bc2057 rev. da june 2018-v2 copyright - bc real estate association and canadian bar association (bc branch) contract of purchase and sale information about this contract this information is included for the assistance of the parties only. it does not form part of the contract and should not affect the proper interpretation of any of its terms. 1.. I will start by first explaining the buying process briefly. See below a short procedure on purchasing a real estate in BC. 1. Buyer drafts agreement of purchase and sale (offer). 2. Seller reviews the purchase and sale agreement. 3. The seller counters the purchase agreement. 4.
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UPDATE (January 11, 2021): An update has been made to this video at the 11 minute mark to provide greater clarity on acceptance of a Contract of Purchase and Sale concerning counter offers. All other aspects of this video remain unchanged. The British Columbia Real Estate Association (BCREA) has created a video for REALTORS® to share with their clients to help explain one of the key documents.. The Seller and Buyer specifically confirm that this Contract of Purchase and Sale is executed under seal. It is agreed and understood, that the Seller's acceptance is irrevocable until after the date specified for the Buyer to either; fulfill or waive the terms and conditions herein contained; and /or.
