News Bulletin - November 1, 2016

New real estate forms released today
New Policy for Coming Soon Advertising
The Audit Task Force wants your feedback
Have you taken your mandatory BBA course?

New real estate forms released today
The Commission is pleased to announce the release of the following updated forms:

Form 112 – Seller/Customer Acknowledgement & Fee Agreement
Form 203 – Mere Posting Service Agreement
Form 222 – Amendment to Service Agreement
Form 223 – Assignment of Brokerage Agreement
Form 224 – Temporary Withdrawal or Termination of Service Agreement

Licensees must transition to the updated versions by January 1, 2017. After this date, all unused copies of older versions must be discarded.

See the full list of the Commission's mandatory forms here

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.

Read More

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.

Have you taken your mandatory BBA course?
A reminder for all common law licensees that the Commission has been providing mandatory information sessions in communities across the province to common law licensees free of charge. These seminars focus directly on using the new Buyer Brokerage Agreement and are available to licensees up to December 2016.

For more information on these sessions, read our August bulletin.

Click here for scheduled course dates.

Recent Sharable Content
Homes with Spooky Histories: Stigmatized Properties - Oct 31, 2016
Trust Deposits & Disbursements - Oct 26, 2016
Common Errors with Electronic Signatures - Oct 13, 2016