Proactively Deal with Expiring Agreements

January 17, 2017

Proactively Deal with Expiring Agreements

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.

Buyer Brokerage Agreements Mandatory January 1, 2017

Buyer Brokerage Agreements Mandatory January 1, 2017

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.

 

When a licensee changes brokerages, what happens to their listings?

November 30, 2016

When a licensee changes brokerages, what happens to their listings?

When a licensee decides to move to another brokerage, what happens to the sellers that they have been working with and their listings? Do they go with the licensee?

The licensee could continue to work with client on their listing, if the broker and client(s) agree in writing. This is simply because real estate agreements are between the client(s) and the brokerage, not the licensee themselves. This means the agreements remain with the brokerage unless the broker and client agree in writing to change the representation to another brokerage. This requirement is also the same with buyer clients who want to maintain their working relationship with a licensee who decides to move to a new brokerage; those agreements are also between the client and brokerage.

How to Properly Deal with Competing Offers

November 24, 2016

How to Properly Deal with Competing Offers

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.

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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