Out Clauses in the Agreement of Purchase and Sale

This page includes obsolete information on satisfying buyer’s conditions. The processes and clauses involved were changed on January 3rd, 2022. For information on the new process of satisfying buyer’s conditions, visit https://www.nsrec.ns.ca/news-practice-resources/commission-news/item/buyer-s-conditions-updates-effective-january-3rd-2022.

January 31, 2020

The Commission regularly deals with questions from licensees and consumers regarding the application of out clause(s). Please ensure you clearly understand the following concepts.  

*The following may also apply to a lease agreement or an agreement of purchase and sale that is not written on a Commission-approved form.  

Online Licence Renewal Recap 2019

This was the first year for online licence renewals for all licensees. This article discusses how to access your licence certificate, paid invoices and approved sales corporation licence certificate using our online database.

Terminating an Agreement by incorporating 'out clauses'

April 5, 2017

Terminating an Agreement by incorporating 'out clauses'

In our consumer research, we often ask one particular question: if you’re unhappy with the service you are receiving from your licensee, do you think you can fire them and sign up with another licensee? Nine times out of 10, the answer we hear is a resounding yes.

We’re here to explain that it isn’t quite that simple. 

The Nova Scotia Real Estate
is the regulator of the
Nova Scotia real estate industry.

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Nova Scotia Real Estate Commission

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