Registration
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- The Commission is charged with the responsibility of registering all real estate and property management brokerages, brokers, branch managers and salespeople.
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Education
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- To maintain high professional standards, the Commission ensures that all mandatory educational requirements are met. To this end, the Commission has contracted to the Saskatchewan Real Estate Association to administer all pre-registration courses that allow salespeople to initially begin to trade in real estate and brokers to open their own company.
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IBTA
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- The Real Estate Act stipulates that all brokerages are required to maintain an Interest Bearing Trust Account for monies received in trust for any trade in real estate. The Commission audits these accounts to ensure compliance. Interest received is used to promote continuing education for registrants and to sponsor, support and promote research.
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Special Projects
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- For the overall enhancement of the industry, the Commission is empowered to develop specific projects relating to real estate matters and for educational purposes for all registrants within the province. This is made possible through the monies collected from interest earned through a brokerage's interest bearing trust account.
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Investigations
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- The Commission is charged with investigating all complaints from within the industry and from the general public as well as handling any discipline through a hearing process as set out in the Act, Regulations and Bylaws.
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REAF
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- The Real Estate Assurance Fund is designed to provide financial protection to the general public for claims that qualify. Individuals who have lost monies through a deposit that was not placed into a brokerage's interest bearing trust account may make application for recovery of the loss through the Real Estate Assurance Fund.
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