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- The Ontario Real Estate Association ("OREA") is the producer and owner of a set of standardized forms used in Ontario real estate transactions and a set of standard clauses, including Guidelines for Residential and Commercial Clauses, for use with these forms and set of Forms Explained Form files (collectively, the "OREA Standard Forms").
www.orea.com/standard-forms-clauses/Terms-of-Use
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OREA Standard Forms & Clauses help to facilitate almost every real estate transaction in Ontario. OREA Forms resources provide Members with the education and updates required to be successful in their business.
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The Ontario Real Estate Association has developed these clauses for the use of its members in drafting Agreements of Purchase and Sale. The clauses which are contained herein are provided solely for the purpose of guidance and do not in any way constitute required wording. TAKE NOTE THAT EVERY REAL ESTATE TRANSACTION IS UNIQUE AND THE ONTARIO REAL
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Jan 12, 2024 · Today, we will go over the Ontario Real Estate Association (OREA) Agreement of Purchase and Sale for resale properties and discuss each clause proposed by OREA and what rights and obligations the agreement imposes on both the buyer and the seller.
OREA (Ontario Real Estate Association) prepares all those forms for its member use. In this article, all the frequently used forms are listed with a brief discussion regarding what it is used for, the main considerations you would take, and the common practices.
Jun 16, 2023 · Read our guide on OREA Forms 100 and 101. Learn about their differences, main clauses, and their critical role in residential property transactions.
Thanks to a joint initiative between the Working Group on Lawyers and Real Estate and the Ontario Real Estate Association, lawyers in private practice now have access to OREA Standard Forms including Agreements of Purchase and Sale and Lease forms.
Clauses have been made available on the Member’s Only section of the OREA website (www.orea.com), by way of an all-inclusive ‘zip folder’, found on the Standard Forms page. This enables a quick download for anyone wishing to retrieve all Standard Forms & Clause files at once.