News Bulletin - December 16, 2016

Discipline Newsletter Released: December 2016
The Clause Book is Back!
Buyer Brokerage Agreements are becoming mandatory for common law licensees
New Policy for Coming Soon Advertising

Discipline Newsletter Released
The Commission has released the latest Discipline Newsletter.

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The Clause Book is Back!
We're pleased to release to you the revised Clause Book, ahead of schedule!

The purpose of this resour2ce is to assist licensees in determining the appropriate language for basic conditions in agreements. The clauses have been written in a standard format that are in conformity with the Act and Bylaw and may be amended to better reflect unique situations.

A big thank you to the Commission's Forms Committee for taking on the task of revising the previous Clause Book and working diligently to improve this resource for licensees.

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Buyer Brokerage Agreements are becoming mandatory for common law licensees
Starting January 1, 2017, brokerage agreements will be mandatory for all buyer clients of brokerages in Nova Scotia.

We have put together some reference material to help licensees and consumers when completing these agreements. Everything you need is conveniently located on our website.

The Audit Task Force wants your feedback
First announced in September, the Commission’s new Audit Task Force is reviewing the entire audit/inspection program and they want your thoughts on the current system. What works? What doesn't? Let them know.

New Policy for Coming Soon Advertising
The use of ‘Coming Soon’ advertisements by licensees for properties pending placement on the MLS system has noticeably increased over the past few months. The next time you take to Instagram or Facebook to highlight an anticipated future listing, take a moment to ensure what you are displaying meets the Commission’s Board of Director’s recently approved policy setting minimum standards for ‘Coming Soon’ advertising and promotions.

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Recent Sharable Content
When a licensee changes brokerages, what happens to their listings? - November 30, 2016
How to properly deal with competing offers - November 24th, 2016
What do we mean when we say something is required 'in writing'? - November 16, 2016
Homes with spooky histories: Stigmatized Properties - Oct 31, 2016

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