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New Release of Deposit Rules

The Commission has implemented a By-Law change that provides brokerages with greater flexibility in releasing deposits. The brokerage must be of the opinion that the terms of the agreement were met by the parties and the transaction has collapsed within the terms of one or more conditions in the agreement. Proper notices must have been given within the timeframes called for in the agreement. Some of the most common issues are:

Buyer unable to obtain financing
Water test failed
Buyer is not satisfied with the inspection
Buyer unable to obtain insurance

Release of Deposit Rules and Forms

Announcements

April 16, 2010 Spring 2010 Opportunities on Agencies, Boards and Commissions
By serving on one of Nova Scotia’s advisory and decision making non-adjudicative agencies, boards and commissions you can play a vital role in the administration of government.

September 28, 2009 Commission Discipline Newsletter
Read a selection of the Commission's more high-profile investigations from the past three years.