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Can a real estate agent represent seller and buyer in Ontario?

In Ontario, it's legal for an agent to work for both the Buyer and the Seller. It's called Multiple Representation and it's complicated.

What is confirmation of cooperation and representation form?

Confirmation of Cooperation \u2013 OREA Form 320 The Confirmation of Cooperation details the type of relationship the Buyer and Seller have with their agent/brokerage (eg. Client or Customer) and the commission agreement between the Seller's brokerage and the Buyer's brokerage.

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.

What does form 810 mean?

Form 810 also explains what happens when a Realtor (real estate agent) is representing both the home buyer and the home seller. Keep in mind that the \u201cWorking With a Realtor\u201d (Form 810) is an agreement between you (the home buyer or the home seller) and the Brokerage, not you and your Realtor.

What is confirmation of cooperation and representation form?

Confirmation of Cooperation \u2013 OREA Form 320 The Confirmation of Cooperation details the type of relationship the Buyer and Seller have with their agent/brokerage (eg. Client or Customer) and the commission agreement between the Seller's brokerage and the Buyer's brokerage.

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