Broker Bulletin: Deposit Clause, CPE Deadline and Licence Renewals

Reminder to Brokers: APS Deposit Clause 1.3

The Commission reminds brokers that deposits larger than the amount of remuneration that will be owed must be held in trust as per clause 1.3 of the Agreement of Purchase and Sale. Excess funds cannot be held in the brokerage's trust account once all conditions are met, unrelated to title.

Deadline Reminders: CPE and Licence Renewals

Mandatory CPE Course Deadline Reminder: June 15

Licensees are required to complete the online course, All About Offers: Relationships, Contracts, Communication & Disclosure, by Tuesday, June 15th, 2021. There are currently still 274 licensees who have not completed the course.

COVID-19 Updates, Licensing Exams & CPE

COVID-19 Update: June 3, 2021  

Effective June 1, travel throughout Nova Scotia is permitted for everyone in the province. Licensees and consumers must continue to follow all public health measures, including gathering limits.

COVID-19 Update: May 28, 2021

COVID-19 Update: May 28, 2021

Premier Iain Rankin and Dr. Robert Strang, Nova Scotia’s chief medical officer of health, announced today, May 28, that the province will reopen gradually under a five-phase plan.

New Ministerial Directive & Important Deadlines

New Ministerial Directive

The provincial government has introduced a new ministerial directive under the Emergency Management Act which will require landlords to gain residential tenants' consent for in-person showings in cases where the property is being sold, effective May 21, 2021. The directive is in effect until June 30 unless extended. If you are working with seller clients of income properties, it is important for you to review this information.

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