Buyer Brokerage Agreement Info Sessions and Common Law Commercial Practitioners
December 1, 2016
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.
How to apply for the exemption
The broker or the managing associate broker must identify the commercial-only practitioners at the brokerage and notify the Commission of the commercial-only status of those individuals; otherwise those individuals will be expected to attend a Buyer Brokerage Agreement Info Session or the Common Law Agency course. To notify the Commission, send an email to Licensing Officer Pam Crane, This email address is being protected from spambots. You need JavaScript enabled to view it., before December 15, 2016, stating which individuals at your brokerage practice exclusively in commercial real estate. Once notified, the Commission will confirm receipt and grant those commercial practitioners an exemption.
Commercial and residential practitioners
Common Law licensees who practice both residential and commercial real estate must attend an information session. If they do not attend any of the organized information sessions, they will be required to complete the regularly scheduled Common Law Agency course by February 12th, 2017, at full cost. Failure to complete either the free information session or the Common Law Agency course by February 12, 2017, will result in their licence being suspended and their name published in accordance with Bylaw 839. Their licence will not be reinstated until the requirement is confirmed complete.
To register, visit NSAR's REALTOR Link®:
Step 1) Login to REALTOR Link®.
Step 2) Click "Course Calendar" from the right-hand Quick Links.
Step 3) Click "List" or "Calendar" under Events menu.
OR
Step 1) Login to REALTOR Link®.
Step 2) Choose "Education" from the top menu.
Step 3) Click "Course Calendar" from Quick Links.