Buyer Submits Deposit
The buyer provides their deposit directly to Smart Brokerages following the instructions in the Agreement of Purchase and Sale.
Seller guide · Page 4 of 6
Your Buyer's Deposit
Secure. Regulated. Protected.
A buyer's deposit is an important part of the offer. It shows the buyer's seriousness and is held in a regulated real estate trust account, as required by RECO. With Smart Brokerages, your deposit is secure, properly managed and released only in accordance with the agreement.
How it works
A Simple, Secure Process
We take care of the details, so you can move forward with confidence.
Held in a Regulated Trust Account
All deposits are held in our real estate trust account, as required by RECO. Your funds are secure and protected with trust account insurance.
Released as Per the Agreement
The deposit is released in accordance with the terms of the Agreement of Purchase and Sale — either to complete the purchase, or returned to the buyer if the deal does not proceed.
You Get Expert Support
We keep you informed throughout the process and ensure everything is handled properly, so you can focus on your next steps.
Offer Review, Negotiation & Trust Administration
Let our team handle the details when an offer arrives.
$999 + HST