In a multiple representation situation, it is crucial that all parties involved in the transaction both understand and accept that multiple representation exists. They must also be fully aware of the brokerage’s responsibility to each client. The layman’s version of the confirmation of co-operation and representation provides explanations of each provision, paragraph or section of the form and is meant only to be a general overview. The layman’s version helps to ensure that all questions and ambiguities have been addressed before form 320 is signed by the parties in the transaction.

Toronto Real Estate Board (TREB) and the Ontario Real Estate Association (OREA)

The following is a link to a document prepared by the Toronto Real Estate Board (TREB) and the Ontario Real Estate Association (OREA). It is a copy of the standard form used by Realtors© for the confirmation of co-operation and representation. Key clauses have been annotated in red, providing an interpretation of the meaning of the clause in layman’s terms. You may find it helpful.

http://www.torontorealestateboard.com/buying/plain_language_forms/pdf/320_PL.pdf