Cancellation of Listing Agreement Form PDF Details

A taxpayer may request to cancel the registration of any listed property by filing a Cancellation of Listing Agreement Form. A request for listing cancellation will be considered if it is filed before the date that the service issues a notice of deficiency (Notice of Deficiency) with respect to the listed property or before 30 days after the date on which such notice is mailed, whichever is earlier. In addition, a request for cancellation will be granted if: (1) The taxpayer establishes that it has substantial authority for its position and (2) The position has not been previously disposed of by the courts. This article explains what circumstances would allow a taxpayer to file Form 242 in order to have their property removed from the list of tax delinquencies. Furthermore, it discusses what criteria must be met in order for the service to even consider granting the said request.

QuestionAnswer
Form NameCancellation of Listing Agreement Form
Form Length1 pages
Fillable?Yes
Fillable fields18
Avg. time to fill out3 min 51 sec
Other namesEXPIRY, listing cancellation form, covenants, licensees

Form Preview Example

Form 242

Cancellation of Listing Agreement

Authority to Offer for Sale

for use in the Province of Ontario

RE: LISTING AGREEMENT AUTHORITY TO OFFER FOR SALE (Agreement) FOR:

PROPERTY ADDRESS: ...................................................................................................................................................................................

BETWEEN:

SELLER: ..........................................................................................................................................................................................................

AND

BROKERAGE: .................................................................................................................................................................................................

MLS® NUMBER(S):

L/BR ID. #

INTERBOARD MLS® NUMBER:

BOARD:

AGREEMENT EXPIRY DATE:

The Seller and the Brokerage, by mutual consent, hereby release each other from the above described Agreement on the following terms:

The Seller releases the Brokerage from any and all liabilities, covenants, obligations and claims arising out of the Agreement.

The Brokerage releases the Seller from any claims of remuneration or compensation with respect to this Agreement, save and except that:

If an offer to purchase, obtained from anyone who was introduced to the property from any source whatsoever while the Agreement was in effect or was shown the property while the Agreement was in effect, is agreed to or accepted by the Seller or anyone on behalf of the Seller within the Listing Period or the Holdover Period provided for in the above described Agreement, the Seller agrees to immediately notify the Brokerage of the sale and to pay the Brokerage the commission agreed to in the Agreement.

If, however, the offer for the purchase of the Property is pursuant to a new agreement in writing to pay commission to another registered real estate brokerage, the Seller’s liability for commission shall be reduced by the amount paid by the Seller under the new agreement.

The Brokerage agrees to immediately notify the Real Estate Board(s) of the cancellation in accordance with the MLS® Rules and Regulations, provided that this is an MLS® listing.

This Cancellation of Listing Agreement shall not take effect unless signed by all parties set out below.

For the purposes of this Cancellation of Listing Agreement: “Seller” includes vendor and Real Estate Board(s) includes Real Estate Association(s).

The heirs, executors, administrators, successors and assigns of the undersigned are bound by the terms herein.

All of the undersigned, hereby acknowledge receipt of a copy of this Cancellation of Listing Agreement.

SIGNED, SEALED AND DELIVERED in the presence of:

IN WITNESS whereof I have hereunto set my hand and seal:

 

 

(Witness)

......................................................................................

(Seal)

.................................

(Seller)

(Date)

(Witness)

......................................................................................

(Seal)

.................................

(Seller)

(Date)

SIGNED, SEALED AND DELIVERED in the presence of:

IN WITNESS whereof I have hereunto set my hand and seal:

 

 

 

......................................................................................

 

 

 

(Name of Brokerage)

 

 

(Witness)

......................................................................................

(Seal)

.................................

(Signature of Brokerage’s Broker of Record/Manager)

(Date)

The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Services® and associated logos are owned or controlled by The Canadian Real Estate Association (CREA) and identify the real estate professionals who are members of CREA and the quality of services they provide. Used under license.

© 2019, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction

 

 

by its members and licensees only. Any other use or reproduction is prohibited except with prior written consent of OREA. Do not alter

Form 242 Revised 2019

Page 1 of 1

when printing or reproducing the standard pre-set portion. OREA bears no liability for your use of this form.

 

 

Dec/2018

How to Edit Cancellation of Listing Agreement Form Online for Free

In case you desire to fill out lessor, you don't have to download any applications - simply make use of our PDF tool. Our editor is constantly developing to deliver the best user experience attainable, and that is due to our dedication to constant enhancement and listening closely to feedback from users. It just takes just a few basic steps:

Step 1: Press the "Get Form" button above. It's going to open up our tool so you can start filling out your form.

Step 2: Once you start the tool, you'll notice the document ready to be filled in. Besides filling out various blanks, you might also do other things with the file, including putting on custom words, modifying the initial textual content, inserting graphics, affixing your signature to the PDF, and more.

As for the blanks of this specific PDF, here's what you should do:

1. It is important to fill out the lessor accurately, therefore be mindful while working with the sections comprising all these fields:

Writing segment 1 of hereunto

2. Given that the last segment is done, you should put in the necessary particulars in SIGNED SEALED AND DELIVERED in the, Witness Seller, Seal Date, Witness Seller, Seal Date, SIGNED SEALED AND DELIVERED in the, Name of Brokerage, Witness Signature of Brokerages, Seal Date, The trademarks REALTOR REALTORS, Ontario Real Estate Association, and Form Revised Page of Dec so that you can proceed further.

Filling in section 2 in hereunto

As to Witness Seller and The trademarks REALTOR REALTORS, be certain you do everything correctly in this current part. Those two are considered the most important ones in the PDF.

Step 3: Reread the information you have typed into the blanks and then press the "Done" button. Make a free trial option at FormsPal and acquire direct access to lessor - which you'll be able to then make use of as you want from your personal account page. FormsPal guarantees protected document editor without personal information record-keeping or sharing. Be assured that your information is secure with us!