New Requirement for Electronic Signatures

March 18, 2016

New Requirement for Electronic Signatures

Last year, the Commission released a bulletin to the industry on the use of e-signatures in facilitating agreements and service contracts. Since its release, we have received some questions and comments on the policy and its practicality. After several constructive discussions with licensees, the Commission has amended its policy on document retention with regards to electronic signatures. Brokerages are no longer required to maintain physical copies of certificates of authenticity (confirmations including the service name, a time stamp and the confirmation number to authenticate the signature) in brokerage transaction files.

Special Edition Newsletter

January 19, 2016

Special Edition Newsletter

Read our Special Edition Newsletters, released January 19th, 2016, which includes articles on important announcements and articles on topics such as:

  • Commission Office Relocation
  • Buyer Brokerage Agreements Mandated for Common Law
  • Approved Sales Corporations Licensing Fees Changing
  • HST Implementation
  • What is kept in a Transaction File?
  • Non Applicable Clauses on Agreements

and much more!

Read the Newsletter

Policy Revision: Adding a Second Buyer to an Agreement of Purchase and Sale

January 19, 2016

Policy Revision: Adding a Second Buyer to an Agreement of Purchase and Sale

We published an article in January 2016 clarifying the procedure to add new buyers to an accepted Agreement of Purchase and Sale (APS). As noted in the article, the procedures were initially developed using a legal opinion provided to the Commission. We recently discovered that this subject was being covered in the 2015/16 mandatory course “20 Timely Topics for Salespeople” using slightly different variations of the policy by the respective course instructors. As a result, compliance staff met with the instructors to re-examine the policy to ensure consistency between the course instructors and the Commission.

Calculating the number of pages for your APS

November 30, 2015

Calculating the number of pages for your APS

Recently, Compliance Inspectors have noted that the number of pages on Part I of the Agreement of Purchase and Sale is often left blank or completed incorrectly. This number of pages line must amount to only the pages forming and attached to the agreement at the time it was written, which includes Part I, Part II and any attached schedules or addendums.

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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