News Bulletin - November 7, 2016

Office Closure: Remembrance Day 2016
New Real Estate Forms Released
New Policy for Coming Soon Advertising
The Audit Task Force wants your feedback
Have you taken your mandatory BBA course?

Office Closure: Remembrance Day 2016
Our office will be closed on Friday, November 11th in observance of Remembrance Day.

The Commission would like to remind all licensees the Remembrance Day Act specifically prohibits trading in real property and no brokerage activities of any kind are permissible on Remembrance Day, including open houses, property showings, opening offices or negotiating transactions. The Act can be viewed here.

New Real Estate Forms Released
On November 1st the Commission released the final products of the Forms Committee's work on the following forms:

Form 122: Seller/Customer Status Acknowledgement
Form 203: Mere Posting Service Agreement
Form 222 Amendment to a Service Agreement
Form 223 Assignment of Brokerage Agreement
Form 224 Temporary Withdrawal or Termination of a Service Agreement

View the Forms

New Policy for Coming Soon Advertising
The use of ‘Coming Soon’ advertisements by licensees for properties pending placement on the MLS system has noticeably increased over the past few months. The next time you take to Instagram or Facebook to highlight an anticipated future listing, take a moment to ensure what you are displaying meets the Commission’s Board of Director’s recently approved policy setting minimum standards for ‘Coming Soon’ advertising and promotions.

Read More

The Audit Task Force wants your feedback
First announced in September, the Commission’s new Audit Task Force is reviewing the entire audit/inspection program and they want your thoughts on the current system. What works? What doesn't? Let them know.

Have you taken your mandatory BBA course?
A reminder for all common law licensees that the Commission has been providing mandatory information sessions in communities across the province to common law licensees free of charge. These seminars focus directly on using the new Buyer Brokerage Agreement and are available to licensees up to December 2016.

For more information on these sessions, read our August bulletin.

Click here for scheduled course dates.

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