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Addendum To Listing Agreement Template for Canada

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Key Requirements PROMPT example:

Addendum To Listing Agreement

"I need an Addendum to Listing Agreement to reduce the listing price of my Vancouver commercial property from $2.5M to $2.2M and extend the listing period until March 15, 2025, maintaining all other original terms from the current agreement."

Document background
The Addendum To Listing Agreement is a critical document used in Canadian real estate transactions when modifications to an existing listing agreement become necessary. This document is typically employed when circumstances require changes to the original listing terms, such as adjusting the listing price in response to market conditions, extending the listing period, modifying commission structures, or updating property details. It must comply with provincial real estate regulations and the Real Estate and Business Brokers Act (REBBA) where applicable. The addendum ensures that all modifications are properly documented and legally binding while maintaining the integrity of the original agreement's unchanged terms. This document is particularly important in both residential and commercial real estate transactions where market dynamics or seller preferences necessitate adjustments to the original listing terms.
Suggested Sections

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

2. Background: Reference to the original listing agreement including its date and basic terms, and the reason for this addendum

3. Definitions: Key terms used in the addendum, particularly those that are new or modified from the original agreement

4. Reference to Original Agreement: Specific identification of which listing agreement is being modified, including property details and original listing date

5. Modifications: Clear statement of the specific changes being made to the original listing agreement

6. Confirmation of Other Terms: Statement that all other terms and conditions of the original listing agreement remain unchanged and in full force

7. Effective Date: When the modifications take effect

8. Acknowledgment: Statement that parties understand and agree to the modifications

9. Execution: Signature blocks for all parties and dates of signing

Optional Sections

1. Price Modification: Used when the listing price is being changed from the original agreement

2. Term Extension: Required when modifying the duration of the listing agreement

3. Commission Structure Changes: Included when modifying the commission terms from the original agreement

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

5. Marketing Authorization Changes: When modifying the authorized marketing methods or restrictions

6. Additional Services: When adding or removing services from the original listing agreement

7. Conditional Clauses: Any new conditions being added to the listing agreement

Suggested Schedules

1. Schedule A - Modified Price Schedule: Detailed breakdown of price changes and timing if applicable

2. Schedule B - Updated Property Details: Any changes to property specifications, features, or included/excluded items

3. Schedule C - Revised Commission Structure: Detailed breakdown of any modifications to commission rates or terms

4. Schedule D - Modified Marketing Plan: Updated marketing strategies and authorized methods

5. Appendix 1 - Supporting Documentation: Any relevant supporting documents referenced in the addendum

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

























Clauses






















Relevant Industries

Real Estate

Residential Property

Commercial Property

Property Management

Real Estate Investment

Property Development

Legal Services

Professional Services

Relevant Teams

Legal

Real Estate Operations

Compliance

Administration

Business Development

Property Management

Contract Administration

Transaction Processing

Document Management

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Manager

Real Estate Attorney

Brokerage Manager

Compliance Officer

Real Estate Administrator

Contract Manager

Legal Counsel

Real Estate Transaction Coordinator

Business Development Manager

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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