Ontario FSBO Real Estate Purchase and Sale Contract

Buy or sell a home in Ontario without a realtor with this For Sale by Owner (FSBO) Real Estate Purchase and Sale Contract.

  • This contract is only for use in transactions where neither party is using a realtor.
  • If HST is payable on the transaction, the purchaser will be responsible for paying it.
  • If the sale is not subject to HST, the vendor agrees to certify that there is no HST payable.
  • The vendor pays the costs of preparing the transfer documents. The purchaser pays for the preparation of the mortgage (if any).
  • This is not the OREA standard form of contract. OREA forms must be obtained from a member of the Ontario Real Estate Association.
  • This legal contract template is provided in MS Word format and is fully editable.
  • Intended to be used only in the Province of Ontario, Canada.
Document Type: Microsoft Word
Last Updated: 24-October-2024
SKU: 4942
    $17.99
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    Ontario PREC Remuneration Agreement

    Ontario realtors, take advantage of corporate tax rates on the commissions you earn by setting up a personal real estate corporation (PREC) and running your revenues through it.

    • This Remuneration Agreement between the realtor, the PREC and the realtor’s brokerage establishes the relationship between the parties and sets out how revenues earned by the realtor will be paid.
    • The realtor is engaged by the brokerage as a real estate salesperson and is the incorporator and shareholder of the PREC.
    • Remuneration earned by the realtor is paid by the brokerage to the PREC instead of directly to the realtor.
    • The Agreement does not create an employment, agency, partnership, joint venture or similar relationship between the brokerage and either of the other parties.
    • The PREC and the realtor are responsible for withholding and remitting all required taxes and EI and other contributions.
    • The PREC personnel are not eligible to participate in any benefit or compensation programs offered by the brokerage to its own employees.
    • The PREC does not carry on business as a real estate brokerage.
    • This document complies with the laws of the Province of Ontario, Canada.
    $24.99