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The Unconditional Release From Listing Agreement is a critical document in Canadian real estate practice, used when parties mutually agree to terminate their existing listing agreement before its natural expiration. This document becomes necessary in various situations, such as when a property owner decides to withdraw their property from the market, when there's a mutual agreement to end the listing relationship, or when circumstances change significantly for either party. It provides a clean break from the original listing agreement, addressing key aspects such as the cessation of marketing efforts, return of materials, and release of future obligations. The document must comply with provincial real estate regulations and the Real Estate and Business Brokers Act (REBBA) where applicable, ensuring all legal requirements are met while protecting both parties' interests.

1. Parties: Identification of the property owner(s) and the real estate brokerage/agent, including their full legal names and business addresses

2. Background: Reference to the original Listing Agreement, including its date, property details, and listing period

3. Definitions: Key terms used in the release agreement, including 'Listing Agreement', 'Property', 'Listing Period', and 'Effective Date'

4. Mutual Release: Clear statement that both parties agree to unconditionally terminate the Listing Agreement and release each other from all obligations

5. Effective Date: Specification of when the release takes effect

6. Return of Materials: Agreement regarding the return or disposal of marketing materials, property information, and keys

7. Complete Agreement: Statement that this release represents the entire agreement between the parties regarding the termination

8. Execution: Signature blocks for all parties and date of signing