This consolidation is unofficial and is for reference only. For the official version of the regulations, consult the original documents on file with the Registry of Regulations, or refer to the Royal Gazette Part II. Regulations are amended frequently. Please check the list of Regulations by Act to see if there are any recent amendments to these regulations filed with the Registry that are not yet included in this consolidation. Although every effort has been made to ensure the accuracy of this electronic version, the Registry of Regulations assumes no responsibility for any discrepancies that may have resulted from reformatting. This electronic version is copyright © 2009, Province of Nova Scotia, all rights reserved. It is for your personal use and may not be copied for the purposes of resale in this or any other form.
Real Estate Trading Commission Regulations
made under clauses 44(1)(b), (e) & (f) of the
Real Estate Trading Act
S.N.S. 1996, c. 28
O.I.C. 97-628 (October 1, 1997), N.S. Reg. 131/971 These regulations may be cited as the Real Estate Trading Commission Regulations.
2 For greater certainty, "majority vote" means a vote of the majority of voting members of the Commission present at a meeting.
3 (1) The Commission is vested with the power to sue and be sued, to contract and be contracted with in its name, to have a common seal and to alter or change it at pleasure, to have perpetual succession, to acquire and hold property or movables and to alienate the same at pleasure.
(2) Members of the Commission when acting within the powers and duties assigned to them under the Act and the regulations are exempt from personal liability for its debts, obligations or acts.
4 The Commission shall forward to the Superintendent a copy of each annual financial report filed in respect of the trust accounts of licensed brokers for the first year of the operation of the Commission.