Updates to satisfying buyer's conditions changes, effective January 3rd, 2022. Click here for more information.

 

 

News Bulletin - November 9, 2022

New Holdback Clause
NSREC Mandatory CPE Course for 2022-2023

New Holdback Clause

The Commission has added a new clause on holdbacks to the Clause Book, available on the Commission website.

The previous Clause Book did not offer a clause on holdbacks, and the issue was brought to the attention of the Commission as a result of Hurricane Fiona, which caused extensive damage to multiple properties across the province currently under contract that could not be repaired prior to the scheduled closing. It is in the best interest of the client for them to consult with legal counsel before using a holdback clause. 

NSREC Mandatory CPE Course for 2022-2023

The NSREC mandatory CPE course for 2022-2023, Hot Market Topics, will be available online via the NSAR Training Hub on November 25th, 2022. Licensees do not need to contact NSAR to register for the course. NSAR will be reaching out soon with further instructions.

This course explores the importance of understanding market conditions, offer processes and the respective roles of licensees and consumers, with emphasis on ensuring forms are fully and accurately completed before their deadlines.

Licensees are required to complete the course before 11:59 p.m. on June 15th, 2023, or they will not be able to renew their licence and will not be eligible for renewal until the course is complete. The course will be unavailable from June 16th - July 11th, 2023. 

New licensees joining between January 1st, 2023 and June 30th, 2023 will be exempt from the 2022-2023 course. 

If you have questions about registering for the CPE, email the NSAR Education Co-ordinator, Claire Beck, at This email address is being protected from spambots. You need JavaScript enabled to view it..

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The Nova Scotia Real Estate
Commission
is the regulator of the
Nova Scotia real estate industry.

Contact Us

Nova Scotia Real Estate Commission

601-1595 Bedford Highway
Bedford, NS
B4A 3Y4

p: 1.902.468.3511 or
1.800.390.1015

f:  1.902.468.1016 or
1.800.390.1016

e: For licensing information
licensing@nsrec.ns.ca
For complaints
compliance@nsrec.ns.ca