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Hyyve Seller Terms and Conditions
Effective: May 10, 2025

By listing your property on Hyyve, Canada’s real estate agent bidding platform, you (“Seller”, “you”, or “your”) agree to the following Terms and Conditions:

1. Eligibility to List

You confirm that you are legally entitled to sell the property you are listing on Hyyve, either as the owner or as an authorized legal representative.

2. Listing Agreement Compliance

You agree to comply with the standard listing agreement you enter into with the winning agent through the Hyyve platform.

2A. Buyer’s Representation Agreement (If Applicable)

If you execute a Buyer’s Representation Agreement through Hyyve, you agree to be bound by its terms and conditions as well.

2B. No Obligation to Accept a Bid

You are under no obligation to select an agent through Hyyve. A bid is not considered accepted until you execute a listing agreement with an agent through the platform.

3. Agent Bid Funds Held in Trust

The upfront payment submitted by the selected agent will be held in trust by Hyyve until:

  • The property is sold under the terms of the listing agreement; or
  • The listing agreement lawfully expires and you have fulfilled your obligations.

If you breach the listing agreement or any resulting agreement of purchase and sale without lawful justification, the full bid amount will be refunded to the agent, and you waive any right to claim those funds.

4. Platform Fee

You acknowledge and agree that Hyyve will retain 30% of the winning agent’s bid as a platform fee. This amount will be deducted from the funds held in trust before the remainder is disbursed to you.

5. No Interest on Funds Held in Trust

You agree that no interest will be earned or paid on any funds held in trust by Hyyve.

6. Identification Requirements

You confirm that you have lawfully completed all identity verification requirements on the Hyyve platform.

7. Cooperation with Selected Agent

You agree to work diligently with your selected agent to market and sell your home, including allowing showings and responding in a timely manner.

8. Good Faith Use

You confirm that you are not using Hyyve solely to obtain upfront funds without a genuine intent to sell your home.

9. Binding Terms

By using Hyyve, you agree to be legally bound by these Terms and Conditions and any future updates posted on Hyyve.ca.

10. Accuracy of Listing Information

You certify that all information provided—including address, property condition, disclosures, smoking status, dimensions, and images—is accurate and truthful.

11. Governing Law

These Terms and Conditions are governed by the laws of the Province of Ontario. Any disputes shall be resolved exclusively by the courts in Ontario.

By listing your property on Hyyve, you confirm that you have read, understood, and agreed to these Terms and Conditions.