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In addition to mandatory listing documents, you must provide proof that the individual that is selling the property has the right to do so. You will need a copy of the will or Power of Attorney indicating that the individual can legally sell the property. FINTRAC is required for all people that are signing. A note we have received from a lawyer: If the estate has not received Letters Probate, you must make a note that your clients are signing as proposed executors before list

Required Information Legal Description Serial number, model and make of the mobile home, along with the CSA number are used for the legal description on your listing for a mobile home on a leased lot. - Canadian Standards Association (CSA) Number If a CSA certificate label is removed or lost, a new label cannot be issued and so the home must be re-certified. This could be a long and expensive process. - Serial Number - Model or SIR Number A certification label from the CSA w

Did you know that City of Saskatoon Bylaw 7491 addresses where you can and can not place your Open House Signs? There are design restrictions and a number of locations where Open House signs are not permitted AT ALL! Must have no more than 2 sign faces; The top of the sign must be no higher than 1 metre above grade; The total sign face area must be no larger than 0.6 square metres and must be self-supporting; Must not be animates, illuminated, rotating, flashing or have movi

When you are working with buyers who have not personally viewed the property, or have opted to not complete a home inspection: Occasionally, a buyer will want to purchase a home without viewing, or perhaps deciding to not include an inspection conditions. To protect yourself, and to ensure that your client understands the situation, you should have a conversation with them and then follow up that conversation with an email. Here are a couple of examples: No Home Inspection Co

Key Property Documents for Saskatchewan REALTORS® When representing buyers or sellers, a REALTOR® should obtain and review key property documents to provide informed guidance. This document outlines the purpose and benefits of the following: Title Detail Report, Parcel Picture, SAMA Report, and City of Saskatoon Property Information Disclosure (PID) Statement. The brokerage will order Title Reports, Parcel Pictures and SAMA reports for you and charge the order to your monthly

Signing by pen requires a witness signature Anyone signing a real estate document in person, using a pen, but have another person witness their signature. This person does not need to be a Realtor®. however, only a Realtor® can explain the contents of the document. Non-Realtor® witnesses are only witnessing that the client has signed the document. Signing Electronically: Alternatively, clients can sign documents electronically. There are rules that must be followed according

After completing your Continuing Professional Development course (CPD), you will receive an email stating that you are now eligible to your renew your annual license. If you fail to renew your license by 11:59 p.m. on June 30, you will no longer be able to log into your SREC portal and re-registration will have to be completed by the brokerage. This is not something to take lightly. The Commission may issue a warning for a first offence or, if they find evidence that you were

The question to ask: What is the main purpose of the acreage? Here is the definition as described by SREC's Practice Advisor. Farm  vs Residential Acreage - not defined by the amount of acres Bylaw 302.6 (a) describes an acreage as a hobby farm used for residential purposes 302.6 (c) describes farm real estate as a primary purpose of farming DEFINITIONS 302.6- For the purposes of Part Three of the bylaws, the terms residential real estate, commercial real estate and farm real

The Saskatchewan Real Estate Commission (SREC) regulates the real estate industry in Saskatchewan, focusing on licensing, education, and disciplinary functions to protect consumers and ensure ethical conduct. All real estate brokerages, brokers, branch managers, and salespeople must be registered with the SREC. We are often asked what a from SREC may look like. Below are some cases that resulted in fines. We can't say with certainty that every situation will be the same, or b

What happens when your buyers have a conditional offer on a property and change their mind? Let you clients know that their deposit is safe. The Residential Contract of Purchase and sale is very clear in Clause 7.2 that if conditions are not removed in writing, the entire deposit is returned to the buyer. Also, let them know that the seller does have the option seek a civil remedy for breach of contract (Clause 7.6), and if they are concerned about any repercussions, they sho