You can choose the type of agreement according to your needs and preferences. Cea has eight mandatory real estate agency contracts for the sale, purchase and rental of residential real estate transactions. You can use exclusive or non-exclusive agreements for any type of transaction. The agreement protects the interests of both parties by clarifying the details of the real estate transaction, including: they should receive a copy of the signed agreement immediately or as soon as possible. Ask for a copy of your agent if they don`t extend to you. You can insert additional agreed clauses at the end of the prescribed agreement. If there is not enough space, you can write or print the additional terms in black ink on a separate sheet of pink paper. The policy should not be inferior to the font of the agreement originally prescribed. These additional conditions must not be contrary to, vary or restrict the conditions imposed by the agreement. From July, you can also ask your real estate agent to add a “Commitment to Service” document to the exclusive agency contract with the real estate agency.
In this document, you discuss and agree with your real estate agent on the level and scope of services offered, such as for example. B the frequency of announcements and “open house” sessions. You can terminate the agreement if your agent does not fulfill the service obligation. Consumers often wonder what mandatory brokerage contracts are. Is this a commission agreement? CEAnergy highlights five things to know about these agreements. It is advisable to sign the agreement with your real estate agent if you decide to use his services. We strongly recommend that you use the prescribed agreements, even if your real estate agent is someone you know. In addition to protecting the interests of the parties to the real estate transaction, you can use the CEA`s dispute resolution system by signing the CEA`s mandatory real estate agency contracts if you encounter subsequent contractual disputes with your real estate agent. The dispute settlement system offers the choice between mediation or arbitration by centres approved by the CEA. In addition, you should not delete any of the existing clauses of the prescribed agreement. Real estate agencies should not pre-seize a deal to negotiate with you, nor choose options for you. In addition to any changes to the additional conditions, completed information and changes to the choices in the prescribed agreement, both parties must make their date and initial.
. . .