The Commission Board of Directors have approved a number of by-law revisions to (1) introduce online voting in place of paper and proxy voting for the 2017 Annual General Meeting, and (2) to enhance the compliance recourse when licensees do not comply with the Commission during investigations or audits.

View the By-law here.

All real estate agreements expire. A specific date is always included to identify to the consumer the time period that they have agreed to receive services from the brokerage. Once the agreement expires, the client has no longer agreed to receive those services and, thus the brokerage must not continue to provide those services after that time.

Starting January 1, 2017, the Nova Scotia Real Estate Commission will require all brokerages to sign a brokerage agreement with buyers who agree to be clients of their brokerage. This move is aimed at enhancing consumer protection by improving transparency between the brokerage and buyer by clearly outlining expectations at the time they agree to work together.

Common Law licensees who practice only in commercial real estate (zero residential trades) are eligible for an exemption to the mandatory buyer brokerage agreement information session, because the information is specific to the practice of residential real estate. 

A competing offer situation, when a seller receives more than one written offer on a property, creates unique circumstances for consumers and it is important for both buyers and sellers to understand how they can handle these situation.