News Bulletin - February 3, 2016

REMINDER: Updated mandatory forms must now be used

REMINDER: Updated mandatory forms must now be used
Five updated mandatory forms were released on January 4th, 2016 and made available on nsrec.ns.ca and WebForms. Licensees were required to fully transition to the updated forms by February 1, 2016. All unused copies of expired forms must be discarded.

The updated forms are:
- Amendment to Seller/Buyer Brokerage/Designated Brokerage Agreement - Form 220
- Temporary Withdrawal or Termination of the Seller/Buyer Brokerage/Designated Brokerage Agreement - Form 221
- Property Disclosure Statement - Form 211
- Property Disclosure Statement for Vacant Land - Form 212 (NEW)
- Schedule of Leased/ Rented Equipment - Form 210

The Schedule of Leased/ Rented Equipment form has changed significantly and we created an instruction sheet to assist you in completing the updated schedule. This instruction sheet is located directly below the schedule in our website's bank of real estate forms.

Tip: To ensure you are using the updated forms, check the published date in the top right corner. The updated forms read 04/01/2016.

Licensees are also reminded that the forms released in May 2015 and made mandatory for use by July 2nd are to be used in place of older versions.
Check to see if you are using the correct form by comparing the date in the top right corner. The correct forms read:
- Working with the Real Estate Industry - 04/13/15
- Seller Brokerage Agreement - 04/14/15
- Seller Designated Brokerage Agreement - 04/14/15