April 24, 2017
If you need help understanding and working with standard real estate forms, a short video tutorial can help.
Four new tutorials are being posted to the website of the Ontario Real Estate Association (OREA) on April 28 and can be watched at a date and time convenient to you.
In a fiercely competitive marketplace, information is one of the most valuable assets for REALTORS®, especially when it comes to the legal and regulatory aspects of the real estate transaction. OREA is therefore offering four more forms tutorials to help members navigate their professional obligations and protect the best interests of consumers. These narrated recordings describe the details of various sections of different forms, including screen shots. It brings the current total of this resource for members to 15.
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“Each tutorial describes the purpose of the form, circumstances when it can be used, and a walk-through of each section for completion of the form,” says Cassandra Agnew Walker, OREA’s senior manager, standard forms. “Having a solid grasp of each form enables you to provide the best possible service to your clients and customers.”
All tutorials are less than five minutes in length and feature accompanying slides. They are designed to bring members up to speed on widely used forms. These simple, practical tools focus on the purpose of the forms and the steps involved in completing them. They remove guesswork by breaking down the forms into manageable sections.
The new tutorials cover the following real estate forms:
Form #124 – Notice of Fulfillment of Conditions: used when a condition in an Agreement of Purchase and Sale has been fulfilled and the party whom the condition is for is communicating that fulfillment to the other party in the agreement.
Form #125 – Termination of Agreement by Buyer: used after buyers have decided to exercise their right to terminate an Agreement of Purchase and Sale due to non-fulfillment of a condition.
Form #130 – Fax Cover Sheet – Offers: used to track the delivery and receipt of offers and other documents between brokerages.
Form #240 – Amendment to Listing Agreement: used when a brokerage and a seller agree to a change to their Listing Agreement.
To see these forms tutorials, click here. More tutorials are scheduled to be recorded and posted in the months ahead. Keep watching your email inbox for details about these and other resources to help you with your day-to-day transactions.
In addition to the tutorials, OREA is also offering interactive web seminars (webinars) and numerous helpful “Forms Explained” documents that simplify the content of various forms. For more details, visit www.orea.com and log into the Members’ section. Click on Standard Forms and then on Webinars and Tutorials.
Story by Mary Ann Gratton
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