The BBA
It all changed on January 1st 2017, when the Nova Scotia Real Estate Commission (NSREC), the “regulator” of Licensed Real Estate in Nova Scotia brought in new regulations. Buyers needing representation, or advice, in a real estate transaction would be required to sign a Buyer Brokerage Agreement, or BBA.
This is not a bad thing! In fact, it increases protection to the buyer and creates real transparency in the transaction, and who the REALTOR® is actually working for.
This does not mean that you call up on a house, and BAM! you have to sign a Buyer Brokerage Agreement. Select a REALTOR® that you feel confident and comfortable with, then ask questions about the agreement - How long is it for? How does it obligate you, the buyer, and the REALTOR®?
At the end of the day, it is all about your comfort level, and transparency!
Start searching for your dream home now.
Browse homes for sale in Halifax Regional Municipality by community with detailed MLS® listings. Contact us any time if you have questions or would like to book a viewing of a particular property
Start SearchYou Have Questions...We Have Answers!
Ask us any of your questions, from the home buying process in HRM to the current local real estate market to a particular property you've seen for sale, by filling out the form below. You can also call or text us anytime at 902-225-3196.
