1.  BUYER BROKERAGE AGREEMENT An agreement with a Realtor* to use their services to help locate a home to purchase. Outlines the dates agreement is in force, remuneration, deposits, obligations.  Obligates a client to work with the agent until expiry or written notice of termination.

2.  WORKING WITH A REALTOR* A summary of the duties performed by the real estate agent as it pertains to you, outlines types of "agency" relationships.  You will be required to sign this document but it simply acknowledges an explanation of "agency" has *been given to you and does not obligate you to work with any particular agent.

3.  PURCHASE & SALE AGREEMENT Outlines offer price, closing date, conditions of sale, chattels the purchaser may want, etc.

4.  ADDENDUM FORM 101 Outlines more terms related to the sale such as water testing, septic issues, requests for documentation such as utility costs, restrictive covenants, etc.

5.  COUNTER OFFER After presenting an offer the vendor has the option of countering an offer and renegotiate price, chattels, conditions, etc.  Purchaser is able to accept, decline or present a new offer if the counter offer is unacceptable.

6.  LIMITED DUAL AGENCY Should the same brokerage be representing both the purchase and sale,  a LDA agreement requires signatures acknowledging that you are aware and agree to the situation.

7.  PROPERTY CONDITION DISCLOSURE STATEMENT  (PCDS) A document outlining various work that has been completed, upgrades, problems with major components of the house, and any other pertinent issues that would affect the salability of the house.  The buyer receives this document after an accepted offer is in place.  The buyer must initial the PCDS after review. 

8.  AMENDMENT TO AGREEMENT OF PURCHASE & SALE This is the purchaser's to revisit their offer should something unexpected turn up on the house inspection or PCDS.  We have 2 forms for this, one giving the buyer  and/or the vendor the opportunity to declare the offer null and void; the other requests corrective measures but still keeps the original agreement in force should the amendment not be accepted.

 

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