News Bulletin - May 2, 2025
Forms Update Effective July 1, 2025
July 2025 By-law Updates Now Also Includes Part 1—Definitions
Forms Update Effective July 1, 2025
The Nova Scotia Real Estate Commission is introducing updated forms, which will take effect on July 1, 2025. The majority of these changes are being made to coincide with the By-law revisions, which also takes effect on July 1, 2025.
The forms being updated include:
- Form 100: Working with the Real Estate Industry
- Form 110: Buyer Customer Acknowledgement (will be renamed Buyer Unrepresented Party Acknowledgement)
- Form 112: Seller Customer Acknowledgement and Fee Agreement (will be renamed Seller Unrepresented Party Acknowledgement and Fee Agreement)
- Form 200: Seller Brokerage Agreement
- Form 201: Seller Designated Brokerage Agreement
- Form 203: Mere Posting Service Agreement
- Form 211: Property Disclosure Statement
- Form 212: Property Disclosure Statement for Vacant Land
- Form 222: Amendment to the Service Agreement
- Form 224: Temporary Withdrawal or Termination of Service Agreement
- Form 300: Buyer Brokerage Agreement
- Form 301: Buyer Designated Brokerage Agreement
- Form 407: Multi-Unit Residential Income Property Schedule
- Form 411: Transaction Brokerage Agreement for Common Law
- Form 412: Transaction Brokerage for Designated Agency
Licensees are to continue using the current versions of the forms up to and including June 30, 2025 and are to be immediately discontinued on July 1 when the new forms come into effect. It is essential that all licensees review and understand these new forms prior to their implementation, and have the necessary conversations with consumers regarding their use and the transition in July.
For details on the changes, visit the Commission’s website page: July 2025 Forms Updates.
The NSAR has been provided with the new versions so they can be added to WEBForms®.
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..
Reminder about Property Disclosure Statements (PDSs)
Form 211: Property Disclosure Statement and Form 212: Property Disclosure Statement for Vacant Land are seller-driven forms meant to give primary information to buyers about the seller’s knowledge of a property’s condition. When a buyer’s agent receives a PDS from a seller for their buyer client, this should be the beginning of a conversation. If a buyer has follow up questions or other questions not covered in the standard wording of the PDSs, the buyer’s licensee is responsible for contacting the seller/seller’s agent to ask those important questions. This also goes for when a PDS has not been provided. The buyer’s licensee is required to protect the interest of their client and follow their lawful instruction, which includes asking questions to finding information they need to make an informed decision.
July 2025 By-law Updates Now Also Includes Part 1—Definitions
The By-law Task Force presented their report recommending revisions to Part 1—Definitions to the Board of Directors, who approved their report and the revised By-law.
The By-law with revised Part 1 will be effective July 1, 2025 to coincide with the revised Part 7—Conduct and Trade Practices and 8—Discipline.
Examples of significant changes to Part 1 include:
- Reflecting the change from "customer" to be renamed "unrepresented party."
- New definitions include: backup offer, commercial real estate, common-law agency, common-law agent, common-law brokerage agreement, conflict of interest, employee, family member, midnight, offer, opinion of value, personal information, real estate, respondent, spouse, and unprofessional conduct.
- Obsolete definitions were removed or replaced.
- Wherever possible, definitions were simplified to make them easier to read and understand.
- Some definitions were updated to more closely mirror the Act.
This list does not cover every update being made to the By-law. Licensees are responsible for knowing and acting in accordance with the By-law. It is important for licensees to read the updated Parts 1, 7 and 8.
To read the new Part 1, click HERE.
More information is available on the Commission's website about the July 2025 updates to By-law Part 1—Definitions, Part 7—Conduct and Trade Practices and 8—Discipline.
