In collaboration with the Canadian Bar Association BC Branch, BCREA has created a newly updated video to help consumers better understand what’s involved in the preparation of the Contract of Purchase and Sale (CPS) – Residential for a particular property.

REALTORS® may want to show this video to their clients when discussing the CPS – Residential or at any point if there are questions about what’s involved in the purchase and sale of a property.

By watching the video, consumers will:

• Better understand the process of preparing a CPS – Residential.
• Learn the most common terms of a real estate transaction.
• Discover what familiar components are involved for buyers, sellers, and their REALTORS® when working on a CPS – Residential and what areas allow for flexibility to insert unique terms.

REALTORS® always look out for their client’s best interests, and clients are better protected when they understand their rights and obligations. This video reflects REALTORS®’ commitment to protecting them. Don't forget to check our Consumer Videos Playlist here for more information on how to navigate and understand standard forms, contracts, and more.

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