BCREA Explores Four Standard Forms in New Tutorial Videos for REALTORS®

In BCREA’s latest release of tutorial videos for BC REALTORS^®, we explore four key standard forms:

• the Co-Listing Form – Separate Representation,
• the General Release and Authorization to Pay Deposit Funds form,
• the Notice of Condition Waiver / Declaration of Fulfillment form, and
• the Lockbox Acknowledgement, Consent, Release and Indemnity form.

These tutorial videos are intended to help Realtors better understand and use these common forms and feel confident in explaining these forms to their clients.

Co-Listing Form – Separate Representation

This video tutorial explores the Co-Listing Form – Separate Representation, which allows multiple sellers who may have opposing interests to each have their own designated agent to represent their interest in the sale of a property.

To learn more about this form, click here to access the form toolkit on the Standard Forms Resource Centre.

General Release and Authorization to Pay Deposit Funds

This video tutorial explores the General Release and Authorization to Pay Deposit Funds form, which should be used when all parties agree that the Contract of Purchase and Sale should be terminated.

To learn more about this form, click here to access the form toolkit on the Standard Forms Resource Centre.

Notice of Condition Waiver / Declaration of Fulfillment

This video tutorial explores the Notice of Condition Waiver / Declaration of Fulfillment. This form is intended to document when a benefiting party (or parties) waives or declares fulfilled the condition(s) that were included in the original Contract of Purchase and Sale.

To learn more about this form, click here to access the form toolkit on the Standard Forms Resource Centre.

Lockbox Acknowledgement, Consent, Release and Indemnity

This video tutorial explores the Lockbox Acknowledgement, Consent, Release and Indemnityform, which was created to support Realtors in facilitating discussions with clients around the uses, benefits and potential risks of using a lockbox.

To learn more about this form, click here to access the form toolkit on the Standard Forms Resource Centre.

To access other videos created for Realtors and consumers, as well as form guides, revision guides, form toolkits and more, please consult the Standard Forms Resources Index or visit the Standard Forms Resource Centre.

If you have questions on Standard Forms, please email [email protected].

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