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Commonly Asked Questions about Real Estate Fiduciary Forms

It is an agreement between the sellers brokerage and buyers brokerage and it defines the buyer relationship with the buyer agent as well. It stipulates how much the real estate commission is paid to the buyer brokerage.
Form 244 Sellers Direction re: Property/Offer - This form is used to get written instructions from sellers related to their wishes regarding their property and the manner and timing in which offers are to be presented to them.
A Form 801 Offer Summary Document can be called an intermediate file on the way to creating a final real estate purchase agreement. It is needed so that the buyer can express their intention to purchase in writing. This format and the buyers signature ensure that the person is genuinely interested in the transaction.
Our mission: To support Ontario REALTORS in helping people find a great place to call home, work and thrive. There are nearly 100,000 REALTOR Members who take up this mission for Ontarians every day.
If you wish to amend an agreement, it is suggested that you use OREAs Standard Form 120. When first submitted by one party to the other, this form is an offer to amend the signed APS that exists between the parties. As an offer, it is open to acceptance or rejection by the other party.
It is an acknowledgment that the home buyer or seller has to sign to indicate that the salesperson has explained the following: The relationship between the real estate agency and the buyer or seller in Ontario. The meaning of multiple representation and its impacts on the buyer or seller if it occurs.
These OREA Standard Forms are for use by OREA members and certain licensees only. Any other use or reproduction is prohibited except with the prior written consent of OREA.
OREA Form 100 Agreement of Purchase and Sale OREA Form 100, like OREA Form 101, is also known as the Agreement of Purchase and Sale, but it is used for all other types of houses in the residential resale market, not just condos.