Brian Madigan LL.B., Broker
BRMadigan@iSourceRealEstate.com

RE/MAX West Realty Inc.,
Brokerage
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300
Toll Free: 1-888-507-0817

 

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Number of Copies and Distribution (2, 3, 4 Originals)

May 28, 2013

 

 

 

Let’s have a look at an actual real estate transaction and see what happens with the copies of the agreement.

 

Assume the following:

 

  • Vendor: Robert Smith

 

  • Spouse of Vendor: Mary Ann Castlemore

 

  • Purchasers: William and Martha Jones

 

  • Vendor’s agent: ABC Realty Inc.

 

  • Vendor’s sales representative: Lorne Wycliffe

 

  • Vendor’s lawyer: Bob Seemore

 

  • Purchasers’ agent: XYZ Realty Inc.

 

  • Purchasers’ sales representative: Harold Wilson

 

  • Purchasers’ lawyer: C. J. Radcome

 

  • Property: matrimonial home

 

2 Originals

 

With 2 originals, then there should be one for both sides to the deal. The Vendor gets a copy and the Purchasers get a copy of the original too.

 

As between the two purchasers, they can decide who gets the original and who gets the true copy.

 

3 Originals

 

Now, that we have 3 originals, the vendor will get one and the two purchasers will get the two other originals.

 

4 Originals

 

Once we have 4 copies, then we have an extra. That should go to Mary. She is a party to the contract. She signed the spousal consent.

 

She is to have the final original copy, before the brokerages and the lawyers.

 

 

 

Brian Madigan LL.B., Broker

www.iSourceRealEstate.com

 

 


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Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

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