Leasing of real estate Forms for Wake
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FAQ
OREA offers its members access to more than 200 formscovering every possible type of transaction in the industry.
Buyer Representation Agreement - OREA Form 300 The Buyer Representation Agreement is between you (the home buyer) and your Realtor's Brokerage. It gives the Brokerage permission to act on your behalf in the purchase of a property and must be signed prior to a Realtor submitting an offer on your behalf.
You need both parties to agree and sign a cancellation (done with Form 301). To cancel a Buyer Representation contract, Form 301 - Cancellation of Buyer Representation Agreement - must be signed by both parties (property buyer and brokerage, not the sales representative).
GENERAL USE: This Form is a contract between a Seller and a real estate company that gives the real estate company permission to act on the Seller's behalf when they offer their home for sale in the open market.
A mutual release is a document designed to be signed by both the buyers and sellers to cancel an agreement of purchase and sale. When executed, this document cancels the agreement and releases all parties from any future liabilities or claims.
Next the Ontario Real Estate Association decided to introduce the form 801 to make things easier for all agents. The form captures all the information from the offer, meaning less paperwork to store. This form is not mandatory, just a way to reduce paper.