAWYER/NOTARY _____________________________________
Name of Firm: _________________________________________________
Address
______________________________________________________
City ____________________ Province ______ Postal Code ____________
Phone _________________________ Fax __________________________
BUYER’S LAWYER/NOTARY _____________________________________
Name of Firm: _________________________________________________
Address
______________________________________________________
City ____________________ Province ______ Postal Code ____________
Phone _________________________ Fax __________________________
SELLER’S LAWYERS BUYER’S LAWYER
Trade & Fintrac Report - Jan2018
Whenever a Financing, Inspection and/or Legal Clause is Waived or for all non-subject oers
N
Y
Y
Y
N
N
Inspection clause waiver attached
Financing clause waiver attached
Legal Advice waiver attached
Please enclose one legible copy of all pertinent documents
Licensee
Initials
Licensee
Initials
Page 2 of 3
Listing Portion: $ __________________________________
Listing Agent: __________________________________________
Phone: _______________________________________________
Brokerage: ___________________________________________
Oce: _____________________________________________________
Address
_____________________________ City: __________________
Phone ___________________________ Fax ______________________
Selling Portion: $ __________________________________
Selling Agent: _________________________________________
Phone: _______________________________________________
Brokerage: ___________________________________________
Oce: _____________________________________________________
Address
_____________________________ City: __________________
Phone ___________________________ Fax ______________________
Referral* Co-list Co-sell
*Realtor paying referral: _______________________________
Non-licensee requires SIN# _________ - _________ - ________
Amount: __________________________________________________
Brokerage: ________________________________________________
Name: ____________________________________________________
Address:
____________________________ City: __________________
Phone: ___________________________ Fax: ______________________
If referral, Referral Disclosure attached Direction to Pay a Referral
attached (mandatory)
REFERRAL/COLIST/COSELL INFO
General: Financing Inspection Title Search Property Disclosure
Above subjects to be removed by: ____________________________________________________
Sale of other property by: ___________________________________________________________
Court Approval/Probate by: _______________________________________________________
Strata: Strata Documents by: ______________________________________________________________
Other: _______________________________________________________ by: ______________________
_______________________________________________________ by: ______________________
Referral* Co-list Co-sell
*Realtor paying referral: _______________________________
Non-licensee requires SIN# _________ - _________ - ________
Amount: __________________________________________________
Brokerage: ________________________________________________
Name: ____________________________________________________
Address:
____________________________ City: __________________
Phone: ___________________________ Fax: ______________________
If referral, Referral Disclosure attached Direction to Pay a Referral
attached (mandatory)
REFERRAL/COLIST/COSELL INFO
PREAPPROVED PROGRAM: APPRECIATION GOLD
Macdonald Realty Westmar
Richmond, B.C.
203-5188 Westminster Hwy
Richmond
604-279-9822
604-279-1887
Trade & Fintrac Report - Jan2018
FINTRAC COMPLIANCE REPORT
A. IDENTIFYING A BUYER OR SELLER
B. TERRORIST PROPERTY REPORT
C. SUSPICIOUS TRANSACTION REPORT
SUBMIT THIS REPORT WITHIN 48 HOURS OF ACCEPTANCE. NO EXCEPTIONS.
REALTORS® are responsible for verifying the identity of the buyers and sellers they represent in a real estate transaction, including both individuals and entities. Failure to identify a client for
any reason places the broker in non-compliance with FINTRAC rules. If there are unrepresented buyers or sellers, the REALTOR® representing the other party is responsible for identifying the
unrepresented party and keeping all information on le.
1. Did you complete the CREA Individual or Corporation/Entity Identication Information Record for this transaction?
2. If no, did you “previously” submit a CREA Identication Information Record?
• if you have a “customer“ relationship you must complete pages 1 & 2 of the CREA Identication Information Record
• if you have a “client“ relationship you must complete pages 1 - 3 of the CREA Identication Information Record
• if you have a “business“ relationship you must complete page 1 - 4 of the CREA Identication Information Record
(Business relationship is dened as conducting 2 or more purchase or sale transactions with our brokerage in a 5 year period.)
Y
Y
N
N
If a REALTOR® suspects a client isn’t being honest about their source of funds or their identity and has reasonable grounds to suspect a transaction is related to a money laundering or
terrorist nancing, the REALTOR® must report this to FINTRAC using a Suspicious Transaction Report. The REALTOR® must le this report whether the transaction completes or not. The
REALTOR® must not let the individual know they intend to, or have led a report.
4. Do you have any suspicions about the client?
(If “yes”, you must ll out a Suspicious (Attempted) Transaction Report located at
www.ntrac-canafe.gc.ca/reporting-declaration/form/STR-2008-eng.pdf or from our Extranet (keyword: ntrac).
To le this report electronically, please go to: http://www.ntrac-canafe.gc.ca/publications/guide/guide3A/str-eng.asp
For more information please go to www.ntrac-canafe.gc.ca/msb-esm/reports-declarations/terr-eng.asp
Y
N
Page 3 of 3
FINTRAC requires the compliance of REALTORS® to answer and collect the following information:
DECLARATION
• I conrm that the information obtained from the Buyer/Seller will not be used or shared except as outlined in the Working with a Realtor Brochure
unless additional permission is obtained.
• I conrm that the Individual Identication Information Record is attached (unless previously submitted).
• If I answered “yes” to Question #3 in Section B, I am attaching the required Terrorist Property Report
• If I answered “yes” to Question #4 in Section C, I am attaching the required Suspicious Transaction Report
Information provided by: _____________________________________Date: ___________________, yr________
(Print Name)
Signed: ______________________________________________________________________________________
Every time a REALTOR® identies a client, they should also check the government’s list of known terrorist individuals and entities on the Oce of the Superintendent of Financial Institution
Canada’s website at: www.os-bsif.gc.ca/Eng/-if/amlc-clrpc/atf-fat/Pages/default.aspx
For identication - you must check the list of terrorist individuals and entities
3. Do you suspect the property is owned or controlled by or on behalf of a terrorist or a terrorist group?
(If “yes”, you must ll out the Terrorist Property Report located at:
www.ntrac-canafe.gc.ca/reporting-declaration/form/TPR-2008-eng.pdf or from our Extranet (keyword: ntrac)
Y
N
D. RECEIPT OF FUNDS RECORD
5. Are you receiving deposit monies at this time?
(If yes, you must complete the Receipt of Funds Record)
Y
N
*PREC represents Personal Real Estate Corporation
Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they
provide (MLS®).
BC 2005 REV. SEPT 2020 COPYRIGHT BC REAL ESTATE ASSOCIATION AND CANADIAN BAR ASSOCIATION (BC BRANCH)
@2020, British Columbia Real Estate Association (“BCREA”) and the Canadian Bar Association British Columbia Branch (“CBABC”). All right reserved. This form was developed by BCREA and CBABC for the use and
reproduction by BC REALTORS(r) and members in good standing with the CBABC, and other authorized in writing by BCREA and/or CBABC. Any other use or reproduction is prohibited except with prior written consent of
BCREA and/or CBABC. This form is not to be altered when printing or reproducing the standard pre-set portion. BCREA and CBABC bears no liability for your use of this form.
CONTRACT OF PURCHASE AND SALE ADDENDUM
MLS
®
NO.: DATE:
PAGE __ of __ PAGES
RE: ADDRESS ……………………………………………………………………………………………………………………………………….
LEGAL DESCRIPTION
…………………………………………………………………………………………………………………………………………………………..
PID OTHER PID(S)
FURTHER TO THE CONTRACT OF PURCHASE AND SALE DATED ....................................................................................................
MADE BETWEEN ..................................................................................................................................................AS BUYER, AND
...................................................................................................................................................................AS SELLER AND COVERING
THE ABOVE-MENTIONED PROPERTY, THE UNDERSIGNED HEREBY AGREE AS FOLLOWS:
TO REMOVE OR WAIVE THE FOLLOWING SUBJECTS:
TITLE: Subject to the Buyer receiving and approving the title search results against the presence of any charge or other feature, whether registered
or not, that reasonably may adversely affect the property’s use or value. If this condition is waived or declared fulfilled, the title search result will be
incorporated into and form part of this contract and the Buyer acknowledges and accepts, despite any other provision in this contract, that upon
completion the Buyer will receive title containing any non-financial charge set out in the copy of the title search results that is attached to and forms
part of this contract.
PROPERTY DISCLOSURE: Subject to the Buyer approving the Property Disclosure Statement dated _______________, _______ with respect to
the information that may reasonably adversely affect the use or value of the property. If approved, such Statement will be incorporated into and
form part of this contract.
FINANCING: Subject to a new first mortgage being made available to the Buyer by __________________________, _______ in the amount of
$_________________ at an interest rate not to exceed _______% per annum calculated (either half-yearly or monthly) , not in advance, with a
_______year amortization period, _____year term and repayable in blended payments of approximately $_____________ per month including
principal and interest.
INSPECTION REPORT: Subject to the Buyer, at the Buyer’s expense, obtaining and approving a written inspection report against any defects
whose cumulative cost of repair exceeds $_____________ and which reasonably may adversely affect the property’s use or value. The Seller or
the Listing Brokerage shall arrange, on reasonable notice, for the purpose of inspection, access to the property.
X
WITNESS BUYER PRINT NAME
X
WITNESS BUYER PRINT NAME
X
WITNESS SELLER PRINT NAME
X
WITNESS SELLER PRINT NAME
0
*PREC represents Personal Real Estate Corporation
Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they
provide (MLS®).
BC 2005 REV. SEPT 2020 COPYRIGHT BC REAL ESTATE ASSOCIATION AND CANADIAN BAR ASSOCIATION (BC BRANCH)
@2020, British Columbia Real Estate Association (“BCREA”) and the Canadian Bar Association British Columbia Branch (“CBABC”). All right reserved. This form was developed by BCREA and CBABC for the use and
reproduction by BC REALTORS(r) and members in good standing with the CBABC, and other authorized in writing by BCREA and/or CBABC. Any other use or reproduction is prohibited except with prior written consent of
BCREA and/or CBABC. This form is not to be altered when printing or reproducing the standard pre-set portion. BCREA and CBABC bears no liability for your use of this form.
CONTRACT OF PURCHASE AND SALE ADDENDUM
MLS
®
NO.: DATE:
PAGE __ of __ PAGES
RE: ADDRESS ……………………………………………………………………………………………………………………………………….
LEGAL DESCRIPTION
…………………………………………………………………………………………………………………………………………………………..
PID OTHER PID(S)
FURTHER TO THE CONTRACT OF PURCHASE AND SALE DATED ....................................................................................................
MADE BETWEEN ..................................................................................................................................................AS BUYER, AND
...................................................................................................................................................................AS SELLER AND COVERING
THE ABOVE-MENTIONED PROPERTY, THE UNDERSIGNED HEREBY AGREE AS FOLLOWS:
TO REMOVE OR WAIVE THE FOLLOWING SUBJECTS:
TAX: Subject to the Buyer(s) obtaining and being satisfied with a professional accountant’s advice regarding the applicable taxes (ie: BC
Speculation and Vacancy Tax, Vancouver Empty Home Tax, Non- Resident Tax) associated with the purchase of the property as it relates
to the buyer(s).
INSURANCE: Subject to the Buyer obtaining approval for fire and property insurance satisfactory to the Buyer.
WITNESS BUYER PRINT NAME
X
WITNESS BUYER PRINT NAME
X
WITNESS SELLER PRINT NAME
X
WITNESS SELLER PRINT NAME
The Buyer expects to retain of
The Seller expects to retain of
Appointment of Conveyancer
0
*PREC represents Personal Real Estate Corporation
Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they
provide (MLS®).
BC 2005 REV. SEPT 2020 COPYRIGHT BC REAL ESTATE ASSOCIATION AND CANADIAN BAR ASSOCIATION (BC BRANCH)
@2020, British Columbia Real Estate Association (“BCREA”) and the Canadian Bar Association British Columbia Branch (“CBABC”). All right reserved. This form was developed by BCREA and CBABC for the use and
reproduction by BC REALTORS(r) and members in good standing with the CBABC, and other authorized in writing by BCREA and/or CBABC. Any other use or reproduction is prohibited except with prior written consent of
BCREA and/or CBABC. This form is not to be altered when printing or reproducing the standard pre-set portion. BCREA and CBABC bears no liability for your use of this form.
CONTRACT OF PURCHASE AND SALE ADDENDUM
MLS
®
NO.: DATE:
PAGE __ of __ PAGES
RE: ADDRESS ……………………………………………………………………………………………………………………………………….
LEGAL DESCRIPTION
…………………………………………………………………………………………………………………………………………………………..
PID OTHER PID(S)
FURTHER TO THE CONTRACT OF PURCHASE AND SALE DATED ....................................................................................................
MADE BETWEEN ..................................................................................................................................................AS BUYER, AND
...................................................................................................................................................................AS SELLER AND COVERING
THE ABOVE-MENTIONED PROPERTY, THE UNDERSIGNED HEREBY AGREE AS FOLLOWS:
X
WITNESS BUYER PRINT NAME
X
WITNESS BUYER PRINT NAME
X
WITNESS SELLER PRINT NAME
X
WITNESS SELLER PRINT NAME
0
DEPOSIT MONIES
TRADE & FINTRAC REPORT UPDATE
Required for all Contract Addendums including Subject Removals
Salesperson(s) _______________________________ ______________________________
Completion Date: __________________________, _______
Address of Property: _________________________________________________________
Trade & Fintrac Report Update-Sept2015
THESE QUESTIONS APPLY TO ALL TRANSACTIONS
1. Is this a subject removal?
2. Are all subjects now removed?
3. Is there a date change?
If yes, did you add the following clause to the contract:
“All other terms and conditions remain the same. Time shall remain of the essence.”
4. Is there a price change?
5. Is there a commission change? Referral Added?
If referral, Referral Disclosure attached Direction to Pay a Referral attached (mandatory)
6. Does this addendum add or modify other original terms or conditions of the agreement?
If yes, please outline what changes have been made: ____________________________________________
_________________________________________________________________________________________
7. Have you provided the oce with lawyers/notaries information?
If not, here is the lawyer for my client/customer:
Seller’s Lawyer/Notary _______________________________________ ______________________________
Buyer’s Lawyer/Notary _______________________________________ ______________________________
Name Phone #
Name Phone #
Y
Y
Y
N
N
N
Y
N
Y
N
Y
N
Y
N
Y
I conrm I have received and approved the Trade Record Sheet (our oce computer report)
*If there is a price or commission change you will receive a new Trade Record Sheet which must be reviewed A.S.A.P.
8. Are you receiving deposit monies at this time? *
9. Is there a change involving the deposit? *
10. Does the Contract specify that the deposit be placed in an interest bearing account?
(more than $150,000 and for a term of more than 61 days upon receipt by the Brokerage)
* If you answered “yes” to either of the above questions, you must complete
the attached Fintrac
Compliance Report and the Receipt of Funds Record.
N
Y
N
Y
N
Y
N
Y
N
Information provided by: ____________________________________Date: _____________________, yr_______
(Print Name)
Signed: ______________________________________________________________________________________
N
Y
Glenn
Temes
__
PLEASE COMPLETE IF YOU ARE RECEIVING DEPOSIT MONIES AT THIS TIME
Trade & Fintrac Report Update- Sept2015
FINTRAC COMPLIANCE REPORT UPDATE
A. IDENTIFYING A BUYER OR SELLER
B. TERRORIST PROPERTY REPORT
C. SUSPICIOUS TRANSACTION REPORT
REALTORS® are responsible for verifying the identity of the buyers and sellers they represent in a real estate transaction, including both individuals and entities. Failure to identify a client for
any reason places the broker in non-compliance with FINTRAC rules. If there are unrepresented buyers or sellers, the REALTOR® representing the other party is responsible for identifying the
unrepresented party and keeping all information on le.
1. Did you complete the CREA Individual or Corporation/Entity Identication Information Record for this transaction
previously?
(if “no”, you will need to complete and submit an additional CREA Individual or Corporation/Entity Identication Information Record)
Y
N
If a REALTOR® suspects a client isn’t being honest about their source of funds or their identity and has reasonable grounds to suspect a transaction is related to a money laundering or
terrorist nancing, the REALTOR® must report this to FINTRAC using a Suspicious Transaction Report. The REALTOR® must le this report whether the transaction completes or not. The
REALTOR® must not let the individual know they intend to, or have led a report.
3. Do you have any suspicions about the client?
(If “yes”, you must ll out a Suspicious (Attempted) Transaction Report located at
www.ntrac-canafe.gc.ca/reporting-declaration/form/STR-2008-eng.pdf or from our Extranet (keyword: ntrac).
To le this report electronically, please go to: http://www.ntrac-canafe.gc.ca/publications/guide/guide3A/str-eng.asp
For more information please go to www.ntrac-canafe.gc.ca/msb-esm/reports-declarations/terr-eng.asp
Y
N
Page 2 of 2
FINTRAC requires the compliance of REALTORS® to answer and collect the following information:
DECLARATION
• I conrm that the information obtained from the Buyer/Seller will not be used or shared except as outlined in the Working with a Realtor Brochure
unless additional permission is obtained.
• I conrm that the CREA Individual Identication Information Record is attached (unless previously submitted).
• If I answered “yes” to Question #2 in Section B, I am attaching the required Terrorist Property Report
• If I answered “yes” to Question #3 in Section C, I am attaching the required Suspicious Transaction Report
Information provided by: _____________________________________Date: ___________________, yr________
(Print Name)
Signed: ______________________________________________________________________________________
Every time a REALTOR® identies a client, they should also check the government’s list of known terrorist individuals and entities on the Oce of the Superintendent of Financial Institution
Canada’s website at: www.os-bsif.gc.ca/Eng/-if/amlc-clrpc/atf-fat/Pages/default.aspx
For identication - you must check the list of terrorist individuals and entities
2. Do you suspect the property is owned or controlled by or on behalf of a terrorist or a terrorist group?
(If “yes”, you must ll out the Terrorist Property Report located at:
www.ntrac-canafe.gc.ca/reporting-declaration/form/TPR-2008-eng.pdf or from our Extranet (keyword: ntrac)
Y
N
D. RECEIPT OF FUNDS RECORD
4. Are you receiving deposit monies at this time?
(If yes, you must complete the Receipt of Funds Record)
Y
N
Receipt of Funds Record
NOTE: A Receipt of Funds record is required by the Proceeds of Crime (Money Laundering) and Terrorist Financing
Regulation for every amount of funds that a REALTOR
®
member receives in the course of a single purchase or sale real
estate transaction.
A REALTOR
®
does NOT have to complete a Receipt of Funds Record if:
(i) the funds are received from a financial entity, very large corporation or a public body that is buying or selling; or,
(ii) a Large Cash Transaction Record must be completed; or,
(iii) the deposit does not go into the trust account of a licensed practitioner. In other words, if the deposit goes
directly into the account of a builder, lawyer or notary, or developer, a Receipt of Funds Record does not have to be
completed by a member acting as the buyers’ agent.
When this Record is completed, it is the responsibility of the broker to ensure that a record is kept for five years from
the date it was created. When both the buyer and seller are represented, it is the agent of the buyer who is required to
complete and retain a Receipt of Funds Record in respect of the deposit made, regardless of who retains the deposit.
A. BASIC TRANSACTION INFORMATION
Transaction Property Address: .........................................................................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sales Representative/Broker Name: .....................................................................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Date: ...............................................................................................
C. INFORMATION ON INDIVIDUAL/ENTITY PROVIDING FUNDS
When a REALTOR® member completes a Receipt of Funds Record, they must also complete an Identification Information
Record at the same time on the individual (or entity) from whom you receive the funds. Complete that record and attach it
to this record.
B. INFORMATION ON FUNDS
Date of receipt of funds: ..............................................................................
Type of funds received:
F Cheque F Certified Cheque F Cash F Bank Draft F e-transfer
F Other, explain: ....................................................................................
Purpose of funds (e.g., deposit for purchase): ............................................................
Other details concerning receipt of funds*: ..............................................................
Amount of Funds Received: ........................ Currency of Funds Received: .......................
*Including whether other individuals or entities were involved in the transaction
1
of 2
This document has been prepared by The Canadian Real Estate Association (“CREA”) to assist members in complying with requirements of
Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations.
The REALTOR
®
trademark is controlled by CREA. © 2014-2019.
®
WEBForms Mar/2019
(Please Complete D.2 Below)
B.C.
Macdonald Realty Westmar
Receipt of Funds Record
This document has been prepared by The Canadian Real Estate Association (“CREA”) to assist members in complying with requirements of
Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations.
The REALTOR
®
trademark is controlled by CREA. © 2014-2019.
D. ADDITIONAL INFORMATION
D.1. If funds received in cash, indicate method of receipt:
F In Person F Mail F Armoured Car F Other, explain: .................................................
D.2. If an account is affected* by the transaction complete this section for each affected account**:
* Some examples of when an account is affected are when funds are received by cheque , or a money order or bank draft purchased from an account.
The account from which the funds are drawn is “affected”.
**Add additional information for additional accounts, if necessary
Currency of transaction: F CAD F Other, explain: .......................................................
Account 1: Number of account: .......................................... Name of account holder: ..................................
Type of account: F Chequing F Saving F Trust F Other, explain: ..................................................................
Account 2: Number of account: ......................................... Name of account holder: ..................................
Type of account: F Chequing F Saving F Trust F Other, explain: ..................................................................
Account 3: Number of account: ......................................... Name of account holder: ..................................
Type of account: F Chequing F Saving F Trust F Other, explain: ..................................................................
Account 4: Number of account: ......................................... Name of account holder: ..................................
Type of account: F Chequing F Saving F Trust F Other, explain: ..................................................................
Account 5: Number of account: ......................................... Name of account holder: ..................................
Type of account: F Chequing F Saving F Trust F Other, explain: ..................................................................
NOTE:
TWO AGENTS: Where there are two agents involved in a transaction, the buyer’s agent is responsible for completing the receipt of funds record.
LISTING AGENT TRUST ACCOUNT: If funds are deposited into a listing agent’s trust account, the buyer’s agent is only required to record the fact that
the funds were deposited into the listing agent’s trust account but is not required to include the number of the trust account or the name or entity that
holds the trust account.
REASONABLE MEASURES RECORD: If the buyer agent’s client provides funds directly to the listing agent, where a client account is affected (e.g.
client’s chequing account), the buyer agent is only obligated to take reasonable measures to obtain the account number, the name of the account holder
and the type of account. However, the buyer’s agent would need to complete Section E, below, to document that they tried to get this information.
MULTIPLE ACCOUNTS: Note that if multiple accounts are affected, information on all accounts affected needs to be recorded subject to the caveats
noted above with respect to listing agent trust accounts and the reasonable measures record.
E. RECEIPT OF FUNDS - REASONABLE MEASURES RECORD
Complete this section if applicable.
Measures taken (check one):
F Asked listing agent for information
F Other, explain: .....................................................................................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reason why measures were unsuccessful (check one):
F Listing agent did not provide information
F Other, explain: .....................................................................................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Date on which above measures taken ...................................................................
2
of 2
®
WEBForms Mar/2019
It is important to include all relevant documents. Please review and double check that all of the following
documents have been included and that they are lled in completely.
Disclosure of Representation in Trading Services 4 pages
FINTRAC - Individual Identification Information Record 1 or 4 pages
Contract Information page 1 page
Contract of Purchase and Sale 6 pages
Disclosure of Remuneration 1 page
Trade & Fintrac Report 3 pages
Subject Removal pages 2 pages
Receipt of Funds Record 1 page (if deposit monies received)
Title Search
Property Disclosure Statement
Add Assignment Notice to Seller (if applicable)
The following documents are only required when turning in additional documents to the original Contract of Purchase
and Sale. This includes deposit monies received and any modications to the original agreement along with subject
removals.
Trade & Fintrac Report Update 2 pages
Receipt of Funds Record 1 page
If you are not turning in the above document it means you have written a non-subject oer and you are reminded that
non-subject oers require written waivers including:
Buyer declines home inspection
Buyer declines financing clause
Buyer declines legal advice
Checklist
|
Single Family Buyer Agency
15June2018
IMPORTANT NOTE
If the contract is not accepted, you do not need to turn in the Subject Removal or the Trade Report.
If the oer is accepted (subjects or not), you must turn in the Trade Report within 48 hours. The
subject removal will be needed later so hold onto it. Remember to turn in the Trade Report Update
with the subject removal.
If this is a non-subject oer you need to turn in the Trade Report with all waivers as required in a
subject-free Contract.
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Selling Kit Single Family Designated Buyer Agency

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