{"id":54001,"date":"2024-02-13T19:24:55","date_gmt":"2024-02-13T19:24:55","guid":{"rendered":"https:\/\/yanicksarrazin.com\/?p=54001"},"modified":"2024-08-12T20:20:23","modified_gmt":"2024-08-12T20:20:23","slug":"how-does-an-exclusive-brokerage-contract-purchase-bcp-work","status":"publish","type":"post","link":"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/how-does-an-exclusive-brokerage-contract-purchase-bcp-work\/","title":{"rendered":"How does an Exclusive Brokerage Contract &#8211; Purchase (BCP) work?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"54001\" class=\"elementor elementor-54001\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0cfd3c2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0cfd3c2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-94d899e stretch-to-none\" data-id=\"94d899e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-58d8061 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"58d8061\" data-element_type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tHow does an Exclusive Brokerage Contract - Purchase (BCP) work?- Key Information\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__58d8061\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__58d8061\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__58d8061\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7a4774 elementor-widget elementor-widget-text-editor\" data-id=\"c7a4774\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When purchasing your property, you are represented by a real estate broker. This broker asks you to sign an <a href=\"https:\/\/www.oaciq.com\/uploads\/ckeditor\/attachments\/352\/brokerage-contract-purchase-residential-immovable.pdf\">Exclusive Brokerage Contract &#8211; Purchase<\/a>. You are not certain about the specifics of this type of contract. <a href=\"https:\/\/yanicksarrazin.com\/en\/montreal-real-estate-broker\/\">Our real estate brokers<\/a> will answer all your questions.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dbb3ebc elementor-widget elementor-widget-heading\" data-id=\"dbb3ebc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is an Exclusive Brokerage Contract - Purchase?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-89f34e9 elementor-widget elementor-widget-text-editor\" data-id=\"89f34e9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When acquiring a<a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-news\/divided-and-undivided-co-ownership-how-to-differentiate-them\/\"> divided co-ownership, undivided co-ownership<\/a>, or a building with fewer than 5 units, it is important to note that signing an<a href=\"https:\/\/www.oaciq.com\/en\/pages\/buyer-the-exclusive-brokerage-contract-purchase\"> Exclusive Brokerage Contract &#8211; Purchase<\/a> is an essential step. This form, mandatory according to the regulations of <a href=\"https:\/\/www.oaciq.com\/en\">the Organisme d&#8217;autor\u00e9glementation du courtage immobilier du Qu\u00e9bec (OACIQ)<\/a>, allows the real estate broker to represent their client exclusively and actively defend their interests. The purpose of this contract is to ensure your protection as a buyer.<\/span><\/p><p><span style=\"font-weight: 400;\">The Exclusive Brokerage Contract &#8211; Purchase plays an important role in establishing a formal relationship between the client and <a href=\"https:\/\/yanicksarrazin.com\/en\/montreal-real-estate-broker\/\">the real estate broker<\/a>, defining the terms and conditions of the collaboration. By signing this contract, the client grants the broker the exclusive mandate to search for and negotiate the purchase of the targeted real estate property, thus avoiding <a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/end-of-double-agency-bill-5\/\">dual agency.<\/a><\/span><\/p><p><span style=\"font-weight: 400;\">The main responsibilities of the real estate broker, as outlined in this contract, are to act professionally, transparently, and in accordance with the ethical standards of the profession. They must work in the client&#8217;s best interest by providing all relevant information and using their expertise to secure the best possible purchase terms.<\/span><\/p><p><span style=\"font-weight: 400;\">The signing of the Exclusive Brokerage Contract &#8211; Purchase thus establishes a relationship of trust between the client and the broker, setting a clear framework for the search and acquisition of the real estate property. It is an essential measure to ensure a fair and successful real estate transaction, while safeguarding the client&#8217;s rights and interests throughout the purchasing process. The signing of the Exclusive Brokerage Contract &#8211; Purchase presents numerous advantages. Discover them in <a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/the-benefits-of-the-exclusive-brokerage-contract-purchase-bcp\/\"><em><strong>&#8221;The Advantages of the Exclusive Brokerage Contract &#8211; Purchase.&#8221;<\/strong><\/em><\/a><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c84479 elementor-widget elementor-widget-heading\" data-id=\"0c84479\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are its components?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35e1189 elementor-widget elementor-widget-text-editor\" data-id=\"35e1189\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The Exclusive Brokerage Contract &#8211; Purchase contains several elements. Here are the main components that are generally included in this type of contract.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69eef7d elementor-widget elementor-widget-heading\" data-id=\"69eef7d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. Identification of the Parties<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd5317d elementor-widget elementor-widget-text-editor\" data-id=\"bd5317d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In this first section of the contract, the aim is to specify the parties involved in the real estate transaction. The real estate broker must verify the identity of the buyer with a valid piece of identification such as a driver&#8217;s license, permanent resident card, health insurance card, or passport. The identification of the agency or broker must be included along with the broker&#8217;s complete details, including their name, address, contact information, and any relevant legal information for the real estate broker or agency concerned. The buyer&#8217;s identification must also be detailed with information such as the name, address, and contact details of the buyer<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0148ceb elementor-widget elementor-widget-image\" data-id=\"0148ceb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"677\" height=\"715\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Identification-of-the-parties-Exclusive-Brokerage-Contract-Purchase.png\" class=\"attachment-large size-large wp-image-54185\" alt=\"Identification of the parties - Exclusive Brokerage Contract-Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Identification-of-the-parties-Exclusive-Brokerage-Contract-Purchase-284x300.png 284w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Identification-of-the-parties-Exclusive-Brokerage-Contract-Purchase.png 677w\" sizes=\"(max-width: 677px) 100vw, 677px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9c7c8d elementor-widget elementor-widget-heading\" data-id=\"e9c7c8d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. Object and Term of Contract<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-271de20 elementor-widget elementor-widget-text-editor\" data-id=\"271de20\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This refers to the period during which the exclusive brokerage contract is in effect. It may include the start date and end date of the contract, as well as any conditions for its early termination.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d524a41 elementor-widget elementor-widget-image\" data-id=\"d524a41\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"691\" height=\"394\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Object-and-term-of-contract-Exclusive-brokerage-contract-Purchase.png\" class=\"attachment-large size-large wp-image-54187\" alt=\"Object and term of contract - Exclusive brokerage contract - Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Object-and-term-of-contract-Exclusive-brokerage-contract-Purchase-300x171.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Object-and-term-of-contract-Exclusive-brokerage-contract-Purchase.png 691w\" sizes=\"(max-width: 691px) 100vw, 691px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04deb4e elementor-widget elementor-widget-heading\" data-id=\"04deb4e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. Essential Features of the Immovable<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b03bcf7 elementor-widget elementor-widget-text-editor\" data-id=\"b03bcf7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This is a detailed description of the real estate sought by the buyer. It may include details such as the type of property (apartment, house, income property, land), geographical location, etc.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78cc4cb elementor-widget elementor-widget-image\" data-id=\"78cc4cb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"696\" height=\"215\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Essential-features-of-the-immovable-Exclusive-Brokerage-contract-Purchase-.png\" class=\"attachment-large size-large wp-image-54189\" alt=\"Essential features of the immovable - Exclusive Brokerage contract - Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Essential-features-of-the-immovable-Exclusive-Brokerage-contract-Purchase--300x93.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Essential-features-of-the-immovable-Exclusive-Brokerage-contract-Purchase-.png 696w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d8f9a52 elementor-widget elementor-widget-heading\" data-id=\"d8f9a52\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4. Additional Features<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a6da5e3 elementor-widget elementor-widget-text-editor\" data-id=\"a6da5e3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This concerns additional information related to the property such as the number of bedrooms, desired amenities, etc.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aac2a33 elementor-widget elementor-widget-image\" data-id=\"aac2a33\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"679\" height=\"196\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Additional-Features-Exclusive-brokerage-contract-Purchase.png\" class=\"attachment-large size-large wp-image-54191\" alt=\"Additional Features - Exclusive brokerage contract - Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Additional-Features-Exclusive-brokerage-contract-Purchase-300x87.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Additional-Features-Exclusive-brokerage-contract-Purchase-555x160.png 555w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Additional-Features-Exclusive-brokerage-contract-Purchase-350x100.png 350w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Additional-Features-Exclusive-brokerage-contract-Purchase.png 679w\" sizes=\"(max-width: 679px) 100vw, 679px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-88fed63 elementor-widget elementor-widget-heading\" data-id=\"88fed63\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">5. Desired Price and Terms of Purchase<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-275582e elementor-widget elementor-widget-text-editor\" data-id=\"275582e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In this section, the buyer must indicate the price range they are looking for, the date or timeframe desired for the signing of the deed of sale, as well as the date or timeframe desired for occupancy.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c3f0a6a elementor-widget elementor-widget-image\" data-id=\"c3f0a6a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"683\" height=\"132\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Desired-price-and-terms-of-purchase-Exclusive-brokerage-contract-Purchase.png\" class=\"attachment-large size-large wp-image-54194\" alt=\"Desired price and terms of purchase - Exclusive brokerage contract - Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Desired-price-and-terms-of-purchase-Exclusive-brokerage-contract-Purchase-300x58.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Desired-price-and-terms-of-purchase-Exclusive-brokerage-contract-Purchase.png 683w\" sizes=\"(max-width: 683px) 100vw, 683px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75a1459 elementor-widget elementor-widget-heading\" data-id=\"75a1459\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">6. Remuneration<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1090f0b elementor-widget elementor-widget-text-editor\" data-id=\"1090f0b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The &#8220;Remuneration&#8221; section pertains to the terms and conditions related to the compensation of the real estate broker for their services. This generally includes the fees and other compensations that the broker will receive in exchange for their work in facilitating the purchase of real estate for the buyer. Typically, it is the seller who pays the broker&#8217;s compensation.<\/span><\/p><p><span style=\"font-weight: 400;\">For the broker&#8217;s fees, it can be a percentage of the purchase price of the real estate, a flat fee, or another agreed-upon formula between the parties.<\/span><\/p><p><span style=\"font-weight: 400;\">At the end of this section, it is also mentioned that the agency or the real estate broker will not be entitled to any compensation if:<\/span><\/p><p><span style=\"font-weight: 400;\">-They hold an interest.<\/span><\/p><p><span style=\"font-weight: 400;\">-A company or legal person under their control holds an interest.<\/span><\/p><p><span style=\"font-weight: 400;\">OR<\/span><\/p><p><span style=\"font-weight: 400;\">If any of the following persons sell a property to the buyer while holding interests:<\/span><\/p><p><span style=\"font-weight: 400;\">-The spouse of the broker or the broker representing the agency with whom they are married or living in a common-law relationship.<\/span><\/p><p><span style=\"font-weight: 400;\">-A legal person or company controlled by the spouse of the broker, or the broker representing the agency with whom they are married or living in a common-law relationship.<\/span><\/p><p><span style=\"font-weight: 400;\">OR<\/span><\/p><p><span style=\"font-weight: 400;\">If the seller does not sign the deed of sale or the payment of the purchase price is not made.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-afacbef elementor-widget elementor-widget-image\" data-id=\"afacbef\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"675\" height=\"607\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Remuneration-Exclusive-brokerage-contract-Purchase.png\" class=\"attachment-large size-large wp-image-54196\" alt=\"Remuneration - Exclusive brokerage contract - Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Remuneration-Exclusive-brokerage-contract-Purchase-300x270.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Remuneration-Exclusive-brokerage-contract-Purchase.png 675w\" sizes=\"(max-width: 675px) 100vw, 675px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c95d541 elementor-widget elementor-widget-heading\" data-id=\"c95d541\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">7. Declarations and Obligations of the Buyer<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cbfa2b2 elementor-widget elementor-widget-text-editor\" data-id=\"cbfa2b2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In this section, the buyer acknowledges that the contract is exclusive and commits to negotiating the purchase of real estate through the broker during the specified period in the contract. If the buyer attends an open house for a property, they must inform the seller or the seller&#8217;s broker (listing broker) on site that they are represented by a broker.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f2d42c2 elementor-widget elementor-widget-image\" data-id=\"f2d42c2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"686\" height=\"331\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Declarations-and-obligations-of-the-buyer-Exclusive-brokerage-contract-Purchase.png\" class=\"attachment-large size-large wp-image-54198\" alt=\"Declarations and obligations of the buyer - Exclusive brokerage contract - Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Declarations-and-obligations-of-the-buyer-Exclusive-brokerage-contract-Purchase-300x145.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Declarations-and-obligations-of-the-buyer-Exclusive-brokerage-contract-Purchase.png 686w\" sizes=\"(max-width: 686px) 100vw, 686px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5741ff6 elementor-widget elementor-widget-heading\" data-id=\"5741ff6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">8. Obligations of the Agency or Broker<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-617a2f4 elementor-widget elementor-widget-text-editor\" data-id=\"617a2f4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The contract outlines numerous obligations of the agency or broker. Here is an overview of the main obligations:<\/span><\/p><p><span style=\"font-weight: 400;\">-The agency or broker must act in the best interest of the buyer, in accordance with applicable laws and regulations, demonstrating professionalism and ethics.<\/span><\/p><p><span style=\"font-weight: 400;\">-The agency or broker must promptly present any written offer regarding the purchase, lease, or exchange of the property to the buyer.<\/span><\/p><p><span style=\"font-weight: 400;\">-The agency or broker must disclose in writing to the buyer any compensation agreement related to the contract&#8217;s purpose.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ac5e2c elementor-widget elementor-widget-image\" data-id=\"0ac5e2c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"697\" height=\"652\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Obligations-of-the-agency-or-the-broker-Exclusive-brokerage-contract-Purchase.png\" class=\"attachment-large size-large wp-image-54201\" alt=\"Obligations of the agency or the broker - Exclusive brokerage contract - Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Obligations-of-the-agency-or-the-broker-Exclusive-brokerage-contract-Purchase-300x281.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Obligations-of-the-agency-or-the-broker-Exclusive-brokerage-contract-Purchase.png 697w\" sizes=\"(max-width: 697px) 100vw, 697px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0eb45e2 elementor-widget elementor-widget-heading\" data-id=\"0eb45e2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">9. Changes Affecting the Agency or the Broker Bound by a Brokerage Contract<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5234af elementor-widget elementor-widget-text-editor\" data-id=\"c5234af\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Even if the contract is not terminable, it is specified that:<\/span><\/p><p><span style=\"font-weight: 400;\">-If the broker ceases their activities to perform them on behalf of an agency, the buyer may terminate the contract. The buyer may also continue to deal with the broker and be bound to the agency. However, notice must be sent to the buyer, stating this change. If notice is not sent no later than the day the broker begins to act on behalf of the agency, the contract will be terminated.<\/span><\/p><p><span style=\"font-weight: 400;\">-If the broker ceases their activities voluntarily or due to the suspension or revocation of their license, the contract is terminated from the complete cessation of the broker&#8217;s activities or the suspension or revocation of their license.<\/span><\/p><p><span style=\"font-weight: 400;\">Even if the contract is not terminable, it is specified that:<\/span><\/p><p><span style=\"font-weight: 400;\">-If the broker ceases their activities at one agency to perform them on behalf of another agency, the buyer may terminate the contract. The buyer may also continue to deal with the broker or agency and send notice expressing their choice to the agency. If notice is not sent no later than the day the broker ceases to act on behalf of the agency, the contract will be terminated.<\/span><\/p><p><span style=\"font-weight: 400;\">-If the agency ceases its activities, the contract is terminated on the day of the agency&#8217;s cessation of activities. However, if the broker associated with that agency decides to operate independently, the buyer may choose to deal with that broker. The buyer is then bound to the broker on the date of termination of this contract on the same terms and conditions provided.<\/span><\/p><p><span style=\"font-weight: 400;\">-Similarly, if the agency ceases its activities and the broker from that agency decides to operate within a new agency, the buyer may choose to be bound to that new agency. Written notice must be sent to this agency. The buyer is then bound to the agency on the date of termination of this contract on the same terms and conditions provided.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c630a7 elementor-widget elementor-widget-image\" data-id=\"6c630a7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"462\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Change-affecting-the-agency-or-the-broker-Exclusive-brokerage-contract-Purchase-.png\" class=\"attachment-large size-large wp-image-54203\" alt=\"Change affecting the agency or the broker - Exclusive brokerage contract - Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Change-affecting-the-agency-or-the-broker-Exclusive-brokerage-contract-Purchase--300x198.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Change-affecting-the-agency-or-the-broker-Exclusive-brokerage-contract-Purchase--350x230.png 350w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Change-affecting-the-agency-or-the-broker-Exclusive-brokerage-contract-Purchase-.png 700w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-10abb0b elementor-widget elementor-widget-heading\" data-id=\"10abb0b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">10. Other Declarations and Conditions<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07e50f7 elementor-widget elementor-widget-text-editor\" data-id=\"07e50f7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Additional statements and conditions can be added in this section.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7435fb5 elementor-widget elementor-widget-image\" data-id=\"7435fb5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"679\" height=\"323\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Other-declarations-and-conditions-Exclusive-brokerage-contract-Purchase.png\" class=\"attachment-large size-large wp-image-54205\" alt=\"Other declarations and conditions - Exclusive brokerage contract - Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Other-declarations-and-conditions-Exclusive-brokerage-contract-Purchase-300x143.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Other-declarations-and-conditions-Exclusive-brokerage-contract-Purchase.png 679w\" sizes=\"(max-width: 679px) 100vw, 679px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-96eb306 elementor-widget elementor-widget-heading\" data-id=\"96eb306\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">11. Annexes<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0dd62b elementor-widget elementor-widget-text-editor\" data-id=\"c0dd62b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Annex AG is intended to include specifics in case of insufficient space in the original contract. Less common, Annex DR is used to add supplementary information regarding remuneration and expenses.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0a4a5a elementor-widget elementor-widget-image\" data-id=\"f0a4a5a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"685\" height=\"88\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Annexes-Exclusive-Brokerage-contract-Purchase.png\" class=\"attachment-large size-large wp-image-54207\" alt=\"Annexes - Exclusive Brokerage contract - Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Annexes-Exclusive-Brokerage-contract-Purchase-300x39.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Annexes-Exclusive-Brokerage-contract-Purchase.png 685w\" sizes=\"(max-width: 685px) 100vw, 685px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f767dc elementor-widget elementor-widget-heading\" data-id=\"7f767dc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">12. Interpretation<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71ab1eb elementor-widget elementor-widget-text-editor\" data-id=\"71ab1eb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This section states that the masculine form has been used to lighten the text and that the contract is governed by the laws of Quebec.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9e0de2 elementor-widget elementor-widget-image\" data-id=\"d9e0de2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"683\" height=\"94\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Interpretation-Exclusive-brokerage-contract-Purchase.png\" class=\"attachment-large size-large wp-image-54209\" alt=\"Interpretation - Exclusive brokerage contract - Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Interpretation-Exclusive-brokerage-contract-Purchase-300x41.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Interpretation-Exclusive-brokerage-contract-Purchase.png 683w\" sizes=\"(max-width: 683px) 100vw, 683px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fcc7920 elementor-widget elementor-widget-heading\" data-id=\"fcc7920\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">13.  Conciliation, Mediation, and Arbitration<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-178d07a elementor-widget elementor-widget-text-editor\" data-id=\"178d07a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The OACIQ can act as a mediator or proceed to arbitration between the agency or broker and the buyer in case of dispute.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e26a519 elementor-widget elementor-widget-image\" data-id=\"e26a519\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"675\" height=\"86\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Conciliation-medidation-and-arbitration-Exclusive-brokerage-contract-Purchase-.png\" class=\"attachment-large size-large wp-image-54211\" alt=\"Conciliation, medidation and arbitration - Exclusive brokerage contract - Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Conciliation-medidation-and-arbitration-Exclusive-brokerage-contract-Purchase--300x38.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Conciliation-medidation-and-arbitration-Exclusive-brokerage-contract-Purchase-.png 675w\" sizes=\"(max-width: 675px) 100vw, 675px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34803ba elementor-widget elementor-widget-heading\" data-id=\"34803ba\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">14. Signatures<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-308e83e elementor-widget elementor-widget-text-editor\" data-id=\"308e83e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This final section stipulates that the information collected in this contract is confidential and necessary for its execution. It is also mentioned that the agency or broker is registered with the Organisme d&#8217;autor\u00e9glementation du courtage immobilier (OACIQ), ensuring public protection.<\/span><\/p><p><span style=\"font-weight: 400;\">Signatures from the agency or broker, as well as from the buyer, are required to finalize the Exclusive Brokerage Contract &#8211; Purchase.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a05a791 elementor-widget elementor-widget-image\" data-id=\"a05a791\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"609\" height=\"762\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Signatures-Exclusive-brokerage-contract-Purchase.png\" class=\"attachment-large size-large wp-image-54216\" alt=\"Signatures - Exclusive brokerage contract - Purchase\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Signatures-Exclusive-brokerage-contract-Purchase-240x300.png 240w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2024\/02\/Signatures-Exclusive-brokerage-contract-Purchase.png 609w\" sizes=\"(max-width: 609px) 100vw, 609px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d39634 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"1d39634\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd7c2fe elementor-widget elementor-widget-text-editor\" data-id=\"cd7c2fe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Although <a href=\"https:\/\/www.oaciq.com\/en\/pages\/buyer-the-exclusive-brokerage-contract-purchase\">the Exclusive Brokerage Contract &#8211; Purchase<\/a> may seem complex at first glance, do not worry \u2013 <a href=\"https:\/\/yanicksarrazin.com\/en\/montreal-real-estate-broker\/\">your real estate broker<\/a> is here to guide you at every step. As a professional in the real estate industry, your broker has the necessary expertise to explain each clause clearly and accessibly. You can rely on them to answer all your questions and dispel any doubts you may have. Their role is not only to assist you in completing the contract correctly but also to ensure that you fully understand the terms and conditions, and that you are comfortable with the mutual commitments. With this professional assistance, the process of purchasing your future property becomes simpler, more transparent, and above all, more efficient.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13c4def elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"13c4def\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c81b63f elementor-widget elementor-widget-spacer\" data-id=\"c81b63f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-383d023 elementor-widget elementor-widget-heading\" data-id=\"383d023\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">Read more real estate information<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f3c504 elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-card-shadow-yes elementor-posts__hover-gradient elementor-widget elementor-widget-posts\" data-id=\"7f3c504\" data-element_type=\"widget\" data-settings=\"{&quot;cards_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:38,&quot;sizes&quot;:[]},&quot;cards_columns&quot;:&quot;3&quot;,&quot;cards_columns_tablet&quot;:&quot;2&quot;,&quot;cards_columns_mobile&quot;:&quot;1&quot;,&quot;cards_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;cards_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.cards\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-cards elementor-grid\" role=\"list\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-75229 post type-post status-publish format-standard has-post-thumbnail hentry category-buyer-information category-real-estate-news-buyer-information category-seller-information tag-buyer tag-buyer-information tag-key-interest-rate tag-real-estate tag-real-estate-broker-montreal tag-real-estate-montreal tag-seller tag-seller-information\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/real-estate-news-buyer-information\/key-interest-rate-maintained-at-2-75-a-favorable-environment-for-the-real-estate-market\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"225\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/04\/collov-home-design-js8AQlw71HA-unsplash-1-300x225.jpg\" class=\"attachment-medium size-medium wp-image-75189\" alt=\"\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/04\/collov-home-design-js8AQlw71HA-unsplash-1-300x225.jpg 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/04\/collov-home-design-js8AQlw71HA-unsplash-1-1024x768.jpg 1024w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/04\/collov-home-design-js8AQlw71HA-unsplash-1-768x576.jpg 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/04\/collov-home-design-js8AQlw71HA-unsplash-1-1536x1152.jpg 1536w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/04\/collov-home-design-js8AQlw71HA-unsplash-1-2048x1536.jpg 2048w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/04\/collov-home-design-js8AQlw71HA-unsplash-1-scaled-600x450.jpg 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Buyer Information<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h1 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/real-estate-news-buyer-information\/key-interest-rate-maintained-at-2-75-a-favorable-environment-for-the-real-estate-market\/\" >\n\t\t\t\tKey interest rate maintained at 2.75%: A favorable environment for the real estate market!\t\t\t<\/a>\n\t\t<\/h1>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Montreal, April 16, 2025 &#8211; The Bank of Canada has decided to maintain its key rate at 2.75%. This stability is explained by economists&#8217; desire<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/real-estate-news-buyer-information\/key-interest-rate-maintained-at-2-75-a-favorable-environment-for-the-real-estate-market\/\" aria-label=\"Read more about Key interest rate maintained at 2.75%: A favorable environment for the real estate market!\" tabindex=\"-1\" >\n\t\t\tLire la suite \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t16 April 2025\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-70545 post type-post status-publish format-standard has-post-thumbnail hentry category-buyer-information category-real-estate-news-buyer-information tag-buyer-information tag-immobilier-en tag-montreal-en tag-real-estate tag-real-estate-broker-montreal tag-real-estate-montreal\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/real-estate-news-buyer-information\/5-financial-incentives-for-your-renovation-projects\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/02\/r-architecture-TRCJ-87Yoh0-unsplash-4-300x200.jpg\" class=\"attachment-medium size-medium wp-image-70465\" alt=\"Financial incentives\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/02\/r-architecture-TRCJ-87Yoh0-unsplash-4-300x200.jpg 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/02\/r-architecture-TRCJ-87Yoh0-unsplash-4-1024x683.jpg 1024w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/02\/r-architecture-TRCJ-87Yoh0-unsplash-4-768x512.jpg 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/02\/r-architecture-TRCJ-87Yoh0-unsplash-4-760x510.jpg 760w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/02\/r-architecture-TRCJ-87Yoh0-unsplash-4-1536x1024.jpg 1536w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/02\/r-architecture-TRCJ-87Yoh0-unsplash-4-2048x1365.jpg 2048w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/02\/r-architecture-TRCJ-87Yoh0-unsplash-4-scaled-600x400.jpg 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Buyer Information<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h1 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/real-estate-news-buyer-information\/5-financial-incentives-for-your-renovation-projects\/\" >\n\t\t\t\t5 financial incentives for your renovation projects\t\t\t<\/a>\n\t\t<\/h1>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Did you know that subsidies are available for work to improve your home&#8217;s ecological footprint? This week, Jean-Vincent, residential and commercial real estate broker with<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/real-estate-news-buyer-information\/5-financial-incentives-for-your-renovation-projects\/\" aria-label=\"Read more about 5 financial incentives for your renovation projects\" tabindex=\"-1\" >\n\t\t\tLire la suite \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t31 March 2025\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-69934 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate-news-buyer-information tag-courtier-immobilier-en tag-immobilier-en tag-key-interest-rate tag-montreal-en tag-real-estate tag-real-estate-information tag-real-estate-montreal\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/real-estate-news-buyer-information\/the-key-interest-rate-is-cut-to-3-a-great-opportunity-for-buyers-and-sellers\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"158\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/spacejoy-zIoU4ALVugs-unsplash-300x158.jpg\" class=\"attachment-medium size-medium wp-image-69830\" alt=\"Key interest rate\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/spacejoy-zIoU4ALVugs-unsplash-300x158.jpg 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/spacejoy-zIoU4ALVugs-unsplash-1024x540.jpg 1024w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/spacejoy-zIoU4ALVugs-unsplash-768x405.jpg 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/spacejoy-zIoU4ALVugs-unsplash-1536x810.jpg 1536w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/spacejoy-zIoU4ALVugs-unsplash-2048x1080.jpg 2048w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/01\/spacejoy-zIoU4ALVugs-unsplash-scaled-600x316.jpg 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Real Estate News<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h1 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/real-estate-news-buyer-information\/the-key-interest-rate-is-cut-to-3-a-great-opportunity-for-buyers-and-sellers\/\" >\n\t\t\t\tThe key interest rate is cut to 3%: A great opportunity for buyers and sellers!\t\t\t<\/a>\n\t\t<\/h1>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Montreal, January 29, 2025 &#8211; The Bank of Canada today announced a further reduction in its key policy rate to 3%. The 25-basis-point cut is<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/real-estate-news-buyer-information\/the-key-interest-rate-is-cut-to-3-a-great-opportunity-for-buyers-and-sellers\/\" aria-label=\"Read more about The key interest rate is cut to 3%: A great opportunity for buyers and sellers!\" tabindex=\"-1\" >\n\t\t\tLire la suite \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t30 January 2025\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>How does an Exclusive Brokerage Contract &#8211; Purchase (BCP) work?- Key Information When purchasing your property, you are represented by a real estate broker. This broker asks you to sign an Exclusive Brokerage Contract &#8211; Purchase. You are not certain about the specifics of this type of contract. Our real estate brokers will answer all [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":61208,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[606,604],"tags":[423,926,927,340,794,928],"class_list":["post-54001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buyer-information","category-real-estate-information","tag-courtier-immobilier","tag-courtier-immobilier-en","tag-immobilier-en","tag-immobilier","tag-information-acheteur-montreal","tag-information-acheteur-montreal-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How does an Exclusive Brokerage Contract - Purchase (BCP) work? - Courtier Immobilier Montr\u00e9al Yanick E Sarrazin<\/title>\n<meta name=\"description\" content=\"When acquiring a property, it is important to note that signing an Exclusive Brokerage Contract - Purchase is an essential step.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/how-does-an-exclusive-brokerage-contract-purchase-bcp-work\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How does an Exclusive Brokerage Contract - Purchase (BCP) work? 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