Real estate board releases new purchase contracts

by 26 Aug 2016
Although it isn’t known when the old contracts will no longer be accepted, REP has obtained a number of new contracts released for Alberta.

The Alberta Real Estate Association released three new contracts; the new residential purchase contract, the new residential resale condominium property purchase contract, and the new country residential purchase contract.

“The new forms are a change but other than the format, you will note one big change to all three contracts, that there is a place at the end for the seller to sign a ‘rejection’ if an offer is simply unacceptable and isn’t dealt with,” the assistant to the agent who shared the documents with REP said in an email. “There have been numerous cases of multiple offers and the buyer’s representative claims that they’re sure offers haven’t been dealt with or presented. 

“The rejection is confirmation that the sellers at least had it presented to them.”



 

COMMENTS

  • by 8/26/2016 10:27:14 AM

    Do a little bit of research, REP... the new contracts are in effect now.

  • by 8/26/2016 11:10:21 AM

    It's a bit Disconcerting that REP has chosen to freely distribute these contracts onto a public forum like this. AREA contracts are proprietary for the use of it's members only. At the very least you should have watermarked the contracts as "SAMPLE" or "NOT FOR USE".

  • by e. harold 8/26/2016 12:06:25 PM

    members pay for research and legal advice and Then you give it out FREE ! What the Hell is going on ?? talk about shafting membership Wow !

Poll

Is a Toronto foreign sales tax a good idea?