The Commission Board of Directors have approved a number of bylaw revisions to (1) introduce online voting in place of paper and proxy voting for the 2017 Annual General Meeting, and (2) to enhance the compliance recourse when licensees do not comply with the Commission during investigations or audits.

View the Bylaw here.

All real estate agreements expire. A specific date is always included to identify to the consumer the time period that they have agreed to receive services from the brokerage. Once the agreement expires, the client has no longer agreed to receive those services and, thus the brokerage must not continue to provide those services after that time.

Starting January 1, 2017, the Nova Scotia Real Estate Commission will require all brokerages to sign a brokerage agreement with buyers who agree to be clients of their brokerage. This move is aimed at enhancing consumer protection by improving transparency between the brokerage and buyer by clearly outlining expectations at the time they agree to work together.

Common Law licensees who practice only in commercial real estate (zero residential trades) are eligible for an exemption to the mandatory buyer brokerage agreement information session, because the information is specific to the practice of residential real estate. 

When a licensee decides to move to another brokerage, what happens to the sellers that they have been working with and their listings? Do they go with the licensee?

The licensee could continue to work with client on their listing, if the broker and client(s) agree in writing. This is simply because real estate agreements are between the client(s) and the brokerage, not the licensee themselves. This means the agreements remain with the brokerage unless the broker and client agree in writing to change the representation to another brokerage. This requirement is also the same with buyer clients who want to maintain their working relationship with a licensee who decides to move to a new brokerage; those agreements are also between the client and brokerage.