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OREA Form 320, Confirmation of Co-operation and Representation
Get your OREA Form 320, Confirmation of Co-operation and Representation in 3 easy steps
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01 Fill and edit template
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02 Sign it online
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03 Export or print immediately
What is OREA Form 320?
An OREA Form 320 is a two-page document, one of the most commonly used in the real estate business. It is filled out before any real estate processes start and officially records all participants in the processes, their representatives, brokerage intermediaries, and interested parties.
What do I need the OREA Form 320 for?
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The OREA Form 320 PDF is the first step in any real estate transaction.
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It is important for all participants in the process since it formalizes the relationship between the parties and also approves the brokerage agents’ commission.
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If a seller and a buyer use the services of one brokerage, it must be specified.
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Don’t sign the printable OREA Form 320 if you disagree with the multiple representation brokerage or are not fully aware of the forthcoming transaction terms.
Organizations that work with OREA Form 320:
- Real estate services.
How to Fill Out Orea Form 320?
Step 1: Open the Form OREA 320 fillable template and fill in the header with the buyer’s and seller’s names and the address of the property in question.
Step 2: Choose the form of brokerage representation that suits your particular case. If you pick multiple representation, a conflict of interest may arise, so read the terms and conditions described carefully.
Step 3: Specify whose interests the brokerage represents in this case and determine the commission percentage that will be paid to the expert.
Step 4: Enter the contact details of the brokerage representatives. The buyer and the seller should sign and agree to the information listed in OREA 320 Confirmation of Co-operation and Representation.
Fillable online OREA Form 320, Confirmation of Co-operation and Representation