Read our Special Edition Newsletters, released January 19th, 2016, which includes articles on important announcements and articles on topics such as:

• Commission Office Relocation
• Buyer Brokerage Agreements Mandated for Common Law
• Approved Sales Corporations Licensing Fees Changing
• HST Implementation
• What is kept in a Transaction File?
• Non Applicable Clauses on Agreements

and much more!

Read the Newsletter

Your real estate licence authorizes you to trade in real estate in Nova Scotia as it is defined in the Real Estate Trading Act.

Simply put, trading in real estate is acting on behalf of a consumer to buy or sell real property, which includes land and any dwellings attached to or included with the land, such as houses, apartment buildings, condominiums, commercial space and mobile homes. Trading also includes commercial leasing and commercial property management.

We published an article in January 2016 clarifying the procedure to add new buyers to an accepted Agreement of Purchase and Sale (APS). As noted in the article, the procedures were initially developed using a legal opinion provided to the Commission. We recently discovered that this subject was being covered in the 2015/16 mandatory course “20 Timely Topics for Salespeople” using slightly different variations of the policy by the respective course instructors. As a result, compliance staff met with the instructors to re-examine the policy to ensure consistency between the course instructors and the Commission.