How to get OREA commercial agreement of purchase and sale form 500?

OREA standard forms are for use by OREA members and certain licensees only; they are not published for the public. Your real estate agent prepares Form 500 for you through an authorized provider such as CREA's WEBForms. PDFLiner's template lets you read the form and prepare a draft.

How to sign OREA standard forms?

To sign the form electronically, click the "Sign Field" and choose one of the ways to create a signature and make one. After that, click the "Sign" button.

OREA Form 500, Agreement of Purchase and Sale, Commercial: Fillable PDF

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What Is OREA Form 500?

OREA Form 500 is the Ontario Real Estate Association's Agreement of Purchase and Sale, Commercial: the standard offer a buyer makes to purchase commercial real property in Ontario, which becomes a binding agreement once the final offer or counteroffer is accepted and the acceptance is communicated within the irrevocable period. It can be used for vacant commercial land (check zoning and permitted use, with a condition in the offer if needed), but the right form depends on the transaction (Form 100 is the residential agreement, 501 the commercial condominium resale, 502 a business in leased premises).

OREA Form 500 in PDFLiner editor

What do I need the OREA 500 commercial agreement of purchase and sale for?

This form was created for commercial transactions and sets out both parties' obligations:

As a buyer, you use it to state the price, deposit, closing date, conditions and title requirements of your offer;
As a seller, you accept, reject or sign back the offer; the accepted form records the money terms, the dates and the warranties given.

The blank on this page is OREA Form 500 "Revised 2019" and runs to 6 pages; OREA has since issued later revisions (a 2022 edition is cited by LexisNexis practice notes and a "Revised 2023" copy appears in a public SEC exhibit), so it is not the current edition. OREA licenses its standard forms to its members and certain licensees only; in practice your REALTOR prepares Form 500 through an authorized provider such as CREA's WEBForms.

Organizations that work with form OREA 500

Ontario Real Estate Association (OREA);
Ontario REALTORS and their brokerages.

PDFLiner is not affiliated with, endorsed by, or licensed by the Ontario Real Estate Association (OREA). OREA Standard Forms are copyright OREA and are developed for use by OREA members and licensees. The official current versions are maintained by OREA; the pre-set text of the form must not be altered when it is printed or reproduced.

How to Fill Out OREA Form 500?

Step 1: Provide the date of the agreement.

Step 2: Include the name of buyer and seller.

Step 3: Name the address of the property and details on its sizes.

Step 4: State the purchase price and the deposit that buyer pays in the first place. Name the deposit holder.

Step 5: Share the details on payment, irrevocability, completion date.

Step 6: Provide information on fixtures, rental items.

Step 7: Include the information on the witnesses, signatures, dates.

Step 8: Sign the document and put the initials on every page.

OREA 500 Form in PDFLiner editor

Form Versions

2014 Fillable OREA Form 500 for 2014 Fill Out Form

FAQ: OREA Form 500 Popular Questions

How to get OREA commercial agreement of purchase and sale form 500?

OREA standard forms are for use by OREA members and certain licensees only; they are not published for the public. Your real estate agent prepares Form 500 for you through an authorized provider such as CREA's WEBForms. PDFLiner's template lets you read the form and prepare a draft.
How to sign OREA standard forms?

To sign the form electronically, click the "Sign Field" and choose one of the ways to create a signature and make one. After that, click the "Sign" button.

OREA Form 500