Posted by: Nick Fundytus
Question of the week:
Why didn’t my realtor sign a BRA agreement before making an offer?
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My real estate agent didn’t make us sign form 300 -BRA. Isn’t that mandatory for the real estate agent to sign?
Nick's Answer:
Hi u/sgdev,
The short answer is yes, but it doesn’t invalidate your offer.
The longer answer is that Realtors in Ontario are supposed to explain client and customer representation to you clearly early in the home search process, and that form 300 should be signed by you and your Realtor very soon after that. RECO explains further. When my team and I are working with Buyers, we sign this early but only after the client is comfortable with us and the forms, usually after the first couple of showings to see if we’re a good fit to work together.
That said, it’s a written contract between you and your agent (which, technically speaking, is your Realtor’s brokerage) and so it doesn’t directly affect the terms of any offers you may write. Any Agreement of Purchase and Sale that you enter into is still valid, even if form 300 is not signed. Here’s a detailed breakdown of all that form.
It’s worth reminding your Realtor to sign the form for his own sake. Good luck on the offer!
Source: I’m a Realtor in Ottawa, Ontario.
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