The Commission is accepting nominations for one licensee to join the Board of Directors. Licensees nominate themselves by completing and submitting the Nomination Form. The deadline for nominations is Friday, March 19, 2021 at 4 p.m. A virtual election will be held in April. The successful candidate will be announced at the AGM on April 22nd.
Modified Trust Audits
In response to the pandemic restrictions, the NSREC’s Board of Directors adjusted the audit policy to conduct modified trust audits. Brokers who are scheduled for a trust audit will receive a modified trust audit in 2021. In the audit notification, the auditor will specify a list of items that the broker must send to the auditor electronically. Brokers, please provide only the items specified.
Advertising as “sold” by buyer's brokerage:
If the transaction hasn’t closed, and the buyer's brokerage wants to advertise a property as “sold” (all conditions met unrelated to title), the buyer brokerage's must obtain written permission from both the buyer and seller/seller’s brokerage in order to advertise. After the transaction has closed, the buyer's broker only needs the buyer's written permission to advertise the sale. The advertisement must clearly state the brokerage represented the buyer only in the transaction. This written permission must advise what they are advertising and an expiry date.
The Board of Directors approved revisions to By-law 207: Qualification for Licensed Members of the Commission. The changes are shown in bold text.
The Commission's staff wishes everyone a safe and happy holiday season. The last year has been memorable and challenging for the real estate industry, but we look forward to a brighter future and new beginnings in 2021.
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
