Service Agreements

Checklist for general required content in a service agreement:

1. The name of the client and the licensee name of the brokerage;
2. The address of the real estate in relation to which services are provided under the agreement;
3. The date on which the agreement is effective;
4. In the case of a service agreement for trading services, the date on which the agreement expires and, in any other case, the duration of the agreement;
5. A general description of services to be provided by the brokerage;
6. The remuneration to be paid under the agreement and the circumstances in which it will be payable; and
7. A provision respecting the use and disclosure of personal information; and
   1. In the case of a service agreement for trading services that provides for a portion of remuneration to be paid by a listing brokerage to a cooperating brokerage, the following information:
      1. If there is a cooperating brokerage,
         1. The remuneration to be paid by the seller to the listing brokerage,
         2. The remuneration to be paid by the listing brokerage to the cooperating
            brokerage, and
         3. The remuneration to be retained by the listing brokerage;
      2. If there is no cooperating brokerage, the remuneration to be paid by the seller and to
         be retained by the listing brokerage.