EVERYTHING YOU WANTED TO KNOW ABOUT BUYER REPRESENTATION

SHAWN VENASSE EVERYTHING
Sales Representative YOU WANTED

TO KNOW
ABOUT BUYER
REPRESENTATION

YOUR GUIDE TO BUYER’S AGENTS

YOUR GUIDE TO BUYER’S AGENTS

Introduction
If you’re looking to buy a house, then whom do you trust to help you find the best deal possible?
A real estate agent, right? While that is true, it’s imperative that you have the right agent working
on your behalf.
Today we’re going to be talking about setting up an agency agreement with a buyer’s agent.
We’ll discuss the meaning of that term, what your arrangement can consist of, and the benefits
of that relationship.

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YOUR GUIDE TO BUYER’S AGENTS

What is a Buyer’s Agent?
Simply, this is a real estate agent who represents the person on the buying side of a real estate
transaction: the buyer. The agent on the selling side of the transaction representing the seller is
often referred to as the listing agent. They are there to serve the seller, which means that they
will be interacting with a lot of different buyers.

However, if you’re the one looking for a home, then having a buyer’s agent working for you is
probably the best move that you can make. At first, you may wonder if it’s necessary to have
one in the first place, but there are a lot of benefits that come from this relationship.

One thing to keep in mind, however, is that you must have an agency agreement to get the best
services. While you could work with an agent without an agreement, a lack of guarantees on
both of your parts could lead to a lackluster process, which could affect your ability to close.

Overall, it’s much better to enter into an agency agreement with your buyer’s agent if you want
to proceed. Not only will this ensure that you get the best service, but it offers written protections
and guarantees that will come in handy during the buying process.

Benefits of Using a Buyer’s Agent
As you can imagine, having someone representing you when searching for a new home can
have a few perks. If you’re not familiar with all the details of what it takes to get into a new home
(e.g., paperwork, inspections, financing, title insurance, appraisals, and so on), an agent will be
able to make the experience much easier and smoother for you.

Let’s go over the primary reasons that you would want to sign up with a buyer’s agent.

BETTER REPRESENTATION
If you were to search for your next home by yourself, and you contact the listing agents
you meet along the way, they will only have the interests of the seller in mind.
Sometimes buyers unknowingly ask the agent representing the seller to help them in
preparing an offer of the home. While this process is possible, as a home buyer you are
asking the agent who represents the seller to now represent you as well.

This can bite you in a few different ways.

First, if there are multiple buyers interested in the property, you will have to compete
with them without having a buyer’s agent to consult with you regarding strategies to
beat the other offers. Essentially, you are negotiating blind, which means that you have

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YOUR GUIDE TO BUYER’S AGENTS

little power in the proceedings.

Secondly, if you are presenting your offer to the listing agent directly, your enthusiasm
(or lack thereof) can be communicated to the seller without any context. For example, if
you think that the asking price is a “great deal,” then it may limit your chances of
negotiation in the future since the agent will have relayed that comment to the seller.

Finally, you won’t have someone who understands all the complexities of the home-
buying process at your disposal. Thus, you will have to rely on the seller’s agent to
provide you with all the details, and again, your interests are not their primary concern.

Overall, a buyer’s agent will make sure that your needs are met during the whole
experience. You will be building a relationship with your agent, who will want to know
what kinds of elements are most important to you for your new home and what
parameters you’re hoping to fill.

Then, when the negotiations begin, you will have a knowledgeable expert in your
corner. The buyer’s agent will be able to guide you through the transaction, letting you
know if there are risks or concerns along the way. He or she will help you navigate
through the process so that you understand what’s going on every step of the way.

NO FEES
Before you sign with a buyer’s agent, you may be wondering how much it will cost you.
After all, he or she is putting in a lot of hours and work for you, so you’ll have to provide
compensation, right?

Fortunately, that’s not handled by you. Rather, in almost every home sale, it’s up to the
seller to pay both agent’s fees. This means that you don’t have to pay for anything out of
pocket, and you can rest easy knowing that you got the best service regardless.

Here is another little-known benefit of entering into an agreement with a buyer’s agent.
Let’s say that you have an agent who has been helping you search for homes, but you
have not signed a buyer agent agreement. That agent must consider this risk: without
an agreement, you could, at any time. decide to work with someone else to find a home.
There is a chance the agent isn’t going to put as much time and effort into the
experience to make sure that you’re satisfied.

No one wants to work for free, and when you don’t have a contract, it doesn’t make
sense for the agent to make you a priority. Instead, he or she may focus on his or her

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YOUR GUIDE TO BUYER’S AGENTS

other clients and put you lower on their list because the other people were willing to sign
an agreement.

Overall, if you want the best service from your agent, it’s a good idea to enter into an
agency agreement.

MORE OPPORTUNITIES
How much time can you devote to buying a new home? By that, we mean how many
hours can you spend looking for properties for sale, vetting them, and calling different
agents to try to schedule showings? If you have a job and a life, the answer is probably a
lot less than it should be.

With a buyer’s agent on your side, you don’t have to worry about missing out on an
opportunity. He or she will dedicate enough time to finding places that fit within your
parameters. Also, your agent will make sure to do legwork beforehand so that you don’t
waste time on houses that won’t be desirable.

Have you ever gone to an open house, only to be disappointed by the asking price or
some other element of the property? A buyer’s agent will be able to vet the home before
you even think about visiting it to make sure that this doesn’t happen. A good agent will
know what’s important to you and avoid properties that don’t meet your criteria.

Another thing about having an agent is that you can get access to more homes. If you’re
checking only a handful of sites or listings, you will miss out on properties for sale that
aren’t on your radar. Since your agent is connected to the real estate industry, he or she
will be able to hear about houses that may not get listed publicly, or at least not on sites
that you would be checking. Often, agents will let the other agents in their own office
know about properties that will be coming on the market before anyone else. This can be
great for you if your agent gets an inside tip.

PROFESSIONAL RECOMMENDATIONS
If you’re new to the home-buying process, you probably aren’t aware of all the steps
you have to take to make sure that you’re getting a good deal. You’ll also have to work
with a variety of people, from mortgage brokers to lenders to appraisers.

With a buyer’s agent, he or she can recommend high-quality service providers to fit your
needs. If you still haven’t secured a loan, your agent can put you in touch with someone
who can help expedite the process.

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YOUR GUIDE TO BUYER’S AGENTS

These recommendations can run the gamut from people who will help you get financing
to movers who can transport your stuff quickly and safely. Most buyer’s agents will have
a talented roster of various people who can help make your transition into your new
home as smooth and enjoyable as possible.

PROFESSIONAL RECOMMENDATIONS
As we mentioned, you will want to sign an agency contract with your buyer’s agent to
ensure that he or she will be committed to you for the duration of your home buying
experience. Once this happens, you will be able to get a lot more done in much less
time.

For the most part, these contracts stipulate that you and your agent are exclusive. This
means that you agree to work with only your agent to find and submit offers on homes.
This doesn’t mean that you can’t shop for homes online or walk through an open house
without your agent; however, when it comes time to schedule a private showing or make
an offer, you need to work solely with your agent.

This level of commitment is going to help you find your dream home much faster than if
you tried to do it on your own. When you have someone working full-time, you can see
more houses and work with more sellers to find the right fit for you.

On top of that, buyer’s agents are all about building a relationship with you. This
experience is more than just about making a commission; it’s about ensuring that you
are satisfied with your new property.

Because the agent isn’t paid until you close the deal, he or she can’t be satisfied unless
you are. That means your agent will pull out all the stops to make this process as
simplified and streamlined as possible.

Do you prefer to get emails or texts? Do you want to look at virtual tours or do you want
to see homes in person? Whatever your preferences are, a buyer’s agent will make sure
that your wants and desires are always met.

What to Ask a Buyer’s Agent?
By now, you’re probably sold on the idea of having an agent in your corner to help you find your
new home. However, how can you be sure that you’ve found the right one? Here are some

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YOUR GUIDE TO BUYER’S AGENTS

critical questions to ask so that you know that you’ve made the right decision before you sign
anything.

What areas or neighborhoods do you specialize in?
This question is crucial because you want an agent who knows the areas in which you want to
live. If you work with someone who is unfamiliar with the neighborhood, then how can you be
sure that your needs are met?

For example, if there are particular “must-haves” that you want near your home, how will your
agent know if they’re there? If he or she doesn’t specialize in that neighborhood, you run the risk
of missing out on the crucial elements you desire.

WHAT’S YOUR AVAILABILITY?
Even with an exclusive contract, your agent may only do this as a part-time gig. If that’s
the case, then you must make sure that he or she can dedicate enough time to finding
the home of your dreams.

One thing to consider is your timeline. Do you have to move quickly due to a new job or
expiring lease? If so, then you might want to find a buyer’s agent who can be on your
case full-time. Otherwise, it could take longer to get into a new home, and you won’t
have the luxury of waiting for the perfect opportunity.

Something else to consider is scheduling. If you have very little time or a unique
schedule that will make it difficult to see homes during normal hours, you may want to
find an agent who can accommodate these needs.

Finally, remember that there are a lot of steps to getting into a new home. Before you
hire your buyer’s agent, ask them how they help their clients achieve their home buying
goals. If the market is hot, ask them how they help their buyers compete and get
the winning contract.

HOW LONG HAVE YOU BEEN AN AGENT?
In many cases, you want a buyer’s agent who has a lot of experience. Although new
agents can be knowledgeable, there are a lot of different elements of this process that
can be challenging. As a result, experience usually trumps knowledge.

Considering that you’re not paying out of pocket for a buyer’s agent, it’s usually a good
idea to sign with someone who really knows what they’re doing.

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BottomLine
If you’re ready to get started with a buyer’s agent, then contact me today to find out how I can
make your home-buying experience enjoyable and effortless. Don’t stress about finding the
home of your dreams; let me handle the dirty work for you so that you can focus on what
matters.

SHAWN VENASSE

Sales Representative
The Elli Davis Team
Sotheby’s International Realty Canada, Brokerage
1867 Yonge Street, Suite 100, Toronto ON M4S 1Y5
647.250.9937 direct | 416.960.9995 office | 877.960.9995 toll-free

[email protected]
sothebysrealty.ca/en/shawn-venasse/
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message (or authorized to receive it for the intended recipient), you may not copy, forward, or otherwise use it, or disclose its contents to
anyone else. If you have received this transmission in error, please notify us immediately and delete it from your system. Sotheby's International
Realty Canada, Brokerage. Independently Owned and Operated.

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Reprinted from realtor.com

WHAT IS A BUYER’S AGENT?

A trusted guide who’ll help you find a home

Ready to house hunt? It’s a jungle out there: Prepare for a flurry of paperwork,
stampedes of buyers competing for the same digs, and other challenges, before you get
your hands on those house keys.
We won’t lie: The process can be complex and stressful—especially if you are a first-
time buyer. Having a real estate pro by your side can make all the difference.
You might have heard of buyer’s agents, selling agents, listing agents, and so on. You’re
a buyer, so what is a buyer’s agent?
True to their name, buyer’s agents help real estate buyers navigate the real estate
market; they can also save you tons of time and money on the road to your new home.

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Reprinted from realtor.com

Buyer’s agent vs. Realtor: Benefits of using a buyer’s
agent when buying real estate

“A buyer’s agent will guide you through the home-buying transaction and be at your
disposal for any questions or concerns,” says Shane Wilcox, a Realtor® with Partners
Trust. Here are some of the things a buyer’s agent can do:

• Find the right property. After determining what the clients are looking for and
what they can afford, the agent will schedule appointments to tour homes that fit
the bill. The agent can also explain the ins and outs of various properties and
neighborhoods, to help buyers decide which home is right for them, by explaining
the pros and cons of various options.

• Negotiate the offer. The buyer’s agent will advise clients on an appropriate price
to offer and present it to the seller’s agent. “Then they will negotiate on your
behalf and write up the contracts for you,” says Matt Laricy, a Realtor with
Americorp Real Estate in Chicago. This is where the agent’s experience in
negotiating deals can save you money and help you avoid pitfalls like a fixer-
upper that’s more trouble than it’s worth.

• Recommend other professionals. A buyer’s agent should also be able to refer
you to reliable mortgage brokers, real estate attorneys, home inspectors, movers,
and other real estate professionals. This can also help expedite each step of the
process and move you to a successful real estate sale all the faster.

• Help overcome setbacks. If the home inspector’s report or appraisal brings new
issues to light, a buyer’s agent can advise you on how to proceed with the
transaction, and then act as a buffer between you and the sellers or their broker.
If negotiations become heated or hostile, it’s extremely helpful to have an
experienced professional keeping calm and offering productive solutions.

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Reprinted from realtor.com

Buyer’s agent vs. listing agent: What’s the difference?

Buyer’s agents are legally bound to help buyers, whereas listing agents—the real estate
agent representing the home listing—have a fiduciary duty to the home seller.

“That’s why it’s in your best interest as a buyer to get an agent who is there to represent
you,” explains Alex Cortez, a Realtor with Wailea Village Properties in Kihei, HI.

“Think about it this way: If you were getting sued, would you hire the same attorney
as the person suing you? Of course not. You need someone who will diligently fight for
your interests and rights.”

Let’s say, for instance, you walked up to the listing agent at an open house. You might
gush about how you love the home and want to buy it but add that you will need to
move soon—because you’re expecting your second child and need to decorate the
nursery, pronto, or because the lease on your rental is up in a couple of months.

A seller’s agent could then use this information against you by informing the sellers that
your clock is ticking, so they shouldn’t budge too much on their asking price—if at all.

Yet make this same confession to the buyer’s agent you’re working with, and it’s all
fine—this professional would know to keep this info private from sellers (and their
agents), so it can’t be used against you.

Some states, recognizing this problem, required a disclosure of dual agency when a
broker represents both sides of a real estate transaction.

However, you may still not be comfortable after signing an agreement saying you know
someone is a double agent. You might want to hire an agent who is not representing the
owner, and who is looking out for your best interests.

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Reprinted from OREA

DUTIES TO CLIENTS AND CUSTOMERS

Registrants must understand the difference between clients and customers, and the duties of
care a brokerage and its representatives owe to each. The key to remembering the difference is
the representation agreement.

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Reprinted from OREA

Duty of care is defined as the duty owed to clients and customers established by objective
standard. The level of obligation is different.

The duty of care to a client involves everything done (or that ought to be done) by the agent
(i.e., brokerage) for the client. A relationship is established via a representation agreement. As
such, the brokerage owes the client fiduciary obligations under agency/common law, and
regulatory obligations, as set out in the Real Estate and Business Brokers Act, 2002, and
associated Regulations.

The duty of care to a customer is more limited because there is no representation agreement.
However, a customer may enter into a service agreement with the brokerage. The duties owed
to customers include honesty, providing accurate information and responding to questions,
and performing functions to which the brokerage has agreed.

Note that two duties are owed to both clients and customers:

• exercise care and skill

• ensure honesty

Registrants must have the requisite knowledge and skills, provide complete and accurate
information, recommend relevant experts, where applicable, and demonstrate honesty of
intent in all dealing.
GENERAL OBLIGATIONS OWED TO CLIENTS
1. Exercise care and skill: have the requisite knowledge and skills; provide complete and
accurate information; recommend relevant experts, where applicable

2. Negotiate favourable terms: advance the client’s interests by assisting in negotiations; draft
favourable terms and conditions for agreements arising from the negotiations

3. Maintain confidentiality: maintain confidentiality regarding all matters (e.g., client’s personal
information, client’s motivation for buying/selling, the amount to be paid or accepted during
negotiations)

4. Disclose information: disclose information pertinent to the client (e.g., actual or potential
conflicts of interest); disclose matters relating to the transaction

5. Ensure honesty: demonstrate honesty of intent in all dealing

6. Act in person: perform duties personally, unless otherwise instructed

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Reprinted from OREA

7. Obey instructions: obey the client’s instruction, unless it’s not lawful (e.g., the client asks you
to create a misleading advertisement regarding the property)
8. Perform mandate: perform the mandate as set out in the representation agreement; act only
within specified authorities; seek clarification if you are uncertain about said authorities

FIDUCIARY OBLIGATIONS OWED TO CLIENTS

1. Maintain utmost loyalty: the client’s interests come first, best achieved in single
representation (i.e., you represent the interest of only one party to a transaction)
2. Avoid conflicts of interest: be aware of situations that may lead to conflicts of interest, such
as:

• representing two or more clients at the same time (multiple representation)
• acquiring the client’s property
• selling your own property to the client
3. Disclose conflicts: disclose any personal or third-party interests that do or might conflict with
the client’s interests; disclose the exact nature and extent of the conflict(s), in writing and
signed by the client
4. Not make secret profit: do not make a profit at the client’s expense (e.g., providing improper
advice, accepting payment from another party without the client’s knowledge and written
consent)
5. Not misuse confidential information: do not use confidential information (e.g., confidential
details about the client, the property, and/or the transaction) for your own interests, to harm
the client, or to interfere with the client’s endeavours

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Reprinted from OREA
IF YOU WOULD LIKE MORE INFORMATION ABOUT REPRESENTATION, FEEL FREE TO
WATCH THIS VIDEO PRODUCED BY THE REAL ESTATE COUNCIL OF ONTARIO:

Click the above image to launch the video.

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Working with a REALTOR®

Form 810

for use in the Province of Ontario

DISCLAIMER:

The Ontario Real Estate Association (“OREA”) owns certain standardized forms that are commonly used in Ontario real estate
transactions (“OREA Standard Forms”), and a set of standard clauses (“Clauses”) for use with these forms.

In an effort to assist its members, OREA has prepared a set of annotated OREA Standard Forms (the “Annotated Forms”) providing
explanations of a general nature with respect to certain provisions contained therein. These Annotated Forms are provided for
personal educational purposes only and are not for commercial use. While great care and consideration is taken in researching and
creating these Annotated Forms, the explanations contained therein are for informational purposes only and are not to be relied upon
or construed as real estate, legal, accounting or other professional advice or a substitute thereof. The explanations are meant only
to be a general simple overview and are not meant to replace the full text and legal ramification of each Form and any provision,
paragraph or section therein.

Members are urged to seek legal advice on specific issues affecting them. These Annotated Forms are for
members’ personal educational use only and not for re-use or distribution to any third party. OREA makes
no representations or warranties with respect to the accuracy of the information contained in these Annotated
Forms.

© Ontario Real Estate Association 2021. All rights reserved.

These Annotated Forms were developed by OREA for use and reproduction by its members and other licensees
only. Any other use or reproduction is prohibited except with prior written consent of OREA.

PROCEED TO NEXT PAGE…

The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by Form 810 Revised 2019 Page 1 of 3
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction
by its members and licensees only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter
when printing or reproducing the standard pre-set portion. OREA bears no liability for your use of this form.

Working with a REALTOR®

Form 810

for use in the Province of Ontario

GENERAL USE: This form is required under Section 10 of the Code EUSDEUCOANTILYONALThere will be instances where a consumer does not wish to have
of Ethics to fulfill the requirements of Information Before Agreements. a client relationship with the brokerage. In those instances the
consumer can have a customer relationship. The REALTOR® is still
The first section of this form highlights that a contract for real estate required to treat the customer with honesty, fairness and integrity but
services is with the brokerage. Each REALTOR® is employed by the the services will be on a restricted level.
brokerage to provide the services of the brokerage. The brokerage
falls under the responsibility of the Broker of Record. Also important to Customer
note that the consumer is entitled to know the different types of service
relationships that are available. A buyer or seller may not wish to be under contract as a client with the
brokerage but would rather be treated as a customer. A REALTOR® is obligated
The REALTOR® Consumer Relationship to treat every person in a real estate transaction with honesty, fairness, and
integrity, but unlike a client, provides a customer with a restricted level of
In Ontario, the real estate profession is governed by the Real Estate and service. Services provided to a customer may include showing the property or
Business Brokers Act, 2002, and Associated Regulations (REBBA 2002 or properties, taking customer direction to draft an offer and present the customer
Act), administered by the Real Estate Council of Ontario (RECO). All Ontario offer etc. Brokerages use a Customer Service Agreement to document the
REALTORS® are registered under the Act and governed by its provisions. REBBA services they are providing to a buyer or seller customer.
2002 is consumer protection legislation, regulating the conduct of real estate
brokerages and their salespeople/brokers. The Act provides consumer protection Under the Act, the REALTOR® has disclosure obligations to a customer and must
in the form of deposit insurance and requires every salesperson/broker to carry disclose material facts known to the brokerage that relate to the transaction.
errors & omission (E&O) insurance.
It is possible that the brokerage will be representing more than one
When you choose to use the services of a REALTOR®, it is important to understand client on a transaction or where there is more than one offer on a
that this individual works on behalf of a real estate brokerage, usually a property. Where the brokerage represents more than one client on a
company. The brokerage is operated by a Broker of Record, who has the ultimate transaction this is called multiple representation. There are mandatory
responsibility for the employees registered with the brokerage. When you sign requirements that have to be fulfilled in these circumstances.
a contract, it is with the brokerage, not with the salesperson/broker employee. All the clients to the transaction must confirm in writing that they
acknowledge, understand and consent to the multiple representation
The Act also requires that the brokerage (usually through its REALTORS®) explain aspect of the relationship.
the types of service alternatives available to consumers and the services the
brokerage will be providing. The brokerage must document the relationship being What Happens When...
created between the brokerage and the consumer, and submit it to the consumer
for his/her approval and signature. The most common relationships are “client” Buyer(s) and the seller(s) are sometimes under contract with the same brokerage
and “customer”, but other options may be available in the marketplace. when properties are being shown or an offer is being contemplated. There can
also be instances when there is more than one offer on a property and more
The first discussion in this form is about a client relationship. It is than one buyer and seller are under a representation agreement with the same
important to note that this is the highest level of relationship between a brokerage. This situation is referred to as multiple representation. Under the
REALTOR® and a consumer. There are duties which the law states are Act, the REALTORS® and their brokerage must make sure all buyers, sellers,
mandatory to a client called fiduciary duties. The “client” arrangement and their REALTORS® confirm in writing that they acknowledge, understand,
is created through a representation agreement. Clients can be Sellers and consent to the situation before their offer is made. REALTORS® typically
or Buyers. The representation agreements can come in the form of use what is called a Confirmation of Co-operation and Representation form to
a Listing Agreement or Buyer Representation Agreement. While in a document this situation.
client relationship the brokerage must protect the interests of the client
and not disclose confidential information there is still an obligation Offer negotiations may become stressful, so if you have any questions when
to treat all other parties to the transaction with fairness, honesty and reference is made to multiple representation or multiple offers, please ask your
integrity. REALTOR® for an explanation.

Client REALTORS® must disclose facts that may affect a reasonable buying
or selling decision. In order to ensure that the REALTOR® adheres
A “client” relationship creates the highest form of obligation for a REALTOR® to their buyer’s or seller’s best interest it is important for buyers and
to a consumer. The brokerage and its salespeople/brokers have a fiduciary sellers to discuss their needs and wants and any issues that would
(legal) relationship with the client and represent the interests of the client in a affect their decision to buy or sell. Hopefully, this would avoid any
real estate transaction. The REALTOR® will establish this relationship with the use misunderstandings or unpleasant surprises. Further it is important
of a representation agreement, called a Listing Agreement with the seller and for consumers to read and understand every contract before that
a Buyer Representation Agreement with the buyer. The agreement contains an contract becomes finalized.
explanation of the services the brokerage will be providing, the fee arrangement
for those services, the obligations the client will have under the agreement, and Critical Information
the expiry date of the agreement. Ensure that you have read and fully understand
any such agreement before you sign the document. REALTORS® are obligated to disclose facts that may affect a buying or selling
decision. It may be difficult for a REALTOR® to judge what facts are important.
Once a brokerage and a consumer enter into a client relationship, the brokerage They also may not be in a position to know a fact. You should communicate to
must protect the interests of the client and do what is best for the client. A your REALTOR® what information and facts about a property are important to
brokerage must strive for the benefit of the client and must not disclose a client’s you in making a buying or selling decision, and document this information to
confidential information to others. Under the Act, the brokerage must also make avoid any misunderstandings and/or unpleasant surprises.
reasonable efforts to determine any material facts relating to the transaction
that would be of interest to the client and must inform the client of those facts. Similarly, services that are important to you and are to be performed by the
Although they are representing the interests of their client, they must still treat all brokerage, or promises that have been made to you, should be documented in
parties to the transaction with fairness, honesty, and integrity. your contract with the brokerage and its salesperson/broker.

To ensure the best possible real estate experience, make sure all your questions
are answered by your REALTOR®. You should read and understand every
contract before you finalize it.

The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by Form 810 Revised 2019 Page 2 of 3
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction
by its members and licensees only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter
when printing or reproducing the standard pre-set portion. OREA bears no liability for your use of this form.

The Buyer or seller is to acknowledge that they have read, understand and that they have received a copy of this form. At this point in the
relationship the consumer is to confirm by their initials whether they will be a client or customer of the brokerage.

Acknowledgement by: ................................................................................................................................................................................
(Names)

I/we have read, understand, and have received a copy of Working with a REALTOR®

Sellers: As seller(s), I/we understand that Buyers: As buyer(s), I/we understand that

(Name of Brokerage) (Name of Brokerage)
(initial one) (initial one)
Is representing my interests, to be documented in a Is representing my interests, to be documented in a
separate written agency representation agreement, and I separate written agency representation agreement, and I
understand the brokerage may represent and/or provide understand the brokerage may represent and/or provide
customer service to other sellers and buyers. customer service to other buyers and sellers.

Is not representing my interests, to be documented in a Is not representing my interests, to be documented in a
separate written customer service agreement, but will act separate written customer service agreement, but will act
in a fair, ethical and professional manner. in a fair, ethical and professional manner.
EUSDEUCOANTILYONAL
(Signature) (Date) (Signature) (Date)

(Signature) (Date) (Signature) (Date)

The consumer is put on notice that the law requires that the REALTOR® verify the identity of sellers and buyers with whom they are working.

It is important to note that this form is not a contract but rather for information only.

Please note that Federal legislation requires REALTORS® to verify the identity of sellers and buyers with whom they are working.
For the purposes of this information, the term “seller” can be interpreted as “landlord” and “buyer” can mean “tenant.” This form is for information only and is not a contract.

The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by Form 810 Revised 2019 Page 3 of 3
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction
by its members and licensees only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter
when printing or reproducing the standard pre-set portion. OREA bears no liability for your use of this form.

Form 300 Buyer Representation Agreement

for use in the Province of Ontario Authority for Purchase or Lease

DISCLAIMER:

The Ontario Real Estate Association (“OREA”) owns certain standardized forms that are commonly used in Ontario real estate
transactions (“OREA Standard Forms”), and a set of standard clauses (“Clauses”) for use with these forms.

In an effort to assist its members, OREA has prepared a set of annotated OREA Standard Forms (the “Annotated Forms”) providing
explanations of a general nature with respect to certain provisions contained therein. These Annotated Forms are provided for
personal educational purposes only and are not for commercial use. While great care and consideration is taken in researching and
creating these Annotated Forms, the explanations contained therein are for informational purposes only and are not to be relied upon
or construed as real estate, legal, accounting or other professional advice or a substitute thereof. The explanations are meant only
to be a general simple overview and are not meant to replace the full text and legal ramification of each Form and any provision,
paragraph or section therein.

Members are urged to seek legal advice on specific issues affecting them. These Annotated Forms are for
members’ personal educational use only and not for re-use or distribution to any third party. OREA makes
no representations or warranties with respect to the accuracy of the information contained in these Annotated
Forms.

© Ontario Real Estate Association 2021. All rights reserved.

These Annotated Forms were developed by OREA for use and reproduction by its members and other licensees
only. Any other use or reproduction is prohibited except with prior written consent of OREA.

PROCEED TO NEXT PAGE…

The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by Form 300 Revised 2021 Page 1 of 5
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction
by its members and licensees only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter
when printing or reproducing the standard pre-set portion. OREA bears no liability for your use of this form.

Form 300 Buyer Representation Agreement

for use in the Province of Ontario Authority for Purchase or Lease

GENERAL USE: This Form is a contract between a Buyer and a real estate company that gives the real estate company permission to act on
the Buyer’s behalf in the purchase of a property. Assuming the Buyer is a Client of the real estate company, the Real Estate Council of Ontario
(Ontario’s governing body) REBBA Code of Ethics requires that Salespeople have a written Buyer Representation Agreement presented for
signature prior to an offer being presented on behalf of the Buyer.

TOP SECTION OF THE AGREEMENT: The section at the top identifies the parties involved in the Agreement and sets the time frame for which
the contract is valid. The REBBA Code of Ethics requires the Buyer’s initials on this Form if the Agreement is to extend beyond six months.

This is an Exclusive Buyer Representation Agreement Authority for Purchase or Lease

BETWEEN:
BROKERAGE: ....................................................................................................................................................................... (the “Brokerage”),
EUSDEUCOANTILYONAL
ADDRESS: ......................................................................................................................................................................................................

........................................................................................................ Tel. No. ......................................... Fax. No. ..........................................
AND
BUYER: ......................................................................................................................................................................................, (the “Buyer”),

ADDRESS: ......................................................................................................................................................................................................
Street Number Street Name

MUNICIPALITY: ............................................................................................................ POSTAL CODE: ........................................................

The Buyer hereby gives the Brokerage the exclusive and irrevocable authority to act as the Buyer’s agent

commencing at ................................ on the ........................... day of ..................................................................................... , 20....................,
(a.m./p.m.)

{and expiring at 11:59 p.m. on the .......................... day of ......................................................................................, 20...................(Expiry Date),{


Buyer acknowledges that the time period for this Agreement is negotiable between the Buyer and the Brokerage, however, in
accordance with the Real Estate and Business Brokers Act, 2002, (REBBA) if the time period for this Agreement exceeds six
months, the Brokerage must obtain the Buyer’s initials. (Buyer’s Initials)

for the purpose of locating a real property meeting the following general description:

Property Type (Use): ..........................................................................................................................................................................................

.......................................................................................................................................................................................................................
This next section is the area which the Buyer and the Brokerage agree that the Buyer is interested in buying a property.
Geographic Location: ........................................................................................................................................................................................

.......................................................................................................................................................................................................................

The Buyer is warranting that the Buyer has not entered into any buyer representation agreement with another brokerage. (Buyer’s Initials)
The Buyer hereby warrants that the Buyer is not a party to a representation agreement with any other registered real estate
brokerage for the purchase or lease of a real property of the general description indicated above.

1. DEFINITIONS AND INTERPRETATIONS: This section of the form defines the terms that follow in the document, including Seller, Buyer,
purchase, etc.

1. DEFINITIONS AND INTERPRETATIONS: For the purposes of this Agreement (“Authority” or “Agreement”):
“Buyer” includes purchaser, tenant and lessee, a “seller” includes a vendor, landlord and lessor or a prospective seller, vendor, landlord and lessor

and a “real estate board” includes a real estate association. A purchase shall be deemed to include the entering into of any agreement to exchange,
or the obtaining of an option to purchase which is subsequently exercised, and a lease includes any rental agreement, sub-lease or renewal of a lease.
Commission shall be deemed to include other remuneration. This Agreement shall be read with all changes of gender or number required by the
context. For purposes of this Agreement, Buyer shall be deemed to include any spouse, heirs, executors, administrators, successors, assigns, related
corporations and affiliated corporations. Related corporations or affiliated corporations shall include any corporation where one half or a majority of
the shareholders, directors or officers of the related or affiliated corporation are the same person(s) as the shareholders, directors, or officers of the
corporation introduced to or shown the property.

INITIALS OF BROKERAGE: INITIALS OF BUYER(S):

The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by Form 300 Revised 2021 Page 2 of 5
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction
by its members and licensees only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter
when printing or reproducing the standard pre-set portion. OREA bears no liability for your use of this form.

2. COMMISSION: This section of the Agreement sets the structure for the commission to be paid to the real estate company. It states that
the Buyer agrees to pay a commission to the real estate company the detail of which is set out in this section. The real estate company is
entitled to commission when the Buyer enters into an agreement to buy or lease property. The Buyer agrees the commission may come
from a listing brokerage or by the seller. If it turns out that there isn’t enough the Buyer will make up the difference.

2. COMMISSION: In consideration of the Brokerage undertaking to assist the Buyer, the Buyer agrees to pay commission to the Brokerage as follows:
If, during the currency of this Agreement, the Buyer enters into an agreement to purchase or lease a real property of the general description indicated
above, the Buyer agrees the Brokerage is entitled to receive and retain any commission offered by a listing brokerage or by the seller. The Buyer
understands that the amount of commission offered by a listing brokerage or by the seller may be greater or less than the commission stated below.
The Buyer understands that the Brokerage will inform the Buyer of the amount of commission to be paid to the Brokerage by the listing brokerage or
the seller at the earliest practical opportunity. The Buyer acknowledges that the payment of any commission by the listing brokerage or the seller will
not make the Brokerage either the agent or sub-agent of the listing brokerage or the seller.
If, during the currency of this Agreement, the Buyer enters into an agreement to purchase any property of the general description indicated above,

the Buyer agrees that the Brokerage is entitled to be paid a commission of ................................................... % of the sale price of the property

or ...........................................................................................................................................................................................................
EUSDEUCOANTILYONAL
or for a lease, a commission of ...................................................................................................................................................................

The Buyer agrees to pay directly to the Brokerage any deficiency between this amount and the amount, if any, to be paid to the Brokerage by a listing
brokerage or by the seller. The Buyer understands that if the Brokerage is not to be paid any commission by a listing brokerage or by the seller, the
Buyer will pay the Brokerage the full amount of commission indicated above.

The Buyer agrees to pay the Brokerage such commission if the Buyer enters into an agreement within ................................ days after the expiration
of this Agreement (Holdover Period) to purchase or lease any real property shown or introduced to the Buyer from any source whatsoever during the
term of this Agreement, provided, however, that if the Buyer enters into a new buyer representation agreement with another registered real estate
brokerage after the expiration of this Agreement, the Buyer’s liability to pay commission to the Brokerage shall be reduced by the amount paid to the
other brokerage under the new agreement.

The Buyer agrees to pay such commission as described above even if a transaction contemplated by an agreement to purchase or lease agreed to
or accepted by the Buyer or anyone on the Buyer’s behalf is not completed, if such non-completion is owing or attributable to the Buyers default or
neglect. Said commission, plus any applicable taxes, shall be payable on the date set for completion of the purchase of the property or, in the case
of a lease or tenancy, the earlier of the date of occupancy by the tenant or the date set for commencement of the lease or tenancy. All amounts set out
as commission are to be paid plus applicable taxes on such commission.

This Agreement applies for the purchase or lease of one real property. Notwithstanding the foregoing, in the event that the Buyer leases a property,
this agreement remains in force as set out herein for the purchase of the leased property or a property of the general description indicated above. The
leasing of a property by the Buyer does not terminate this Agreement with respect to the purchase of a property.

3. REPRESENTATION: This paragraph confirms that the real estate company and the salesperson have explained the different types of
agency and other relationships that may occur in a real estate transaction.

3. REPRESENTATION: The Buyer acknowledges that the Brokerage has provided the Buyer with written information explaining agency relationships,
including information on Seller Representation, Sub-Agency, Buyer Representation, Multiple Representation and Customer Service. The Brokerage shall
assist the Buyer in locating a real property of the general description indicated above and shall represent the Buyer in an endeavour to procure the
acceptance of an agreement to purchase or lease such a property.

The Buyer acknowledges that the Buyer may not be shown or offered all properties that may be of interest to the Buyer. The Buyer hereby agrees that the
terms of any buyer’s offer or agreement to purchase or lease the property will not be disclosed to any other buyer. The Buyer further acknowledges that the
Brokerage may be entering into buyer representation agreements with other buyers who may be interested in the same or similar properties that the Buyer
may be interested in buying or leasing and the Buyer hereby consents to the Brokerage entering into buyer representation agreements with other buyers
who may be interested in the same or similar properties without any claim by the Buyer of conflict of interest. The Buyer hereby appoints the Brokerage
as agent for the purpose of giving and receiving notices pursuant to any offer or agreement to purchase or lease a property negotiated by the Brokerage.

MULTIPLE REPRESENTATION: The Buyer hereby acknowledges that the Brokerage may be entering into listing agreements with sellers of properties
the Buyer may be interested in buying or leasing. In the event that the Brokerage has entered into or enters into a listing agreement with the seller of
a property the Buyer may be interested in buying or leasing, the Brokerage will obtain the Buyer’s written consent to represent both the Buyer and the
seller for the transaction at the earliest practicable opportunity and in all cases prior to any offer to purchase or lease being submitted or presented.

The Buyer understands and acknowledges that the Brokerage must be impartial when representing both the Buyer and the seller and equally protect
the interests of the Buyer and the seller in the transaction. The Buyer understands and acknowledges that when representing both the Buyer and the
seller, the Brokerage shall have a duty of full disclosure to both the Buyer and the seller, including a requirement to disclose all factual information
about the property known to the Brokerage.

However, The Buyer further understands and acknowledges that the Brokerage shall not disclose:
• that the seller may or will accept less than the listed price, unless otherwise instructed in writing by the seller;
• that the Buyer may or will pay more than the offered price, unless otherwise instructed in writing by the Buyer;
• the motivation of or personal information about the Buyer or seller, unless otherwise instructed in writing by the party to which the information
applies or unless failure to disclose would constitute fraudulent, unlawful or unethical practice;
• the price the Buyer should offer or the price the seller should accept; and
• the Brokerage shall not disclose to the Buyer the terms of any other offer.

However, it is understood that factual market information about comparable properties and information known to the Brokerage concerning potential
uses for the property will be disclosed to both Buyer and seller to assist them to come to their own conclusions.

INITIALS OF BROKERAGE: INITIALS OF BUYER(S):

The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by Form 300 Revised 2021 Page 3 of 5
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction
by its members and licensees only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter
when printing or reproducing the standard pre-set portion. OREA bears no liability for your use of this form.

EUSDEUCOANTILYONALWhere a Brokerage represents both the Seller and the Buyer (multiple representation), the Brokerage shall not be entitled or authorized to be agent
for either the Buyer or the Seller for the purpose of giving and receiving notices.

MULTIPLE REPRESENTATION AND CUSTOMER SERVICE: The Buyer understands and agrees that the Brokerage also provides representation
and customer service to other buyers and sellers. If the Brokerage represents or provides customer service to more than one seller or buyer for the
same trade, the Brokerage shall, in writing, at the earliest practicable opportunity and before any offer is made, inform all sellers and buyers of the
nature of the Brokerage’s relationship to each seller and buyer.

4. REFERRAL OF PROPERTIES: The Buyer is committing to work with the Brokerage and agrees to communicate to the Brokerage any
interest in any property that comes to the Buyer’s attention. The Buyer will be responsible to pay commission to the Brokerage if the Buyer
purchases a property during the term of the Buyer Representation Agreement or the holdover period.

4. REFERRAL OF PROPERTIES: The Buyer agrees that during the currency of this Buyer Representation Agreement the Buyer will act in good faith
and work exclusively with the Brokerage for the purchase or lease of a real property of the general description indicated above. The Buyer agrees
that, during the currency of this Agreement, the Buyer shall advise the Brokerage immediately of any property of interest to the Buyer that came to the
Buyer’s attention from any source whatsoever, and all offers to purchase or lease submitted by the Buyer shall be submitted through the Brokerage
to the seller. If the Buyer arranges a valid agreement to purchase or lease any property of the general description indicated above that came to the
attention of the Buyer during the currency of this Agreement and the Buyer arranges said agreement during the currency of this Agreement or within
the Holdover Period after expiration of this Agreement, the Buyer agrees to pay the Brokerage the amount of commission set out above in Paragraph
2 of this Agreement, payable within (5) days following the Brokerage’s written demand therefor.

5. INDEMNIFICATION: The Buyer acknowledges that the Salesperson and the Brokerage are not qualified to determine the physical
condition of the property and the Buyer agrees that the Brokerage will not be liable for any defects.

5. INDEMNIFICATION: The Brokerage and representatives of the Brokerage are trained in dealing in real estate but are not qualified in determining
the physical condition of the land or any improvements thereon. The Buyer agrees that the Brokerage and representatives of the Brokerage will not be
liable for any defects, whether latent or patent, to the land or improvements thereon. All information supplied by the seller or landlord or the listing
brokerage may not have been verified and is not warranted by the Brokerage as being accurate and will be relied on by the Buyer at the Buyer’s own
risk. The Buyer acknowledges having been advised to make their own enquiries to confirm the condition of the property.

6. FINDERS FEE: This clause provides consent in the event the Brokerage or salesperson receives a finder’s fee or other reward as part of the
transaction. This fee may come from a mortgage company. It should be noted that specific consent will be required when it actually happens.

6. FINDERS FEE: The Buyer acknowledges that the Brokerage may be receiving a finder’s fee, reward and/or referral incentive, and the Buyer consents
to any such benefit being received and retained by the Brokerage in addition to the commission as described above.

7. CONSUMER REPORTS: The Buyer acknowledges that credit checks and personal information may be referred to in the process of
purchasing a property.

7. CONSUMER REPORTS: The Buyer is hereby notified that a consumer report containing credit and/or
personal information may be referred to in connection with this transaction.

8. USE AND DISTRIBUTION OF INFORMATION: The following section gives Salespeople the right under the privacy legislation to use
personal information provided to them by the Buyer in order to assist in making the transaction happen. It also assures the Buyer that this
information will not be distributed to third parties (i.e. pool or moving companies).

8. USE AND DISTRIBUTION OF INFORMATION: The Buyer consents to the collection, use and disclosure of personal information by the Brokerage
for such purposes that relate to the real estate services provided by the Brokerage to the Buyer including, but not limited to: locating, assessing and
qualifying properties for the Buyer; advertising on behalf of the Buyer; providing information as needed to third parties retained by the Buyer to assist
in a transaction (e.g. financial institutions, building inspectors, etc...); and such other use of the Buyer’s information as is consistent with the services
provided by the Brokerage in connection with the purchase or prospective purchase of the property.

The Buyer agrees that the sale and related information regarding any property purchased by the Buyer through the Brokerage may be retained and
disclosed by the Brokerage and/or real estate board(s) (if the property is an MLS® Listing) for reporting, appraisal and statistical purposes and for
such other use of the information as the Brokerage and/or board deems appropriate in connection with the listing, marketing and selling of real estate,
including conducting comparative market analyses.

The Buyer acknowledges that the information, personal or otherwise (“information”), provided to the real estate board or association may be stored on
databases located outside of Canada, in which case the information would be subject to the laws of the jurisdiction in which the information is located.

9. CONFLICT OR DISCREPANCY: If something is added to the Agreement (usually in a Schedule) then the provision(s) that were added
override the text (preset) provisions in the form.

9. CONFLICT OR DISCREPANCY: If there is any conflict or discrepancy between any provision added to this Agreement and any provision in the
standard pre-set portion hereof, the added provision shall supersede the standard pre-set provision to the extent of such conflict or discrepancy. This
Agreement, including any provisions added to this Agreement, shall constitute the entire Agreement between the Buyer and the Brokerage. There is
no representation, warranty, collateral agreement or condition, which affects this Agreement other than as expressed herein.

10. SUCCESSORS AND ASSIGNS: In the event one of the parties dies before closing their heirs and executors are bound by the Agreement.

10. SUCCESSORS AND ASSIGNS: The heirs, executors, administrators, successors and assigns of the undersigned are bound by the terms of this Agreement.

11. ELECTRONIC COMMUNICIATION: This Agreement, if necessary, may be sent via electronic means and still be binding on all parties.

11. ELECTRONIC COMMUNICATION: This Agreement and any agreements, notices or other communications contemplated thereby may be transmitted
by means of electronic systems, in which case signatures shall be deemed to be original. The transmission of this Agreement by the Buyer by electronic
means shall be deemed to confirm the Buyer has retained a true copy of the Agreement.

INITIALS OF BROKERAGE: INITIALS OF BUYER(S):
Form 300 Revised 2021 Page 4 of 5
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction
by its members and licensees only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter
when printing or reproducing the standard pre-set portion. OREA bears no liability for your use of this form.

12. ELECTRONIC SIGNATURES: This clause provides consent if the parties use electronic signatures with respect to this Agreement.
12. ELECTRONIC SIGNATURES: If this Agreement has been signed with an electronic signature the parties hereto consent and agree to the use of such

electronic signature with respect to this Agreement pursuant to the Electronic Commerce Act, 2000, S.O. 2000, c17 as amended from time to time.

13. SCHEDULE(S): If additional terms or a specic form or document is added to the form then it is referred to here.

13. SCHEDULE(S):.......................................................................................................................... attached hereto form(s) part of this Agreement.

This section states that the company representing the Buyer will assist the Buyer in locating a property with a general description as indicated
above and endeavor to obtain the acceptance of an Offer for the Buyer.
THE BROKERAGE AGREES TO REPRESENT THE BUYER IN LOCATING A REAL PROPERTY OF THE GENERAL DESCRIPTION INDICATED ABOVE IN AN

ENDEAVOUR TO OBTAIN THE ACCEPTANCE OF AN AGREEMENT TO PURCHASE OR LEASE A PROPERTY ON TERMS SATISFACTORY TO THE BUYER.

The Salesperson signs this on behalf of the Brokerage.

........................................................................................ ............................................ .....................................................................
(Authorized to bind the Brokerage) (Date) (Name of Person Signing)
EUSDEUCOANTILYONAL
The Buyer acknowledges having read and understood the terms of the Buyer Representation Agreement.
THIS AGREEMENT HAS BEEN READ AND FULLY UNDERSTOOD BY ME, I ACCEPT THE TERMS OF THIS AGREEMENT AND I ACKNOWLEDGE ON THIS DATE I
HAVE SIGNED UNDER SEAL. Any representations contained herein are true to the best of my knowledge, information and belief.

SIGNED, SEALED AND DELIVERED I have hereunto set my hand and seal:

.............................................................................................. ........................................... ...............................................................
(Signature of Buyer) (Seal) (Date) (Tel. No.)

.............................................................................................. ........................................... ...............................................................

(Signature of Buyer) (Seal) (Date) (Tel. No.)

The Declaration of Insurance is signed by the Salesperson stating that they carry insurance as required by the Real Estate and Business Brokers
Act (REBBA).

DECLARATION OF INSURANCE

The Salesperson/Broker/Broker of Record ....................................................................................................................................................
(Name of Salesperson/Broker/Broker of Record)

hereby declares that he/she is insured as required by REBBA.

..............................................................................................................................................................................
(Signature(s) of Salesperson/Broker/Broker of Record)

ACKNOWLEDGEMENT
The Buyer(s) hereby acknowledge that the Buyer(s) fully understand the terms of this Agreement and have received a copy of this Agreement

on the ……................................. day of ………..................………...........................….…………...................…………, 20 …...........................………...

................................................................................................................................................... ..................................................................
(Signature of Buyer) (Date)

................................................................................................................................................... ..................................................................
(Signature of Buyer) (Date)

The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by Form 300 Revised 2021 Page 5 of 5
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction
by its members and licensees only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter
when printing or reproducing the standard pre-set portion. OREA bears no liability for your use of this form.

RESOURCES TO HELP YOU WITH BUYING A HOME:
There are innumerable resources out there on how to buy a home. And many of them are excellent! But
some of them are also vague or inaccurate. So, without knowing your knowledge or experience level, I
like to recommend some very fundamental and key resources that can help you both understand the
real estate purchasing process as well as ensure you are get the best and most up-to-ate & accurate
information as possible.
To that end, I recommend you avail yourself of all the following as you see fit and as your time permits:

CANADIAN MORTGAGE AND HOUSING CORPORATION:

• BUYING A HOME – HERE
• OWNING A HOME - HERE
• RENTING A HOME - HERE

REAL ESTATE COUNCIL OF ONTARIO:

• COVID-19 AND REAL ESTATE - HERE
• BUYING A HOME - HERE

CANADIAN REAL ESTATE ASSOCIATION

• WHY A REALTOR - HERE
• HOMEBUYER’S ROADMAP - HERE
• TIPS FOR BUYERS - HERE
• HOUSING MARKET STATS - HERE

TORONTO REGIONAL REAL ESTATE BOARD (TRREB):

• THE BUYING AND SELLING PROCESS - HERE
• ABOUT THE GREATER TORONTO AREA - HERE
• GOVERNMENT PROGRAMS - HERE
• TORONTO REAL ESTATE MARKET DATA - HERE

GOVERNMENT OF CANADA:

• BUYING A HOME – HERE
• REAL ESTATE FRAUD – HERE
• MAINTAINING A HOME – HERE
• MORTGAGE QUALIFIER TOOL - HERE

PROVINCE OF ONTARIO:

• WHAT TO KNOW BEFORE BUYING A HOME – HERE
• BUY OR SELL A HOME – HERE
• BUYING A HOME AS A NON-RESIDENT – HERE
• RENTAL RIGHTS – HERE
• OWNING A CONDO – HERE
• CONDOMINIUM AUTHORITY OF ONTARIO – HERE
• TARION NEW HOME WARRANTY PROGRAM – HERE
• HOME CONSTRUCTION REGULATORY AUTHORITY - HERE
• CHANGING YOUR ADDRESS – HERE
• ONTARIO ASSOCIATION OF HOME INSPECTORS – HERE
• HIRING A MOVER – HERE

CITY OF TORONTO:

• NEIGHBOURHOOD PROFILES – HERE
• NEIGHBOURHOODS AND COMMUNITIES – HERE
• COVID-19 NEIGHBOURHOOD MAPS – HERE
• DATA AND RESEARCH MAPS – HERE
• PROPERTY TAX – HERE
• UTILITY BILL – HERE
• MY WATER TORONTO – HERE
• WASTE WIZZARD - HERE
• SERVICES AND PAYMENTS – HERE
• 311 – TORONTO AT YOUR SERVICES (KNOWLEDGED BASE) – HERE
• COVID-19 INFORMATION – HERE