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What is the difference between waiver and notice of fulfillment?

When a party provides a Notice of Fulfillment, they are legally proclaiming that the condition has been fulfilled. A Waiver on the other hand does not have the same effect or result as the Notice of Fulfillment.

Is Orea Form 801 mandatory?

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.

Can anyone use Orea form?

These OREA Standard Forms and Clauses 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.

What is Form 801 Orea?

OREA's new form aims to meet the needs for the content required within a prescribed document. It is Form 801: OREA Offer Summary Document for Use with Agreement of Purchase and Sale. \u201cThis new form was created by OREA to satisfy the need for an \u201cequivalent prescribed document,\u201d she adds.