Assignment of Agreement of Purchase and Sale: Form 145
Assignment of Agreement of Purchase and Sale: Form 145
Assignment of Agreement
of Purchase and Sale
Form 145
for use in the Province of Ontario
25 day of ...................................................................................
This Assignment of Agreement of Purchase and Sale dated this ............. February 21
20............
Rehan Tariq
ASSIGNEE: ................................................................................................................................................................., agrees to purchase from
(Full legal names of all Assignees)
28-314 Equestrian way Cambridge ON N3E 0E2 fronting on the ......................................................... side
Address ....................................................................................................................
Cambridge
of .......................................................... City of Cambridge
in the .................................................................................................................................................
14.5 Feet
and having a frontage of .............................................................. 37 Feet
more or less by a depth of ............................................................ more or less
Block 247, Plan 58M617 Subject to an easement in gross over part 15 plan 58R20232 as in WR1130602
and legally described as ...................................................................................................................................................................................
City of Cambridge
................................................................................................................................................................................................. (the “property”)
(Legal description of land including easements not described elsewhere)
upon acceptance
DEPOSIT: Assignee submits ................................................................................................................................................................................
(Herewith/Upon Acceptance/as otherwise described in this Agreement)
Twenty Thousand
..................................................................................................................................................... 20,000.00
Dollars (CDN$) ..........................................
The Assignee and Assignor acknowledge that the Purchase Price noted above includes both the purchase price the Assignor is
paying for the property as indicated in the Agreement of Purchase and Sale between the Assignor and the seller of the property
attached hereto as Schedule C, and also includes the amount being paid by the Assignee to the Assignor as payment for the
Assignment Agreement. The Assignee and Assignor agree that the funds for this transaction will be calculated and paid as set
out in Schedule B attached hereto and forming part of this Agreement.
Assignee agrees to pay the balance as more particularly set out in Schedules A and B attached.
Schedule A, B (Calculation of funds for this Agreement), C (Agreement of Purchase and Sale that is the subject of this Assignment),
1. Assignee
IRREVOCABILITY: This offer shall be irrevocable by ................................................................... 11:59
until .......................... 26
on the ....................
(Assignee/Assignor) (a.m./p.m.)
February 21
✘
day of ................................................................................ 20 ............, after which time, if not accepted, this offer shall be null and void and
the deposit shall be returned to the Assignee in full without interest.
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, 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. Form 145 Revised 2021 Page 1 of 7
DocuSign ID:
Authentisign Envelope ID: 6B3EA28D-6EC4-41C3-A0F9-4A48F1C86C51
7F3DBFC5-9CF2-4CF2-A55B-1DF7DB373179
2. ASSIGNMENT: The Assignor agrees to grant and assign to the Assignee, forthwith all the Assignor’s rights, title and interest, in, under and to the
Agreement of Purchase and Sale attached hereto in Schedule “C”.
3. ASSIGNEE COVENANTS: The Assignee hereby covenants and agrees with the Assignor that forthwith upon the assignment of the Agreement of
Purchase and Sale it will assume, perform, comply with and be bound by, all obligations, warranties and representations of the Assignor as contained
in the Agreement of Purchase and Sale as if the Assignee had originally executed the Agreement of Purchase and Sale as buyer with the seller.
5. NOTICES: The Assignor hereby appoints the Listing Brokerage as agent for the Assignor for the purpose of giving and receiving notices pursuant
to this Agreement. Where a Brokerage (Assignee’s Brokerage) has entered into a representation agreement with the Assignee, the Assignee hereby
appoints the Assignee’s Brokerage as agent for the purpose of giving and receiving notices pursuant to this Agreement. Where a Brokerage
represents both the Assignor and the Assignee (multiple representation), the Brokerage shall not be appointed or authorized
to be agent for either the Assignee or the Assignor for the purpose of giving and receiving notices. Any notice relating hereto or
provided for herein shall be in writing. In addition to any provision contained herein and in any Schedule hereto, this offer, any counter-offer, notice
of acceptance thereof or any notice to be given or received pursuant to this Agreement or any Schedule hereto (any of them, “Document”) shall
be deemed given and received when delivered personally or hand delivered to the Address for Service provided in the Acknowledgement below, or
where a facsimile number or email address is provided herein, when transmitted electronically to the facsimile number or email address, respectively,
in which case, the signature(s) of the party (parties) shall be deemed to be original.
[email protected]
Email Address: .............................................................................. [email protected]
Email Address: ................................................................................
(For delivery of Documents to Assignor) (For delivery of Documents to Assignee)
6. HST: If the sale of the Property (Real Property as described above) is subject to Harmonized Sales Tax (HST), then such tax shall be
included in
............................................................... the Purchase Price. If the sale of the Property is not subject to HST, Assignor agrees to certify on or before
(included in/in addition to)
closing, that the sale of the Property is not subject to HST. Any HST on chattels, if applicable, is not included in the Purchase Price.
7. FUTURE USE: Assignor and Assignee agree that there is no representation or warranty of any kind that the future intended use of the property by
Assignee is or will be lawful except as may be specifically provided for in this Assignment.
8. INSPECTION: Assignee acknowledges having had the opportunity to inspect the property or the plans and documents for the property to be
constructed and understands that upon acceptance of this offer there shall be a binding Assignment agreement between Assignee and Assignor.
9. PLANNING ACT: Provided that this Assignment shall not be effective to create or convey an interest in the property unless and until the provisions
of the Planning Act RSO 1990 c. P13, as amended are complied with.
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, 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. Form 145 Revised 2021 Page 2 of 7
DocuSign ID:
Authentisign Envelope ID: 6B3EA28D-6EC4-41C3-A0F9-4A48F1C86C51
7F3DBFC5-9CF2-4CF2-A55B-1DF7DB373179
10. RESIDENCY: (a) Subject to (b) below, the Assignor represents and warrants that the Assignor is not and on completion will not be a non-resident
under the non-residency provisions of the Income Tax Act which representation and warranty shall survive and not merge upon the completion of this
transaction and the Assignor shall deliver to the Assignee a statutory declaration that Assignor is not then a non-resident of Canada;
(b) provided that if the Assignor is a non-resident under the non-residency provisions of the Income Tax Act, the Assignee shall be credited towards
the Purchase Price with the amount, if any, necessary for Assignee to pay to the Minister of National Revenue to satisfy Assignee’s liability in respect
of tax payable by Assignor under the non-residency provisions of the Income Tax Act by reason of this sale. Assignee shall not claim such credit if
Assignor delivers on completion the prescribed certificate.
11. ADJUSTMENTS: Any rents, mortgage interest, realty taxes including local improvement rates and unmetered public or private utility charges and
unmetered cost of fuel, as applicable, shall be apportioned and allowed to the day of completion, the day of completion itself to be apportioned to
Assignee.
12. PROPERTY ASSESSMENT: The Assignee and Assignor hereby acknowledge that the Province of Ontario has implemented current value assessment
and properties may be re-assessed on an annual basis. The Assignee and Assignor agree that no claim will be made against the Assignee and
Assignor, or any Brokerage, Broker or Salesperson, for any changes in property tax as a result of a re-assessment of the property, save and except
any property taxes that accrued prior to the completion of this transaction.
13. TIME LIMITS: Time shall in all respects be of the essence hereof provided that the time for doing or completing of any matter provided for herein
may be extended or abridged by an agreement in writing signed by Assignor and Assignee or by their respective lawyers who may be specifically
authorized in that regard.
14. TENDER: Any tender of documents or money hereunder may be made upon the Assignor or Assignee or their respective lawyers on the day set for
completion. Money shall be tendered with funds drawn on a lawyer’s trust account in the form of a bank draft, certified cheque or wire transfer using
the Large Value Transfer System.
15. APPROVAL OF THE AGREEMENT: In the event that consent to this Assignment is required to be given by the seller in the Agreement of Purchase
and Sale attached hereto in Schedule C, the Assignor will apply, at the sole expense of the Assignor, forthwith for the requisite consent, and if such
consent is refused, then this agreement shall be null and void and the deposit monies paid hereunder shall be refunded without interest or other penalty
to the Assignee.
16. AGREE TO CO-OPERATE: Except as otherwise expressed herein to the contrary, each of the Assignor and Assignee shall, without receiving
additional consideration therefor, co-operate with and take such additional actions as may be requested by the other party, acting reasonably, in
order to carry out the purpose and intent of this Assignment.
17. DEFAULT BY SELLER: The Assignee and Assignor acknowledge and agree that if this Assignment Agreement is not completed due to the default of
the seller for the Agreement of Purchase and Sale (Schedule C) that is the subject of this Assignment, the Assignor shall not be liable for any expenses,
losses or damages incurred by the Assignee and this Assignment Agreement shall become null and void and all moneys paid by the Assignee under
this Assignment Agreement shall be returned to the Assignee in full without interest.
18. LEGAL, ACCOUNTING AND ENVIRONMENTAL ADVICE: The parties acknowledge that any information provided by the Brokerage is not
legal, tax or environmental advice.
19. CONSUMER REPORTS: The Assignee is hereby notified that a consumer report containing credit
and/or personal information may be referred to in connection with this transaction.
20. AGREEMENT IN WRITING: If there is conflict or discrepancy between any provision added to this Assignment (including any Schedule attached
hereto) and any provision in the standard pre-set portion hereof, the added provision shall supersede the standard pre-set provision to the extent of
such conflict or discrepancy. This Assignment including any Schedule attached hereto, shall constitute the entire agreement between Assignee and
Assignor. There is no representation, warranty, collateral agreement or condition, which affects this Assignment other than as expressed herein. This
Assignment shall be read with all changes of gender or number required by the context.
21. TIME AND DATE: Any reference to a time and date in this Agreement shall mean the time and date where the property is located.
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, 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. Form 145 Revised 2021 Page 3 of 7
DocuSign ID:
Authentisign Envelope ID: 6B3EA28D-6EC4-41C3-A0F9-4A48F1C86C51
7F3DBFC5-9CF2-4CF2-A55B-1DF7DB373179
22. SUCCESSORS AND ASSIGNS: The heirs, executors, administrators, successors and assigns of the undersigned are bound by the terms herein.
SIGNED, SEALED AND DELIVERED in the presence of: IN WITNESS whereof I have hereunto set my hand and seal:
I, the Undersigned Assignor, agree to the above offer. I hereby irrevocably instruct my lawyer to pay directly to the brokerage(s) with whom I have agreed
to pay commission, the unpaid balance of the commission together with applicable Harmonized Sales Tax (and any other taxes as may hereafter be
applicable), from the proceeds of the sale prior to any payment to the undersigned on completion, as advised by the brokerage(s) to my lawyer.
SIGNED, SEALED AND DELIVERED in the presence of: IN WITNESS whereof I have hereunto set my hand and seal:
CONFIRMATION OF ACCEPTANCE: Notwithstanding anything contained herein to the contrary, I confirm this Agreement with all changes both typed
and written was finally accepted by all parties at .......................................... this ................. day of....................................................., 20...........
(a.m./p.m.)
..................................................................................................
(Signature of Assignor or Assignee)
INFORMATION ON BROKERAGE(S)
Remax Twin City Realty inc;
Listing Brokerage ....................................................................................................................... 519-579-4110
...........................................................
(Tel.No.)
Khuram Khan
...............................................................................................................................................................................................................
(Salesperson/Broker/Broker of Record Name)
IPRO REALTY LTD.
Co-op/Assignee Brokerage .......................................................................................................... (905) 507-4776
...........................................................
(Tel.No.)
FAISAL KHAN
...............................................................................................................................................................................................................
(Salesperson/Broker/Broker of Record Name)
ACKNOWLEDGEMENT
I acknowledge receipt of my signed copy of this accepted Assignment I acknowledge receipt of my signed copy of this accepted Assignment
Agreement and I authorize the Brokerage to forward a copy to my lawyer. Agreement and I authorize the Brokerage to forward a copy to my lawyer.
2/25/2021 | 9:46 PM EST
.......................................................................... ............................ ........................................................................ ...............................
(Assignor) Syed Sajjad Alam (Date) (Assignee) Rehan Tariq (Date)
.......................................................................... ............................ ........................................................................ ...............................
(Assignor) Maha Mateen (Date) (Assignee) (Date)
Address for Service ............................................................................ Address for Service ............................................................................
........................................................ ............................................. ........................................................ .............................................
(Tel. No.) (Tel. No.)
Assignor’s Lawyer .............................................................................. Assignee’s Lawyer ..............................................................................
Address ............................................................................................ Address .............................................................................................
Email ................................................................................................ Email ................................................................................................
....................................................... .............................................. ....................................................... ........... ...................................
(Tel. No.) (Fax. No.) (Tel. No.) (Fax. No.)
....................................................................................................................... .............................................................................................
(Authorized to bind the Listing Brokerage) (Authorized to bind the Co-operating Brokerage)
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, 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. Form 145 Revised 2021 Page 4 of 7
DocuSign ID:
Authentisign Envelope ID: 6B3EA28D-6EC4-41C3-A0F9-4A48F1C86C51
7F3DBFC5-9CF2-4CF2-A55B-1DF7DB373179
Schedule A
Assignment of Agreement of Purchase and Sale
Form 145
for use in the Province of Ontario
This Schedule is attached to and forms part of the Assignment of Agreement of Purchase and Sale between:
Rehan Tariq
ASSIGNEE: ............................................................................................................................................................................................., and
BALANCE OF PAYMENT UNDER THIS ASSIGNMENT AGREEMENT: The Assignee will deliver the balance of payment for this Assignment Agreement
as more particularly set out in Item 6. on Schedule B, subject to adjustments, with funds drawn on a lawyer’s trust account in the form of a bank draft,
certified cheque or wire transfer using the Large Value Transfer System, to the Assignor prior to completing the transaction in the Agreement of Purchase
and Sale attached hereto as Schedule “C” to be held in trust without interest pending completion or other termination of the Agreement of Purchase and
Sale attached hereto as Schedule “C”.
The assignee agrees to pay by certified cheque or bank draft, within Fifteen (15) business days after the
acceptance of this agreement, to Assignor's Brokerage/lawyer, an additional deposit of $40,000 to be held in
trust. Assignee hereby give irrevocable authority to Assignor's Brokerage/lawyer to release these funds to
Assignor, after all the conditions has been waived and/or fulfilled. If any of the conditions, included in this
Assignment of agreement of purchase and sale is not waived/ fulfilled within the time period stated herein , this
deposit will be returned to Assignee without interest or deduction. This deposit shall be applied towards the
deposit paid by the Assignor to the Seller/Builder.
The parties to this transaction hereby acknowledge that the Co-operating Broker acts for the Assignee under a
Buyer Representation Agreement and that the Co-operating Broker will be compensated through the Listing Broker.
The Assignee hereby warrants that the Assignee is not currently a party to a buyer representation agreement with
any other registered real estate brokerage for the purchase or lease of a real property.
This offer is conditional upon the approval of the terms of this Assignment of Agreement of Purchase and Sale and
Agreement of Purchase and Sale being assumed hereof by the Assignee and Assignee's solicitor, at their sole and
absolute discretion. Unless the Assignee gives notice in writing delivered to the Assignor personally or in
accordance with any other provisions for the delivery of notice in this Assignment of Agreement of Purchase and
Sale or any Schedule thereto not later than 5 banking days((Excluding Saturday ,Sunday and bank holidays)
following the date of acceptance of this offer, that this condition is fulfilled, this Offer shall be null and
void and all the deposits shall be returned to the Assignee in full without deduction. This condition is included
for the benefit of
the Assignee and may be waived at the Assignee's sole option by notice in writing to the Assignor as aforesaid
within the time period stated herein.
This Offer is conditional upon the Assignee arranging, at Assignee's own expense, a new Charge/Mortgage
satisfactory to the Assignee in the Assignee's sole and absolute discretion. Unless the Assignee gives notice in
writing delivered to the Assignor personally or in accordance with any other provisions for the delivery of
notice in this Agreement of Purchase and Sale or any Schedule thereto not later than Seven (5) banking days
(Excluding Saturday, Sunday and bank holidays)following the date of acceptance of this offer, that this condition
is fulfilled, this Offer shall be null and void and all the deposits shall be returned to the Assignee in full
without deduction. This condition is included for the benefit of the Assignee and may be waived at the Assignee's
sole option by notice in writing to the Assignor as aforesaid within the time period stated herein.
This offer is conditional upon assignment, prepared by Seller/Builder, executed and completed by Assignee,
Assignor and the Seller/Builder within Fifteen (15) business days ((Excluding Saturday, Sunday and bank holidays)
following the date of acceptance of this offer, failing which this offer shall become null and void and all the
deposits shall be returned to the Assignee in full without interest or deduction This condition is included for
the sole benefit of the Assignee and may be waived at Assignee's sole option by notice in writing, delivered to
the Assignor within the time
period stated herein. The Assignee shall indemnify and save harmless the Assignor from all damages and costs
which may result from any breach of agreement with the Seller/builder by the Assignee.
This form must be initialed by all parties to the Assignment of Agreement of Purchase and Sale.
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, 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. Form 145 Revised 2021 Page 5 of 7
DocuSign ID:
Authentisign Envelope ID: 6B3EA28D-6EC4-41C3-A0F9-4A48F1C86C51
7F3DBFC5-9CF2-4CF2-A55B-1DF7DB373179
Schedule A
Assignment of Agreement of Purchase and Sale
Form 145
for use in the Province of Ontario
This Schedule is attached to and forms part of the Assignment of Agreement of Purchase and Sale between:
Rehan Tariq
ASSIGNEE: ............................................................................................................................................................................................., and
BALANCE OF PAYMENT UNDER THIS ASSIGNMENT AGREEMENT: The Assignee will deliver the balance of payment for this Assignment Agreement
as more particularly set out in Item 6. on Schedule B, subject to adjustments, with funds drawn on a lawyer’s trust account in the form of a bank draft,
certified cheque or wire transfer using the Large Value Transfer System, to the Assignor prior to completing the transaction in the Agreement of Purchase
and Sale attached hereto as Schedule “C” to be held in trust without interest pending completion or other termination of the Agreement of Purchase and
Sale attached hereto as Schedule “C”.
Assignee will pay Assignee's own legal cost, Land transfer tax and any other associated closing
costs including but not limited to mentioned in Agreement of Purchase and Sale being assumed, at
time of final closing outlined by Assignee's. The Assignee agrees that notwithstanding the
assignment of the agreement to Assignee, Assignee shall keep the Assignor informed as to the status
of the transaction with the Seller/Builder and the progress towards closing.
Assignment fee, if any, to be paid to Seller/Builder of Agreement of Purchase and Sale (19)being
assumed, will be paid by the Assignor.
If this Assignment of Agreement of Purchase and Sale is subject to Harmonized Sales Tax (HST), then
such tax shall be included in the purchase price. If Agreement of Purchase and Sale being assumed
is subject to Harmonized Sales Tax(HST), it will be as per Agreement of Purchase and Sale being
assumed.
The Assignor warrants that all deposits as per Agreement of Purchase and Sale being assumed has
been paid to the seller/builder and currently no money is owned for any extras or upgrades ordered
(if any). Assignee gives irrevocable instructions to Assignee's solicitor to NOT to complete the
purchase with Builder/Seller of Agreement of Purchase and Sale being assumed, unless Assignor
provides a
certified cheque/bank draft, to Assignee's solicitor, to cover all the money owed to Assignor under
this Assignment of Agreement of Purchase and Sale.
The Assignee(s) agrees and acknowledge the POTL fee is $180/month, and also Water
Heater/Furnace/Air Condition is Rental for 79.99+HST/Month. as per builder's original Agreement.
This form must be initialed by all parties to the Assignment of Agreement of Purchase and Sale.
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, 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. Form 145 Revised 2021 Page 6 of 7
DocuSign ID:
Authentisign Envelope ID: 6B3EA28D-6EC4-41C3-A0F9-4A48F1C86C51
7F3DBFC5-9CF2-4CF2-A55B-1DF7DB373179
Schedule B
Assignment of Agreement of Purchase and Sale
Form 145
for use in the Province of Ontario
This Schedule is attached to and forms part of the Assignment of Agreement of Purchase and Sale between:
Rehan Tariq
ASSIGNEE: ............................................................................................................................................................................................., and
The Assignee and Assignor agree that the calculation of funds to be paid for this Assignment Agreement, subject to adjustments, is as set out in the following
Items:
1. Total Purchase Price including the original Agreement of Purchase and Sale
and this Assignment Agreement: 670,000.00
$ ___________________
3. Deposit(s) paid by Assignor to the seller under the original Agreement of Purchase
and Sale as indicated in Schedule C, to be paid by the Assignee to the Assignor 40,000.00
$ ___________________
as follows:
.....................................................................................................................................................................................
(Upon acceptance of this Assignment Agreement and receipt of consent to assign from original seller, if applicable/Upon final closing of original
Agreement of Purchase and Sale and this Assignment Agreement/As otherwise described here or elsewhere in this Agreement)
5. Deposit paid under this Assignment Agreement (in accordance with Page 1 of this
Assignment Agreement): 20,000.00
$ ___________________
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, 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. Form 145 Revised 2021 Page 7 of 7
DocuSign ID:
Authentisign Envelope ID: 6B3EA28D-6EC4-41C3-A0F9-4A48F1C86C51
7F3DBFC5-9CF2-4CF2-A55B-1DF7DB373179
Confirmation of Co-operation
and Representation
Form 320
for use in the Province of Ontario
Rehan Tariq
BUYER: ..........................................................................................................................................................................................................
DEFINITIONS AND INTERPRETATIONS: For the purposes of this Confirmation of Co-operation and Representation:
“Seller” includes a vendor, a landlord, lessor, or a prospective, seller, vendor, landlord or lessor and “Buyer” includes a purchaser, a tenant, lessee or
a prospective, buyer, purchaser, tenant or lessee and “sale“ includes a lease, and “Agreement of Purchase and Sale” includes an Agreement to Lease.
Commission shall be deemed to include other remuneration.
The following information is confirmed by the undersigned salesperson/broker representatives of the Brokerage(s). If a Co-operating Brokerage is involved
in the transaction, the brokerages agree to co-operate, in consideration of, and on the terms and conditions as set out below.
DECLARATION OF INSURANCE: The undersigned salesperson/broker representative(s) of the Brokerage(s) hereby declare that he/she is insured as
required by the Real Estate and Business Brokers Act, 2002, (REBBA).
1. LISTING BROKERAGE
a) ✘ The Listing Brokerage represents the interests of the Seller in this transaction. It is further understood and agreed that:
1) ✘ The Listing Brokerage is not representing or providing Customer Service to the Buyer.
(If the Buyer is working with a Co-operating Brokerage, Section 3 is to be completed by Co-operating Brokerage)
2) The Listing Brokerage is providing Customer Service to the Buyer.
b) MULTIPLE REPRESENTATION: The Listing Brokerage has entered into a Buyer Representation Agreement with the Buyer and
represents the interests of the Seller and the Buyer, with their consent, for this transaction. The Listing Brokerage must be impartial and
equally protect the interests of the Seller and the Buyer in this transaction. The Listing Brokerage has 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 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.
Additional comments and/or disclosures by Listing Brokerage: (e.g. The Listing Brokerage represents more than one Buyer offering on this property.)
.......................................................................................................................................................................................................................
.......................................................................................................................................................................................................................
.......................................................................................................................................................................................................................
.......................................................................................................................................................................................................................
2. PROPERTY SOLD BY BUYER BROKERAGE – PROPERTY NOT LISTED
The Brokerage ............................represent the Buyer and the property is not listed with any real estate brokerage. The Brokerage will be paid
(does/does not)
.......................................................................................................................................................................................................................
.......................................................................................................................................................................................................................
.......................................................................................................................................................................................................................
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, 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. Form 320 Revised 2019 Page 1 of 2
DocuSign ID:
Authentisign Envelope ID: 6B3EA28D-6EC4-41C3-A0F9-4A48F1C86C51
7F3DBFC5-9CF2-4CF2-A55B-1DF7DB373179
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Additional comments and/or disclosures by Co-operating Brokerage: (e.g., The Co-operating Brokerage represents more than one Buyer offering on this
property.)
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Commission will be payable as described above, plus applicable taxes.
COMMISSION TRUST AGREEMENT: If the above Co-operating Brokerage is receiving payment of commission from the Listing Brokerage, then the
agreement between Listing Brokerage and Co-operating Brokerage further includes a Commission Trust Agreement, the consideration for which is the
Co-operating Brokerage procuring an offer for a trade of the property, acceptable to the Seller. This Commission Trust Agreement shall be subject to and
governed by the MLS® rules and regulations pertaining to commission trusts of the Listing Brokerage’s local real estate board, if the local board’s MLS®
rules and regulations so provide. Otherwise, the provisions of the OREA recommended MLS® rules and regulations shall apply to this Commission Trust
Agreement. For the purpose of this Commission Trust Agreement, the Commission Trust Amount shall be the amount noted in Section 3 above. The Listing
Brokerage hereby declares that all monies received in connection with the trade shall constitute a Commission Trust and shall be held, in trust, for the
Co-operating Brokerage under the terms of the applicable MLS® rules and regulations.
905-507-4776
Tel:. ......................................... 905-507-4779
Fax: ................................................ 519-579-4110
Tel:. ......................................... Fax: ................................................
2/25/2021 | 6:47 PM PST
..................................................................... ................................ ..................................................................... ................................
(Authorized to bind the Co-operating/Buyer Brokerage) (Date) (Authorized to bind the Listing Brokerage) (Date)
FAISAL KHAN
........................................................................................................ Khuram Khan
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(Print Name of Salesperson/Broker/Broker of Record) (Print Name of Salesperson/Broker/Broker of Record)
CONSENT FOR MULTIPLE REPRESENTATION (To be completed only if the Brokerage represents more than one client for the transaction)
ACKNOWLEDGEMENT
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by
The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the
quality of services they provide. Used under license.
© 2021, 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. Form 320 Revised 2019 Page 2 of 2