News Bulletin - March 31, 2026

Forms Changes Effective May 1, 2026
Board Update: James Collins Elected by Acclamation
Important Dates Reminder (AGM, May 1 Forms, CPE)

Forms Changes Effective May 1, 2026

The Commission Board of Directors has approved forms changes as recommended by the Forms Committee, effective May 1, 2026.

The following forms will be updated:

• Form 400: Agreement of Purchase and Sale
• Form 402: Resale Condominium Schedule
• Form 403: Agreement of Purchase and Sale for New Construction
• Form 404: Vacant Land Schedule
• Form 406: Mini/Mobile Home Schedule (to be renamed Mini/Mobile/Manufactured Home and/or Leased Land Community Schedule)
• Form 407: Multi-Unit Residential Income Property Schedule
• Form 431: Water and Septic Schedule

Until April 30, 2026, licensees must continue using the current versions of the forms. Effective May 1, 2026, the current forms will be discontinued and only the new forms may be used. Licensees are required to review and familiarize themselves with the revised forms in advance.

More information on the changes, including watermarked versions for review is available on the May 2026 Forms Updates page on the Commission website.

The Commission’s website pages with password protected non-member versions and watermarked versions for consumer information will be updated for May. The Commission has also provided updated versions to NSAR.

Key Highlights

• Revisions to deposit and property migration clauses
• Renaming “additional conditions” to “additional provisions”
• Revisions for consistency and improvements to seller’s obligations and buyer’s conditions clauses
• Enhancements to Form 406, including clearer scope and updated terminology for leased land communities

Communicating With Clients

Licensees must discuss the upcoming changes with their clients, including key differences between the current and updated forms and any potential impact on their transaction.

Alternative Electronic Signature Software

If you use alternative electronic signature software and need the new forms to prepare them for administrative purposes, email the Commission's Communications Officer, This email address is being protected from spambots. You need JavaScript enabled to view it..

Board Update: James Collins Elected by Acclamation

Congratulations to James Collins, broker of Cushman & Wakefield Atlantic, who has been elected by acclamation for a three-year term. His term will commence at the AGM on April 30, 2026.

Important Dates Reminder

April 30, 2026: Annual General Meeting

May 1, 2026: New Forms Effective

June 15, 2026: Mandatory CPE Deadline

All licensees (salespeople, associate brokers, managing associate brokers, and brokers) are required to complete Professionalism Sells. All broker-level licensees (associate brokers, managing associate brokers, and brokers) are also required to complete the broker CPE: Keeping It on the Rails.

All licensees must complete their mandatory CPE course(s) by 11:59 p.m. on June 15, 2026. Failure to do so will result in ineligibility to renew your licence(s). Renewal eligibility will be reinstated once all required CPE courses have been successfully completed. Licensees can verify their CPE completion status at any time through the licensee portal.