News Bulletin - January 8, 2021

Advertising Sold Prices Reminder
Additional Licensing Exams -February

Advertising Sold Prices Reminder

Advertising as “sold” by buyer's brokerage:
 
If the transaction hasn’t closed, and the buyer's brokerage wants to advertise a property as “sold” (all conditions met unrelated to title), the buyer brokerage's must obtain written permission from both the buyer and seller/seller’s brokerage in order to advertise.  After the transaction has closed, the buyer's broker only needs the buyer's written permission to advertise the sale.  The advertisement must clearly state the brokerage represented the buyer only in the transaction. This written permission must advise what they are advertising and an expiry date. 
 
Advertising purchase price by buyer's or seller's brokerage:
 
In order to advertise purchase price information, you need written permission from both parties to an agreement of purchase and sale (buyer(s) and seller(s)). This permission must advise what they are advertising and an expiry date. Note, advertising a purchase price includes the practice of stating the property sold for $X amount over list or asking price.

Additional Licensing Exams - February

The Commission is adding an additional four days to the exam schedule in February due to the increase in applications. The office will be closed for licensing exams on February 4th, 5th, 11th, 12th, 18th, 19th, 25th and 26th. Staff will be working remotely. To contact a staff member, visit our website.