OREA’s popular standard forms webinar series is returning at 1:00pm on June 21st to address the topic of Creating and Using Standard Clauses. Hosts Cassandra Agnew Walker and John Burnet will once again team up to provide members with an update and refresher on the topic. Clause writing can be frustrating and clause drafting errors can … Continued
In last week’s blogs, we reviewed the revised and new OREA standard forms. This week we will look at the 2014 residential and commercial clauses. These pre-set wordings/statements that can be inserted into agreement to reflect the wishes of the parties are intended to make REALTORS’® lives easier. The 2014 Residential and Commercial Clauses document … Continued
Every year, the OREA Standard Forms Committee reviews requests and recommendations from REALTORS®, real estate boards, and other interested stakeholders regarding OREA standard forms and clauses. Based on this feedback and to keep current with the dynamic nature of real estate, the Committee has created several new forms and clauses, and revised existing forms and … Continued
OREA develops standard forms that form the basis for a binding agreement between a buyer and seller. Sometimes, these forms are not enough, so clauses are created. For 2012, the Standard Forms Committee revised two standard clauses and created five new clauses involving renewable energy (or green energy). The Law Society of Upper Canada requested … Continued
The revised 2012 standard forms addressed several important issues brought forward by REALTORS® and the real estate boards. The first involves the email notices clause. When first introduced by OREA, the clause, entitled “Email Delivery of Documents and Notices,” could be included in Schedule A of the standard agreements of purchase and sale. This is … Continued