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1 SELLERS REPRESENTATION LETTER (Rule 144(b)(1)) Non Affiliated Legend Removal) (DATE) Clark Wilson LLP 800885 West Georgia Street Vancouver, BC V6C 3H1 Canada and to Pacific Stock Transfer Company

How to fill out sellers representation letter rule

How to Fill out Sellers Representation Letter Rule:

1. Start by addressing the letter to the appropriate party, such as the buyer, broker, or attorney. Include the date, your name, and contact information at the top of the letter.
2. Begin the letter by clearly stating that you, as the seller, are providing a representation of the property. Specify the purpose of the letter, whether it is for a real estate transaction, legal agreement, or any other relevant situation.
3. Provide a detailed description of the property being sold. Include essential details such as the address, square footage, number of rooms, and any unique features or amenities. Be thorough and accurate while describing the property.
4. Outline any known defects or issues with the property. It is essential to disclose any material defects or problems that could affect the value or condition of the property. This includes problems such as structural issues, water damage, mold, or any other relevant concerns.
5. Include any relevant documents or attachments that support the information provided in the letter. This may include property surveys, inspection reports, permits, or any other documentation that validates the property's condition or legal status.

Who needs a Sellers Representation Letter Rule:

1. Real estate agents or brokers: A sellers representation letter rule is often required by real estate agents or brokers when representing a seller in a property transaction. It helps ensure that the agent has accurate and comprehensive information about the property.
2. Buyers or investors: Buyers or investors may request a sellers representation letter rule to gain a better understanding of the property they are interested in. It helps them assess the property's condition, potential risks, and any known issues before making a purchase decision.
3. Attorneys or legal professionals: Sellers representation letter rules are often used in legal proceedings or contracts involving real estate. Attorneys or legal professionals may require this document to verify property information or negotiate terms on behalf of their clients.

In conclusion, filling out a sellers representation letter rule requires providing a detailed description of the property, disclosing any known defects or issues, and including any supporting documents. This document is typically needed by real estate agents, buyers or investors, and attorneys or legal professionals involved in property transactions or legal agreements.

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