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  1. CBABC and the BC Real Estate Association hold joint copyright over the Standard Form Contracts of Purchase and Sale and related documents. They are available free of charge to CBA members. By accessing and using these forms, the CBA member acknowledges and agrees that these forms were developed by CBABC and BCREA for the use and reproduction by ...

  2. Nov 7, 2023 · The standard Contract of Purchase and Sale (CPS) is a familiar form of contract. Parties in a transaction and their representatives have come to expect the standardized form of CPS when contracting for residential real estate. However, some clauses in the CPS can be confusing for buyers, sellers, and REALTORS® alike. In this two-part series ...

  3. May 15, 2020 · The Contract of Purchase and Sale Explained. The Contract of Purchase and Sale (CPS) is one of the key documents used in a real estate transaction. The attached video created by the British Columbia Real Estate Association (BCREA) will help you understand and answer some of the common questions, such as: When does the process begin and when is ...

  4. Jun 4, 2024 · In collaboration with the Canadian Bar Association BC Branch, BCREA has created a newly updated video to help consumers better understand what’s involved in the preparation of the Contract of Purchase and Sale (CPS) – Residential for a particular property. REALTORS® may want to show this video to their clients when discussing the CPS – ...

  5. Jul 20, 2020 · I will start by first explaining the buying process briefly. See below a short procedure on purchasing a real estate in BC. 1. Buyer drafts agreement of purchase and sale (offer). 2. Seller reviews the purchase and sale agreement. 3. The seller counters the purchase agreement. 4.

  6. (a) the contracts for the acquisition or disposition of real estate; (a.1) the offers for the purchase or sale of real estate, or for the assignment of a contract for the purchase and sale of real estate, that a related licensee of the brokerage has delivered or received on behalf of a party to a trade in real estate;

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  8. Dec 12, 2023 · Section 18 (Representations and Warranties) states that “there are no representations, warranties, guarantees, promises or agreements other than those set out in this Contract and representations contained in the Property Disclosure Statement if incorporated into and forming part of this contract, all of which will survive the completion of the sale.”

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