Get the free OREA Form 502: Agreement of Purchase and Sale

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Agreement of Purchase and Sale Form 502Business in Leased Premisesfor use in the Province of OntarioDISCLAIMER: The Ontario Real Estate Association (OREA) owns certain standardized forms that are

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How to fill out orea form 502 agreement

01

Enter the names of the buyer and seller in the designated spaces.

02

Include the address of the property being sold.

03

Specify the purchase price and any deposits being made.

04

Outline any conditions or clauses that need to be included in the agreement.

05

Sign and date the form once all sections have been completed.

Who needs orea form 502 agreement?

01

Real estate agents

02

Buyers and sellers of real estate properties

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What is OREA Form 502 agreement?

OREA Form 502 is a standard agreement used in real estate transactions in Ontario, Canada, primarily related to the sale or purchase of properties.

Who is required to file OREA Form 502 agreement?

All parties involved in a real estate transaction, including buyers and sellers, may be required to complete and file OREA Form 502 to formalize their agreement.

How to fill out OREA Form 502 agreement?

To fill out OREA Form 502, parties must provide accurate details about the property, terms of the sale, financial arrangements, and signatures of all parties involved.

What is the purpose of OREA Form 502 agreement?

The purpose of OREA Form 502 is to legally document the terms of a real estate transaction, ensuring that both parties understand and agree to the conditions of the sale.

What information must be reported on OREA Form 502 agreement?

The agreement must include information such as the property address, names of the parties involved, sale price, deposit details, and any conditions of the sale.

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