Form 200 Revised 2018 Page 2 of 3
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate
Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
© 2018, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction
by its members and licensees only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter
when printing or reproducing the standard pre-set portion. OREA bears no liability for your use of this form.
3. REPRESENTATION: The Seller acknowledges that the Listing Brokerage has provided the Seller with information explaining agency relationships,
including information on Seller Representation, Sub-agency, Buyer Representation, Multiple Representation and Customer Service.
The Seller understands that unless the Seller is otherwise informed, the co-operating brokerage is representing the interests of the buyer in the
transaction. The Seller further acknowledges that the Listing Brokerage may be listing other properties that may be similar to the Seller’s Property
and the Seller hereby consents to the Listing Brokerage listing other properties that may be similar to the Seller’s Property without any claim by the
Seller of conict of interest. The Seller hereby appoints the Listing Brokerage as the Seller’s agent for the purpose of giving and receiving notices
pursuant to any offer or agreement to purchase the Property. Unless otherwise agreed in writing between Seller and Listing Brokerage, any
commission payable to any other brokerage shall be paid out of the commission the Seller pays the Listing Brokerage, said commission to be disbursed
in accordance with the Commission Trust Agreement.
MULTIPLE REPRESENTATION: The Seller hereby acknowledges that the Listing Brokerage may be entering into buyer representation agreements with
buyers who may be interested in purchasing the Seller’s Property. In the event that the Listing Brokerage has entered into or enters into a buyer representation
agreement with a prospective buyer for the Seller’s Property, the Listing Brokerage will obtain the Seller’s written consent to represent both the Seller and
the buyer for the transaction at the earliest practicable opportunity and in all cases prior to any offer to purchase being submitted or presented.
The Seller understands and acknowledges that the Listing Brokerage must be impartial when representing both the Seller and the buyer and equally
protect the interests of the Seller and buyer. The Seller understands and acknowledges that when representing both the Seller and the buyer, the Listing
Brokerage shall have a duty of full disclosure to both the Seller and the buyer, including a requirement to disclose all factual information about the
Property known to the Listing Brokerage.
However, the Seller further understands and acknowledges that the Listing Brokerage shall not disclose:
• that the Seller may or will accept less than the listed price, unless otherwise instructed in writing by the Seller;
• that the buyer may or will pay more than the offered price, unless otherwise instructed in writing by the buyer;
• the motivation of or personal information about the Seller or buyer, unless otherwise instructed in writing by the party to which the information
applies or unless failure to disclose would constitute fraudulent, unlawful or unethical practice;
• the price the buyer should offer or the price the Seller should accept; and
• the Listing Brokerage shall not disclose to the buyer the terms of any other offer.
However, it is understood that factual market information about comparable properties and information known to the Listing Brokerage concerning
potential uses for the Property will be disclosed to both Seller and buyer to assist them to come to their own conclusions.
Where a Brokerage represents both the Seller and the Buyer (multiple representation), the Brokerage shall not be entitled or authorized to be agent
for either the Buyer or the Seller for the purpose of giving and receiving notices.
MULTIPLE REPRESENTATION AND CUSTOMER SERVICE: The Seller understands and agrees that the Listing Brokerage also provides
representation and customer service to other sellers and buyers. If the Listing Brokerage represents or provides customer service to more than one
seller or buyer for the same trade, the Listing Brokerage shall, in writing, at the earliest practicable opportunity and before any offer is made, inform
all sellers and buyers of the nature of the Listing Brokerage’s relationship to each seller and buyer.
4. FINDERS FEES: The Seller acknowledges that the Brokerage may be receiving a nder’s fee, reward and/or referral incentive, and the Seller
consents to any such benet being received and retained by the Brokerage in addition to the Commission as described above.
5. REFERRAL OF ENQUIRIES: The Seller agrees that during the Listing Period, the Seller shall advise the Listing Brokerage immediately of all enquiries
from any source whatsoever, and all offers to purchase submitted to the Seller shall be immediately submitted to the Listing Brokerage before the Seller
accepts or rejects the same. If any enquiry during the Listing Period results in the Seller accepting a valid offer to purchase during the Listing Period or
within the Holdover Period after the expiration of the Listing Period, the Seller agrees to pay the Listing Brokerage the amount of Commission set out
above, payable within ve (5) days following the Listing Brokerage’s written demand therefor.
6. MARKETING: The Seller agrees to allow the Listing Brokerage to show and permit prospective buyers to fully inspect the Property during reasonable
hours and the Seller gives the Listing Brokerage the sole and exclusive right to place “For Sale” and “Sold” sign(s) upon the Property. The Seller
consents to the Listing Brokerage including information in advertising that may identify the Property. The Seller further agrees that the Listing Brokerage
shall have sole and exclusive authority to make all advertising decisions relating to the marketing of the Property for sale during the Listing Period. The
Seller agrees that the Listing Brokerage will not be held liable in any manner whatsoever for any acts or omissions with respect to advertising by the
Listing Brokerage or any other party, other than by the Listing Brokerage’s gross negligence or wilful act.
7. WARRANTY: The Seller represents and warrants that the Seller has the exclusive authority and power to execute this Authority to offer the Property for
sale and that the Seller has informed the Listing Brokerage of any third party interests or claims on the Property such as rights of rst refusal, options,
easements, mortgages, encumbrances or otherwise concerning the Property, which may affect the sale of the Property.
8. INDEMNIFICATION AND INSURANCE: The Seller will not hold the Listing Brokerage and representatives of the Brokerage responsible for
any loss or damage to the Property or contents occurring during the term of this Agreement caused by the Listing Brokerage or anyone else by any
means, including theft, re or vandalism, other than by the Listing Brokerage’s gross negligence or wilful act. The Seller agrees to indemnify and save
harmless the Listing Brokerage and representatives of the Brokerage and any co-operating brokerage from any liability, claim, loss, cost, damage or
injury, including but not limited to loss of the Commission payable under this Agreement, caused or contributed to by the breach of any warranty or
representation made by the Seller in this Agreement or the accompanying data form. The Seller warrants the Property is insured, including personal
liability insurance against any claims or lawsuits resulting from bodily injury or property damage to others caused in any way on or at the Property
and the Seller indemnies the Brokerage and all of its employees, representatives, salespersons and brokers (Listing Brokerage) and any co-operating
brokerage and all of its employees, representatives, salespersons and brokers (co-operating brokerage) for and against any claims against the Listing
Brokerage or co-operating brokerage made by anyone who attends or visits the Property.
9. FAMILY LAW ACT: The Seller hereby warrants that spousal consent is not necessary under the provisions of the Family Law Act, R.S.O. 1990, unless
the spouse of the Seller has executed the consent hereinafter provided.
10. VERIFICATION OF INFORMATION: The Seller authorizes the Listing Brokerage to obtain any information affecting the Property from any regulatory
authorities, governments, mortgagees or others and the Seller agrees to execute and deliver such further authorizations in this regard as may be
reasonably required. The Seller hereby appoints the Listing Brokerage or the Listing Brokerage’s authorized representative as the Seller’s attorney to
execute such documentation as may be necessary to effect obtaining any information as aforesaid. The Seller hereby authorizes, instructs and directs
the above noted regulatory authorities, governments, mortgagees or others to release any and all information to the Listing Brokerage.
11. USE AND DISTRIBUTION OF INFORMATION: The Seller consents to the collection, use and disclosure of personal information by the Brokerage for
the purpose of listing and marketing the Property including, but not limited to: listing and advertising the Property using any medium including the Internet;
disclosing Property information to prospective buyers, brokerages, salespersons and others who may assist in the sale of the Property; such other use of
INITIALS OF LISTING BROKERAGE: INITIALS OF SELLER(S):
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