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Sample contracts and paperwork required when purchasing Vancouver Real Estate
1. Working with a Realtor Pamphlet
This is an informational pamplet that provides information about the legal Agency relationship between a Realtor and their clients (Buyers and Sellers alike) as well as information concerning the Privacy Act as it relates to your personal information. This form is not a contract, it is a "sign as having read" document.
Working With A Realtor Pamphlet
2. Disclosure of Remuneration
Prior to you making an offer, your realtor is required to disclose to you, as a BUYER, the total commissions and any other remuneration they expect to receive as a result of your buying any real estate in Vancouver.
3. "The Offer" - Contract Of Purchase and Sale
This is the most significant document you will run into during the Buying process. It's very straight forward and you Buyer's representative will help you understand it and fully complete it.
4. Subject Removal form
If you have any subjects in your offer (Contract of Purchase and Sale), in order to make your offer firm and binding, you'll have to "remove" these subjects. This is done simply by inserting the words, "To remove the following subjects" at the top of an addendum to your contract and reprinting the subjects you wish to remove below.
Contract of Purchase and Sale Addendum
5. FINTRAC Form
As of June 2008 this is a new, mandetory form required for the purchase or sale of all real estate in Canada. It has been instituted in an attempt to reduce money laundering and organized crime activity related to real estate. It requires Buyers and Sellers to produce qualifying ID to their agent or mandetory. ***Note: Your sale can not proceed without this form being submitted complete.
6. Legal: Conveyance and Mortgage documents
Yor legal representative will handle these documents for you and explain what is needed to complete your purchase.