January 7th - 2012

New and revised forms for 2012 from OREA

Standard forms produced by the Ontario Real Estate Association play an important role in the day-to-day business of brokers and salespeople across the province.

Standard forms produced by the Ontario Real Estate Association play an important role in the day-to-day business of brokers and salespeople across the province. To keep up with industry changes and issues, the OREA Standard Forms Committee works continuously to make sure its forms are relevant and current. One new form was created for 2012 and several existing forms were revised.

The new creation is Form 141 – Assignment of Agreement of Purchase and Sale – Condominium. It was developed as a result of requests from members for an assignment agreement designed specifically for condominiums. This new form is not substantially different from Form 140, the standard assignment agreement, except that it includes the description of a condominium.

Other changes are laid out in the accompanying table.

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For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246