Posted in News
... timing and order of having disclosure documents and contracts signed, is outlined in the NSREC’s Audit Policy.
The licensee was charged with and agreed to having violated Commission By-law 705 (a) for ...
Posted in News
... and documents pertaining to the SOBP condition.
Form 430B: Sale of Buyer's Property (SOBP) Notice to Buyer
Form 430B is used by a seller to give notice to the buyer that they (the seller) have accepted ...
Posted in Disciplinary Decisions
...
Case #2: Zoning and Misleading Advertising Case #3: Failure to Provide Signed Documents Case #4: Failure to Disclose Competing Offers Case #5: Leaving a Property Unsecured Case #6: Failing to Ensure ...
Posted in Disciplinary Decisions
... was found in violation of Bylaw 702, Article 11 ($500).
The broker was also cautioned for not providing documents to the Commission staff when requested.
Lessons Learned
Brokers are required to fully ...
Posted in Disciplinary Decisions
... addendum containing contradictory information. The seller’s salesperson relayed the documents to the seller without reviewing the documents with the seller or advising on the implications.
Results
In ...
Posted in Disciplinary Decisions
... in lieu of the physical copies, these confirmation documents must be saved electronically at the brokerage should the Commission require a copy for inspection or investigative purposes. Be mindful that ...
Posted in Disciplinary Decisions
... as early as three weeks before the condition date for the required documents expired, both licensees in the transaction were in possession of the wetland delineation sketch that illustrated these restrictions. ...
Posted in Disciplinary Decisions
... so long as it is agreed that it represents a legal signature. These documents must be retained in the brokerage transaction file as per the Commission’s document retention requirements in Bylaw 621, 707 ...
Posted in Disciplinary Decisions
... $400 for violating Bylaw 702, Article 11.
What Should I do if I am Under Investigation?
If you are notified of an investigation, take the following steps to ensure all relevant information and documents ...
Posted in Disciplinary Decisions
... brokerage with documents Poor paperwork Advertising without authority Poor paperwork, extending expired agreements Poor paperwork, poor handling of transaction brokerage Unlicensed trading Brokerage audits—strike ...
Posted in Disciplinary Decisions
... you that authority.
A power of attorney is an agency agreement where a person is authorized to execute documents under seal on behalf of another party. The power of attorney must be in writing and the ...
Posted in Disciplinary Decisions
... documents to the owner that stated the condo was 800 square feet, not 920 square feet as stated in the listing cut. The owner submitted a complaint to the Commission about the difference in square footage. ...
Posted in Disciplinary Decisions
... the square footage of the property when completing the listing documents.
Penalty
The Industry Member was fined $400.
Case Overview: Failure to Discover Facts III
An Industry Member listed a property ...
Posted in Disciplinary Decisions
... and the ongoing upkeep of the road would be the responsibility of the condominium corporations. The buyers would only discover this issue around the time that their lawyer was preparing the closing documents. ...
Posted in Licensing
... period (form 1) to provide documents to the Compliance Officer. SharePoint is a secure platform that allows for sharing and storing documents. Just like a digital filing cabinet, it allows brokers to easily ...
Posted in Licensing
... required documents
Complete the appropriate licence application for your class of licence (either salesperson/association broker or broker/managing associate broker), signed by the broker or managing ...
Posted in Getting Started
... agreement documents the responsibilities of the seller, the designated agent and the brokerage, the fees to be paid and the duration of the agreement, among other important items.
As of July 2017, Buyer ...
Posted in Consumers
... The brokerage agreement establishes a professional relationship between you and your brokerage for a given period of time. It documents the obligations of the brokerage and the seller. As a legal contract ...
Posted in Consumers
... and be sure you are comfortable with the licensee and that you understand and agree with all the terms of the Buyer Brokerage Agreement.
Never sign any blank documents or papers that you don't understand. ...
Posted in Complaints
... NS, B4A 3Y4
Fax: 800-390-1016
Supporting documents can include:
Agency Disclosure Form (Working with the Real Estate Industry Form);
Brokerage Agreement;
Agreement of Purchase and Sale;
Property ...