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Amendment To Listing Agreement for Canada

Amendment To Listing Agreement Template for Canada

A legal document used in Canadian real estate transactions to modify the terms of an existing listing agreement between a property owner and a real estate brokerage. This document allows parties to update various aspects of the original agreement, such as the listing price, commission structure, listing period, or marketing strategy, while maintaining the validity of other unchanged terms. Subject to provincial real estate regulations and contract law, it ensures all modifications are properly documented and legally binding while maintaining compliance with local real estate board requirements and provincial legislation.

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What is a Amendment To Listing Agreement?

An Amendment To Listing Agreement is a critical document in Canadian real estate transactions used when parties need to modify their existing listing agreement without creating an entirely new contract. This document is typically employed when circumstances change during the listing period, such as market conditions necessitating a price adjustment, the need for an extended listing period, or modifications to commission structures. The amendment must comply with provincial real estate regulations and often requires approval from the local real estate board. It serves as a formal record of changes while maintaining the legal framework of the original agreement, ensuring transparency and legal protection for all parties involved. The document is particularly important in both residential and commercial real estate transactions across Canada, where clear documentation of any changes to the original listing agreement is essential for legal compliance and risk management.

What sections should be included in a Amendment To Listing Agreement?

1. Parties: Identification of the seller/property owner and the real estate brokerage/agent who are parties to the original listing agreement

2. Background: Reference to the original listing agreement including its date and any previous amendments, establishing the context for this amendment

3. Definitions: Key terms used in the amendment, particularly any new terms not defined in the original agreement

4. Original Agreement Reference: Specific details of the original listing agreement being amended, including property details and listing terms

5. Amendment Details: Clear statement of the specific changes being made to the original agreement

6. Confirmation of Unchanged Terms: Statement confirming that all other terms and conditions of the original agreement remain in full force and effect

7. Effective Date: The date when the amendment takes effect

8. Execution: Signature block for all parties to execute the amendment

What sections are optional to include in a Amendment To Listing Agreement?

1. Commission Adjustment: Include when the amendment involves changes to the commission structure or payment terms

2. Extended Listing Period: Used when the primary purpose is to extend the duration of the original listing agreement

3. Price Modification: Include when changing the listing price of the property

4. Property Description Update: Used when there are changes to the property description or included/excluded items

5. Marketing Terms Modification: Include when changing the agreed-upon marketing strategy or terms

6. Additional Services: Used when adding or removing services from the original agreement

What schedules should be included in a Amendment To Listing Agreement?

1. Schedule A - Modified Property Details: Detailed description of any changes to the property specifications or features

2. Schedule B - Revised Commission Structure: Detailed breakdown of any modifications to the commission structure

3. Schedule C - Updated Marketing Plan: Revised marketing strategy and commitments if changed from original agreement

4. Appendix 1 - Original Listing Agreement: Copy of the original listing agreement for reference

5. Appendix 2 - Supporting Documentation: Any additional documentation supporting the changes made in the amendment

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Canada

Publisher

Ƶ

Document Type

Amendment Agreement

Cost

Free to use
Relevant legal definitions




















Clauses




















Relevant Industries

Real Estate

Property Management

Real Estate Development

Commercial Property

Residential Property

Property Investment

Real Estate Services

Relevant Teams

Legal

Real Estate Operations

Sales

Compliance

Property Management

Transaction Processing

Business Development

Contract Administration

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Manager

Real Estate Lawyer

Compliance Officer

Real Estate Transaction Coordinator

Branch Manager

Sales Director

Business Development Manager

Legal Counsel

Contract Administrator

Real Estate Operations Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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