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Brokerage Audit Committee
Type
Standing Committee

Term
July 1 to June 30; annual appointment of Commission members to this committee will be made by the Commission.

Committee Composition
It shall be comprised of a Chairperson and at least three other Commission members one of whom shall be the IC & I appointee. The four-person committee must have a minimum of two registrants which shall include the IC & I appointee.

Mandate
The mandate of the Brokerage Audit Committee is as follows:
  • to ensure the audit of all brokerage trust accounts at least once every five years;
  • to ensure the audit of new brokerages within 18 months of initial registration;
  • to review a sampling of completed audits, as necessary, for compliance with Saskatchewan real estate legislation;
  • to review audit timing and procedures for future audits;
  • to review audits, together with staff, for possible concerns; and
  • to ensure that the audit serves as an educational tool with brokers.


Communication Committee:
Type
Standing Committee

Term
July 1 to June 30; annual appointment of Commission members to this committee will be made by the Commission.

Committee Composition
It shall be comprised of a Chairperson and at least three other registrants or Commission members.

Mandate
The mandate of the Communication Committee is as follows:
  • to communicate the Mission and Vision of the Saskatchewan Real Estate Commission.


Education Committee:
Type
Standing Committee

Term
July 1 to June 30; annual appointment of Commission members to this committee will be made by the Commission.

Committee Composition
It shall be comprised of a Chairperson and at least three other registrants or Commission members.

Mandate
The mandate of the Education Committee is as follows:
  • to identify issues relating to the development and delivery of real estate registration education; and
  • to make recommendations to the Commission on issues concerning the education of registrants, both pre and post-registration.


Examination Task Force:
Type
Standing Committee

Term
July 1 to June 30; annual appointment of Registrant members to this committee will be made by the Commission.

Committee Composition
It shall be comprised of a Saskatchewan Real Estate Commission (SREC) staff representative and at least six Registrants. One of the Registrants on the Committee is to act as the Chairperson.

Mandate
The mandate of the Education Examination Ad-Hoc Committee is to assist the Commissionís Education Committee as follows:


Future Facility Ad-Hoc Committee:
Type
Standing Committee

Term
July 1 to June 30; annual appointment of Commission members to this committee will be made by the Commission.

Committee Composition
It shall be comprised of the Chairperson and at least two other Commission members one of whom shall be the I C & I appointee.

Mandate
The mandate of the Future Facility Ad-Hoc Committee is as follows:


Hearing Committee:
Type
Standing Committee

Term
July 1, 2014 to June 30, 2015; annual appointment of Commission members to this committee will be made by the Commission.

Committee Composition
The Commission Bylaws read as follows:
802 - The hearing committee is established consisting of not fewer than three (3) individuals who are Commission members or registrants but may include one individual who is a practicing lawyer in good standing with the Law Society of Saskatchewan, who is not a Commission member or registrant.

803 - The Commission, pursuant to subsection 9(3) of the Act, delegates to the hearing committee its powers and duties to:
(a) hear a complaint pursuant to section 37 of the Act; and
(b) make an order pursuant to section 38 of the Act.

804 - Upon receiving a written report pursuant to clause 35(2)(a) of the Act, the members of the hearing panel who will conduct the hearing will be selected from the Commissionís established Hearing Committee.

Mandate
  • to hear matters referred to the committee by the Registrar and/or the Investigation Committee; and
  • to render fair and appropriate decisions in a timely fashion.


Investigation Committee:
Type
Standing Committee

Term
Commission Bylaw 801 reads as follows: "A member appointed, by motion of the Commission, to the investigation committee pursuant to subsection 34(1) of the Act shall hold this position until the Commission, by motion, terminates the member's term."

Mandate
The mandate of the Investigation Committee is as follows:
  • to consider, and if necessary, investigate all complaints made to the Saskatchewan Real Estate Commission.


Legislative Committee:
Type
Standing Committee

Term
July 1 to June 30; annual appointment of Commission members to this committee will be made by the Commission.

Committee Composition
It shall be comprised of a Chairperson and at least three other Commission members and/or registrants.

Mandate
The mandate of the Legislative Committee is as follows:


Management Committee:
Type
Standing Committee

Term
July 1 to June 30; annual appointment of Commission members to this committee will be made by the Commission.

Committee Composition
It shall be comprised of the Chairperson, Vice Chairperson and at least two other Commission members.

Mandate
The Management Committee will report to Commission as follows:
  • make recommendation for selection and approval by Commission of the external auditor every three years;
  • review the annual fee paid to the external auditor;
  • review the annual audit plan as presented by the external auditor and the plans as they pertain to areas of high risk and control levels;
  • review the annual audit results with the external auditor;
  • examine any changes in accounting practices and policies;
  • receive and review the management letter prepared by the external auditor and meet with the external auditor without the presence of the Commissionís management team;
  • review the annual financial statements and recommend approval to the Commission;
  • to conduct the annual evaluation of the Executive Director/Registrar;
  • to act as the liaison with the executive Committee of the Association of Saskatchewan REALTORSģ;
  • to review, provide advice, and make recommendations to the Commission with respect to the following:

  •       o    the financial, accounting and investment policies of the Commission;
          o    the annual budget prepared by administration;
          o    the Interest Bearing Trust Account funds and recommendations for projects;
          o    employment policies and guidelines for the Commission and its employees
  • to provide advice and recommendations to the Commission regarding:

  •       o    development and evaluation of the Commission members, its committees and staff;
          o    Commission/Executive Director/Registrar relationship;
          o    succession planning;
          o    Commission member orientation;
          o    strategic thinking/planning;
          o    transparency and accountability;
          o    community/stakeholder engagement;
          o    oversight of the organization;
          o    ethics and code of conduct; and
          o    other governance issues