Conditional Sale Disclosure Form For Calgary Home Sellers

Calgary home sellers that have accepted a conditional offer have to instruct their agent how the property status is to be disclosed while it is under contract.

CREB® has a mandatory form all sellers need to sign that outlines all the different levels of disclosure available.

Generally speaking, I advise sellers against the  “Pending” status unless they absolutely do not want any more showings.  This in turn means a greatly reduced chance of a backup offer.

Under Contract status is great because it still shows as active on MLS® and agents know it’s C/S but the seller is still allowing showings. Same with Active options #1-3.

However, if a seller selects Active #4, I say there will be a pox on them and their household.  Just kidding. But that option wastes everyone’s time.  A buyer wants confidence that when they write an offer, the home isn’t already taken.  Remember, the buyer is going to find out shortly anyways when the counter-offer returns with a seller’s condition stating that it’s dependent on their first offer falling through.   Now you have an upset buyer with an annoyed buyer’s agent.  Not the greatest way to start negotiations, is it?

Note:  In theory, the Active #4 option should alert buyer agents that a home is C/S  when the listing agent responds with “the seller has instructed me not to answer that question.”  In practice, as a buyer agent I usually get showing confirmation without any mention of the home’s status.

Seller Disclosure Options

checkbox Pending

  •  Brokerage will disclose the existence of a conditional offer
  • There will be a pending sale acknowledgement on signage
  • Property will not display on REALTOR®.ca and will display as P(Pending) on the CREB® MLS® System
  • Brokerage will not actively market the property for sale and showings will not be permitted

checkbox Under Contract

  •  Brokerage will disclose the existence of a conditional offer
  • Property will display as Active on REALTOR®.ca and will display as U (Under contract) on the CREB® MLS® System
  • Brokerage will continue to actively market the property for sale and showings will be permitted

checkbox Active:

  • Property will display as Active on REALTOR®.ca and on the CREB® MLS® System
  • Brokerage will actively market the property for sale and showings will be permitted
  • When selecting A (Active) Please choose from the following disclosure options:
    checkbox 1. Instruct the brokerage to disclose the existence of a conditional offer if specifically asked
    checkbox 2. Instruct the brokerage to disclose the existence of a conditional offer when a showing is requested
    checkbox 3. Instruct the brokerage to disclose the existence of a conditional offer in the Private remarks on the CREB® MLS® System
    checkbox 4. Instruct the brokerage to not disclose the existence of a conditional offer. I acknowledge the legal obligation of the brokerage to be truthful, therefore, the Brokerage will respond to status inquiries with “The Seller has instructed me not to answer that question”

To download the form to review, please click here pdf

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