bchomeseeker.ca : Understanding the CPS ( Contract of Purchase and Sale)

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Understanding the CPS (Contract of Purchase and Sale)

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 used in a real estate transaction: the Contract of Purchase and Sale (CPS).

Central to any transaction, the CPS outlines the terms and conditions on which a transaction takes place.

This video provides essential information to help consumers understand the CPS, addressing many common questions you may have, including:

When does the process begin and when is the Contract of Purchase and Sale used?
What information is included in the Contract of Purchase and Sale?
What do the terms in the contract mean?
And many more

If you have any question please feel free to reach out and contact me directly.

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.