What's New

A New Registration Model

Effective January 1, 2024, the Saskatchewan Real Estate Commission will be implementing a new registration model. The decision to move from the current model was undertaken after consultation with stakeholders and consideration by the Commission. The change in education requirements necessitated a change in the Commission Bylaws, which in turn required notice to, and approval from, the Financial and Consumer Affairs Authority of Saskatchewan (“FCAA”). Now that the requisite changes to the Bylaws have been approved and processed by the FCAA, the Commission is pleased to announce the changes to its registration model.

Currently, students interested in real estate sales are required to complete education courses relating to all three of the specialty real estate categories (Residential, Commercial, and Farm) and are eligible to trade in all three categories upon registration. Under the new model, students will be able to become registered with the Commission without completing courses in all three of the categories.

As of January 1, 2024, all students will be required to complete the Phase 1 – Real Estate as a Professional Career and the Phase 2 – Residential Real Estate as a Professional Career courses in order to become registered with the Commission. Once these two courses are complete, the student will be eligible for registration with the Commission to trade in residential real estate only. Students have the option of completing the Phase 2 – Commercial Real Estate as a Professional Career and/or the Phase 2 – Farm Real Estate as a Professional Career courses at a later date in order to be registered to trade in those areas.

Please see the following for further information:
http://www.srec.ca/pdf/NewRegistrationModel-Nov2023.pdf

Re: Fraud Charges

The Saskatchewan Real Estate Commission (the “Commission”) has been tasked with regulation of the real estate industry by way of enforcement of The Real Estate Act, the Regulations and the Commission Bylaws. The Commission is mandated to protect consumers and to provide services that enhance and improve the industry and the business of industry members. The Commission carries out its mandate by regulating the conduct of real estate agents and brokerages (“registrants”) who are trading in real estate in Saskatchewan.

To this end, the provincial real estate legislation grants the Commission broad authority to order sanctions against a registrant who is found to have violated his or her professional obligations. Depending on the nature of the breach, a registrant may be subject to a suspension or termination of his or her certificate of registration, a fine of up to $25,000, and/or any other sanction that the Commission considers just.

The Commission is aware of criminal charges that have been laid against two former registrants by the Saskatoon Police Service.

Pursuant to Bylaw 723, registrants in Saskatchewan are required to provide written notice to the Commission of the commencement of proceedings pursuant to the Criminal Code against the registrant or any resulting conviction against the registrant. The legislation also requires registrants to avoid unprofessional conduct or conduct unbecoming of a registrant, as well as any conduct that is harmful to the best interests of the public, the registrants or the Commission.

The Commission does not comment on the status of complaints and compliance investigations unless and until an order is made against a registrant.

Summary of Amendments to the Residential Contract of Purchase and Sale

The Saskatchewan Real Estate Commission has made amendments to the mandatory Residential Contract of Purchase and Sale which become effective October 19/2022
Click here for more information.