Closing a Brokerage

To close a brokerage, follow the steps outlined below:

Step 1: Inform the Compliance Team

Brokers must inform the Commission when they intend to terminate their brokerage licence. The compliance team will have questions about the state of any remaining trust funds and may have additional steps to take prior to a closing-out brokerage inspection (audit) being scheduled. The compliance team may be reached at This email address is being protected from spambots. You need JavaScript enabled to view it. or 902-468-3511 ext. 303.

When any additional steps have been satisfied, any licensees at the brokerage may terminate.

Step 2: Terminate any other Licensees at the Brokerage

Brokers may terminate the licence(s) of any licensee at their brokerage, or they may terminate themselves. Licences are terminated by providing a Notice of Termination to the Commission. Note that all Approved Sales Corporations licences must also be terminated.

Step 3: Terminate the Brokerage

Brokers may terminate themselves, which effectively terminates the brokerage licence. Brokers may do so by submitting a Notice of Termination to the Commission for the broker licence. The brokerage owner may also terminate the broker licence.

Step 4: Remove all Advertising

Advertising activity of all terminated licence holders, including, but not limited to, for sale signs, online advertising and social media pages must be removed at the time their licence is terminated to ensure compliance with the Real Estate Trading Act and the Commission Bylaw. Be aware that some websites require several days for changes to take effect, so allow yourself sufficient time to process the request.

Step 5: Schedule Closing Out Inspection

Upon terminating the broker licence, the compliance team will then schedule a closing-out inspection with the broker and/or owner covering the time period from the date of the last inspection up to the date the brokerage ceased operating or when all trust funds have been dispersed.

DOWNLOADS

Notice of Termination
Reinstatement of Licence

The Nova Scotia Real Estate
Commission
is the regulator of the
Nova Scotia real estate industry.

Contact Us

Nova Scotia Real Estate Commission

601-1595 Bedford Highway
Bedford, NS
B4A 3Y4

p: 1.902.468.3511 or
1.800.390.1015

f:  1.902.468.1016 or
1.800.390.1016

e: For licensing information
licensing@nsrec.ns.ca
For complaints
compliance@nsrec.ns.ca