What is the Nova Scotia Real Estate Commission?
What is the purpose of the Real Estate Commission?
How does the commission ensure consumer confidence in the real estate industry?
What is the composition of the commission?
What are the basic responsibilities of the commission members?
What is the difference between the Nova Scotia Real Estate Commission and the Nova Scotia Association of Realtors®?
The Nova Scotia Real Estate Commission is an independent, non-government agency, responsible for the regulation of the real estate industry.
The Commission's mandate is to ensure consumer confidence in the real estate industry by establishing standards for applicants and real estate Industry Members, which promotes higher standards of professionalism, competence and integrity.
By licensing real estate practitioners (Industry Members), enforcing certain standards of practice required by the Nova Scotia Real Estate Trading Act, and investigating and taking disciplinary action against Industry Members found in violation of the Act, the By-law, or the Policies and Procedures.
The Commission is comprised of a voluntary Board of Directors, five volunteer committees and seven full-time staff members.
The Commission is responsible for administration of the Real Estate Trading Act and is accountable for its conduct to consumers and Industry Members, and the provincial government. Specifically, it is responsible for:
The Commission is a self-governing regulatory body appointed by the provincial government to license and regulate the real estate industry in Nova Scotia. The Nova Scotia Association of REALTORS® (NSAR) is a professional association with voluntary membership that offers services to its members, like MLS® and Errors and Omissions insurance. Only Industry Members who belong to NSAR can call themselves REALTORS®.