Terminating A Licence
Terminating a licence means that the licensee is no longer able to trade in real estate in Nova Scotia. The Commission does not “park” or “inactivate” licences.
To terminate your licence, complete the Notice of Termination Form and provide it to the Commission within 48 hours. The form may also be completed and submitted by their broker. There is no fee to terminate a licence.
Important information to consider when terminating your licence if you plan on reinstating:
- 30 days from terminating:
The amount of time allotted for licensees who wish to terminate and immediately reinstate with another brokerage. The fee for reinstatement under 30 days is $230.
- 30 days-90 days from terminating:
When reinstating within this amount of time, full licensing fees are charged.
- 91 days-two years from terminating:
When reinstating within this amount of time, full licensing fees are charged and a new (six months) criminal record check is required.
- Two years from terminating:
The maximum time allotted for licensees to reinstate their licence without having to re-take the licensing course and pass the examination. Those wishing to terminate their licence for this duration should be mindful that to reinstate your licence, any missed CPE must be completed first. Contact the Licensing Officer to inquire about what CPE courses you may be missing.
- Licensees may still be charged with violating the Real Estate Trading Act even though they have terminated their licence, per Section 19(7) of the Real Estate Trading Act.
- All licensees must have active Errors & Omissions (E&O) insurance in order to maintain a licence to trade in real estate.