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Trade record sheet real estate ontario 2026

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The document is a Trade Record Sheet (Form 640) used in Ontario for recording real estate transactions, including sales, leases, or exchanges. It captures essential details such as the parties involved (seller, buyer, brokers), property information, transaction amounts, and commission details. The form also includes sections for deposits and trust agreements related to the transaction.

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Click ‘Get Form’ to open the trade record sheet in the editor.
Begin by entering the Sale No. and MLS® No. at the top of the form, ensuring these identifiers are accurate for proper tracking.
Fill in your name as the Broker/Salesperson and provide details about the property sold, including its address and any relevant descriptions.
Complete the Seller/Landlord and Buyer/Tenant sections with their respective names and contact information, ensuring all fields are filled out clearly.
Input details regarding lawyers involved in the transaction, including their names, addresses, and contact numbers.
For financial details, specify total consideration for the transaction, completion date, deposit amounts, and payment methods (cash or cheque).
Finally, review all entries for accuracy before signing off on the document to ensure compliance with real estate regulations.

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What is the difference between a broker and a broker of record in Ontario?

The level of education distinguishes a broker from a salesperson. A salesperson can become a broker by taking additional courses and exams. A broker designation also allows someone to manage a brokerage. If they do take on that role, they are known as the Broker of Record.

What is broker of record vs broker?

A broker of record is not your typical real estate broker. This individual holds a brokers license but is coupled with the accountability for legal compliance and ethical practices within their brokerage firm.

How much does a broker of record make in Ontario?

As of Sep 1, 2025, the average annual pay for a Broker Of Record in Ontario is $73,322 a year. Just in case you need a simple salary calculator, that works out to be approximately $35.25 an hour. This is the equivalent of $1,410/week or $6,110/month.

What are the two types of brokers?

Discount brokers execute trades on behalf of a client, but typically dont provide investment advice. Full-service brokers provide execution services as well as tailored investment advice and solutions.

What is the difference between a real estate broker and a salesperson in Ontario?

On the other hand, a real estate broker is someone who has received more education and passed more examinations compared to the salesperson. With this additional training, he or she can manage or even own a real estate brokerage, establishing greater responsibility and authority for him or her within the industry.

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How to look up real estate agent sales on MLS Ontario?

0:50 3:28 Such as through a real estate agent or a subscription. Service you can search for an agents profileMoreSuch as through a real estate agent or a subscription. Service you can search for an agents profile for example if youre using the Matrix MLS. System you can search for the agent by name.