Fillable Selling Kit Strata Designated Buyer Agency

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Selling Kit Strata Designated Buyer Agency

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REALTOR USE ONLY
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 L
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
|
Strata 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
12Jan2018
Macdonald Realty Westmar
604-279-9822
BC
BC
AB
REALTOR USE ONLY
Selling Kit
|
Strata Designated Buyer Agency
This page is not part of the contract and does not need to be printed. Completing this page serves to add the same information to all other pages where required.
Westmar Fast Fill Form
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.
12Jan2018
.
®
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®).
BC2
074 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
WITH 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:
PRINCIPAL
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
beh
alf of a third party?
3. Do you suspect that any parties to the
t
ra
nsaction are acting on behalf of a third
party?
Yes No
Yes No
2. When asked, did the person say they
wer
e acting on behalf of a third party?
4. Are any third parties providing deposit
fun
ds?
Yes 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,
t
he 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.
1
of 4
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5. Source of Funds: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
BC
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.
3
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
INITIALS
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:
S
ELLER:
SELLER:
ADDRESS:
P
C:
PHONE:
BUYER:
BUYER:
ADDRESS:
P
C:
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
D
OLLARS
$ (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.
#203 - 5188 Westminster Hwy
Richmond
V7C5S7
604-279-9822
Macdonald Realty Westmar
0
8
PAGE 2 of
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: The Property Disclosure Statement (PDS) dated
________________________ , the Form B Certificate 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.
ILLEGAL SUBSTANCES: The Seller represents and warrants that, during the time the Seller has owned the strata lot,
neither the strata lot nor any limited common property associated with the strata lot has been used for the growth of
marijuana or manufacture of any illegal substances. This warranty shall survive and not merge on the completion of this
transaction. Further, the Seller represents that, to the best of the Seller’s knowledge and belief, neither the strata lot nor
any limited common property associated with the strata lot has ever been used for the growth of marijuana or
manufacture of illegal substances.
OCCUPANCY: The seller warrants that an unconditional occupancy permit and/or final inspection has been approved
by the Municipal/City/Regional District Authority.
KEYS/FOBS: On possession day the Seller will provide the Buyer with all sets of keys/fobs for the unit including, but
not limited to, the strata unit, the building, parking areas, storage areas, storage locker, mailbox and if building features
a garage door, all of the remote controls for the garage door.
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.
SPECIAL LEVY: If a special levy is approved before the strata lot is conveyed to the buyer, the Seller shall credit the
Buyer with the entire portion of the special levy that the Buyer is obligated to pay under the Strata Property Act and the
Seller hereby directs the Buyer’s lawyer or notar y public to hold back such credit from the sale proceeds and to remit it
to the strata corporation.
BYLAWS: If the Seller learns before the Completion Date about any proposal to amend the bylaws of the strata
corporation, or the bylaws of a section to which the strata lot belongs, or any amendment to such bylaws that the Seller
has not previously disclosed to the Buyer, the Seller will promptly deliver a copy of the relevant resolution to the Buyer.
DOCUMENT ACCESS: The Seller authorizes the Buyer and any representative of the Buyer’s Brokerage to inspect
and obtain copies of all the records and documents that the strata corporation is required to prepare and retain
pursuant to the Strata Property Act.
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, the
Contract will be terminated thereupon and the Deposit returnable in accordance with the Real Estate Services Act.
8
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.
PR
OPERTY ADDRESS
3.
TERMS AND CONDITIONS: The purchase and sale of the Property includes the following terms and is subject to the
following conditions:
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1. An Information Certificate (Form “B”) as prescribed in the Strata Property Act which is current and dated within
30 days of acceptance of this offer or issued since the last general meeting of the Strata Corporation, whichever
is sooner.
2. A copy of the registered strata plan showing the subject strata lot, any amendments to the strata plan, and any
resolutions dealing with changes to common property and all areas designated as common property.
3. The current bylaws and financial statements of the strata corporation and any section to which the strata lot belongs.
4. The minutes of any meetings held between the period from __________________ to __________________ by
the strata council, and by the members in annual, extraordinary or special general meetings, and by the
members or the executive of any section to which the strata lot belongs.
5. A copy of any engineers’ or other consultants’ reports concerning this strata corporation.
6. A copy of the title search. The Buyer acknowledges and accepts that on completion the Buyer will receive title
containing the non-financial charges set out in the copy of the title search results which is attached to and forms part
of this contract.
7. A copy of the Property Disclosure Statement (PDS), dated ___________________ which is incorporated into
and forms part of this contract.
8. Any legal opinions obtained by the strata corporation.
9. Any warranty documentation concerning a building envelope including a roof as defined in the Building Envelope
Renovation Regulation. BC Regulation 240/2000
10. A copy of the Strata Depreciation Report
Immediately upon acceptance of this offer, or counter offer, the Seller will obtain, at the Seller’s expense, complete copies
of the documents listed above from the strata corporation and will immediately upon receipt, and in any event no later than
_________ days from such acceptance, deliver the documents to the Buyer or the Buyer’s agent. In the event the subjects
are not removed, the Buyer, or their agent, will return all documents in their original condition to the Seller’s agent.
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, the Contract will be terminated
thereupon and the Deposit returnable in accordance with the Real Estate Services Act.
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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.
PR
OPERTY ADDRESS
3.
TERMS AND CONDITIONS: The purchase and sale of the Property includes the following terms and is subject to the
following conditions:
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
of the strata lot 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 suite and common areas such as, but not limited to, the roof, electrical room, boiler or
furnace room, parking areas and recreational area.
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).
STRATA INSURANCE: Subject to the buyer:
A) the Buyer reviewing and approving the terms and rates of the strata corporation’s insurance, including the premium
amounts, deductible amounts, and coverage limits thereunder and the date of expiration of such policy or policies;
and
B) the Buyer confirming the Buyer’s ability to obtain personal strata owner insurance on terms satisfactory to the Buyer,
including coverage for any owner’s portions of deductibles payable under the strata corporation’s insurance, in each
case on or before ________________. These conditions are for the sole benefit of the Buyer.
Immediately upon execution and delivery of this Contract of Purchase and Sale by all parties, the Seller or the Seller’s
agent, will obtain copies of the strata corporation insurance policy or policies, or a summary of coverages, a cover note or a
binder in respect of same, and will immediately, upon receipt, deliver such document(s) or cause such document(s) to be
delivered to the Buyer or the Buyer’s agent."
INSURANCE: Subject to the Buyer obtaining approval for the strata lot fire and property insurance satisfactory to the
Buyer.
PARKING: Subject to the Buyer(s) verifying the type, number of parking stall(s) and any fee(s) associated with the strata
lot in the Form B Certificate (if any).
LOCKER: Subject to the Buyer(s) verifying the type, number of storage locker(s) and any fee(s) associated with the strata
lot in the Form B Certificate (if any).
Above subjects are for the sole benefit of the Buyer(s) .
Above subjects to be removed on or before ______ o’clock _______ on __________________________ yr ________.
123 asdf ln
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8
PR
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.
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.
.
__
8
PR
OPERTY ADDRESS
PAGE 6 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 Brokerage
s
a
nd 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 member
s
a
nd, 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 b
y
t
he 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;
__
8
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/
are licensed in relation to (Brokerage).
C
. The S
eller 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
signed 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 7 of
PAGES
__
N Y
8
*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 Sel
ler 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 8 of
PAGES
__
.
8
CONTRACT OF PURCHASE AND SALE ADDENDUM
...................................................................................................................................................................................................................
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:
WITNESS BUYER PRINT NAME
WITNESS BUYER PRINT NAME
WITNESS SELLER PRINT NAME
WITNESS SELLER PRINT NAME
MLS
®
NO.: DATE:
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®).
BC2005 REV FEB 2019 COPYRIGHT - BC REAL ESTATE ASSOCIATION AND THE CANADIAN BAR ASSOCIATION (BC BRANCH)
X
X
X
X
SEAL
SEAL
SEAL
SEAL
PAGE ____ of ____ PAGES
*PREC represents Personal Real Estate Corporation
®
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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
■
■
■
__
0
BC
Year
Year
__
__
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
SEAL
SEAL
SEAL
SEAL
Date _______________________________________________ MLS # _________________________________________________
Address ___________________________________________________________________________________________________________
Further to the Contract of Purchase and Sale Dated ______________________________________________________________________
Made Between ____________________________________________ and ____________________________________________ as Sellers
And _____________________________________________________ and _____________________________________________ as Buyers
And covering the above-mentioned property the undersigned hereby agree as follows:
TO REMOVE OR WAIVE THE FOLLOWING SUBJECTS:
STRATA DOCUMENTS: Subject to the Buyer receiving and approving the following documents on or before ____________________________.
1. AnInformationCertificate(Form“B”)asprescribedintheStrataPropertyActwhichiscurrentanddatedwithin30daysofacceptanceofthis
offer or issued since the last general meeting of the Strata Corporation, whichever is sooner.
2. A copy of the registered strata plan showing the subject strata lot, any amendments to the strata plan, and any resolutions dealing with
changes to common property and all areas designated as common property.
3. Thecurrentbylawsandfinancialstatementsofthestratacorporationandanysectiontowhichthestratalotbelongs.
4. The minutes of any meetings held between the period from __________________________ to _____________________________ by the
strata council, and by the members in annual, extraordinary or special general meetings, and by the members or the executive of any section
to which the strata lot belongs.
5. A copy of any engineers’ or other consultants’ reports concerning this strata corporation.
6. Acopyofthetitlesearch.TheBuyeracknowledgesandacceptsthatoncompletiontheBuyerwillreceivetitlecontainingthenon-financial
charges set out in the copy of the title search results which is attached to and forms part of this contract.
7. AcopyofthePropertyDisclosureStatement(PDS),dated_____________________________whichisincorporatedintoandformspartof
this contract.
8. Any legal opinions obtained by the strata corporation.
9. AnywarrantydocumentationconcerningabuildingenvelopeincludingaroofasdefinedintheBuildingEnvelopeRenovationRegulation.BC
Regulation240/2000
10. AcopyoftheStrataDepreciationReport
Immediately upon acceptance of this offer, or counter offer, the Seller will obtain, at the Seller’s expense, complete copies of the documents listed
above from the strata corporation and will immediately upon receipt, and in any event no later than _________ days from such acceptance, deliver
the documents to the Buyer or the Buyer’s agent. In the event the subjects are not removed, the Buyer, or their agent, will return all documents in
their original condition to the Seller’s agent.
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.
X X
(witness) (seller)
X X
(witness) (seller)
X X
(witness) (buyer)
X X
(witness) (buyer)
30Jan2019
Contract Of Purchase and Sale | Strata Subject Removal
__
SEAL
SEAL
SEAL
SEAL
X X
(witness) (seller)
X X
(witness) (seller)
X X
(witness) (buyer)
X X
(witness) (buyer)
Contract Of Purchase and Sale | Strata Subject Removal
30JAN2019
Date _______________________________________________ MLS # _________________________________________________
Address ___________________________________________________________________________________________________________
Further to the Contract of Purchase and Sale Dated ______________________________________________________________________
Made Between ____________________________________________ and ____________________________________________ as Sellers
And _____________________________________________________ and _____________________________________________ as Buyers
And covering the above-mentioned property the undersigned hereby agree as follows:
TO REMOVE OR WAIVE THE FOLLOWING SUBJECTS:
INSPECTIONREPORT:Subject to the Buyer, at the Buyer’s expense, obtaining and approving a written inspection report of the strata lot
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 suite and
common areas such as, but not limited to, the roof, electrical room, boiler or furnace room, parking areas and recreational area.
TAX: SubjecttotheBuyer(s)obtainingandbeingsatisfiedwithaprofessionalaccountant’sadviceregardingtheapplicabletaxes(ie:BCSpecu-
lationandVacancyTax,VancouverEmptyHomeTax, Non-Resident Tax)associatedwiththepurchaseofthepropertyasitrelatestothe
buyer(s).
STRATA INSURANCE: Subject to the buyer:
(A) the Buyer reviewing and approving the terms and rates of the strata corporation’s insurance, including the premium amounts, deductible
amounts, and coverage limits thereunder and the date of expiration of such policy or policies; and
(B) the Buyer confirming the Buyer’s ability to obtain personal strata owner insurance on terms satisfactory to the Buyer, including coverage for
any owner’s portions of deductibles payable under the strata corporation’s insurance, in each case on or before ________________. These
conditions are for the sole benefit of the Buyer
INSURANCE: SubjecttotheBuyerobtainingapprovalforfireandpropertyinsurancesatisfactorytotheBuyer.
PARKING:Subject totheBuyer(s)verifyingthetype,numberofparkingstall(s)andanyfee(s)associatedwiththestratalotintheFormBCertifi-
cate(ifany).
LOCKER:SubjecttotheBuyer(s)verifyingthetype,numberofstoragelocker(s)andanyfee(s)associatedwiththestratalotintheFormB
Certificate(ifany).
__
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
__
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)
BC
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 5 pages
Contract Information page 1 page
Contract of Purchase and Sale 7 pages
Disclosure of Remuneration 1 page
Trade & Fintrac Report 3 pages
Subject Removal pages 2 pages
Receipt of Funds 1 page (if deposit monies received)
Title Search
Property Disclosure Statement
Form B
Add Assignment Notice to Seller (if applicable)
The following document is only required when turning in additional documents to the original Contract of Purchase and
Sale. This includes deposit monies and any modications to the original agreement along with subject removals.
Trade & Fintrac Report Update 2 pages
Receipt of Funds 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
|
Strata 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 Strata Designated Buyer Agency

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