This is a customer service agreement between the seller and the real estate brokerage. This Form 201 is used when the property is not listed in MLS in Ontario, and the brokerage provides customer service to the home seller. It is a non exclusive agreement between the real estate brokerage and the home seller for a specific buyer.
For the rest real estate contracts, please read Orea Forms.
Real estate deposits will be held in the brokerage trust account. The brokerage can use it to pay for the commission after the closing.
The brokerage has explained the relationship between seller and agent, the concepts of representation, and customer service.
The seller acknowledges that the seller brokerage may take other incentives, referral fees, or reward
The seller will not claim against the agent/brokerage if there are any damages during showings. The seller’s property is properly insured.
The Seller hereby warrants that spousal consent is not necessary.
The seller allows the brokerage to obtain information to facilitate the transaction.
The explanation above is drafted by a real estate agent. For accuracy, please consult with the real estate lawyers.