Standard Forms For Buying
Standard Forms for Buying Whistler Real Estate
1. Disclosure of representation in Trading Services
This form explains the different relationships consumers can have with a real estate professional to buy, sell or lease property. This form is not a contract, it is a "sign as having read" document.
2. Privacy and Consent
To help you sell, buy, or lease real estate, REALTORS®, brokerages and real estate boards need to collect, use and disclose some of your personal information. This form provides you with information about, and obtains your consent to, such information handling practices.
3. Disclosure of Remuneration
Prior to you making an offer, we are required to disclose to you, as a Buyer, the total commissions and any other remuneration we expect to receive as a result of your buying real estate in Whistler.
4. Contract of Purchase and Sale
This is the most significant document you will run into during the Buying process. It's very straight forward and we will help you understand it and fully complete it.
5. Subject Removal Form
If you have any subjects in your offer (Contract of Purchase and Sale), in order to make your offer firm and binding, you'll have to "remove" these subjects. This is done simply by inserting the words, "To remove the following subjects" at the top of an addendum to your contract and reprinting the subjects you wish to remove below.
6. FINTRAC Form
This is a mandatory form, required for the purchase or sale of all real estate in Canada. It has been instituted in an attempt to reduce money laundering and organized crime activity related to real estate. It requires Buyers and Sellers to produce qualifying ID to their agent or mandatory. Your purchase cannot proceed without this form being submitted complete.
7. Legal: Conveyance and mortgage documents
Your legal representative will handle these documents for you and explain what is needed to complete your purchase.