Government of Saskatchewan
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Saturday, February 06, 2016
Saskatchewan Justice

The Real Estate Act provides the legislative framework for the regulation of real estate salespersons and brokerages. It also regulates trading in real estate, such as the purchase, sale, exchange, option or lease of real estate, time-share plans and property management agreements.

All brokerages, brokers, branch managers, associate brokers and salespersons must be registered with the Saskatchewan Real Estate Commission. The Commission administers the licensing, education and disciplinary functions governing the industry. The Superintendent of Real Estate approves all Commission bylaws and hears appeals from Commission decisions.

Brokerages are required to maintain trust accounts for the deposit of all money received in connection with trades in real estate. The Real Estate Assurance Fund protects consumers' deposits by compensating consumers if there is a deficiency in the money held in trust by a brokerage in connection with a trade in real estate.

The Commission may refuse to register a real estate salesperson or brokerage or to reinstate the registration of a person if:

  • the person or their officers or directors cannot reasonably be expected to be financially responsible in the conduct of business; or
  • the past conduct of the person or their officers or directors provides reasonable grounds for believing they will not carry on business with integrity and honesty in accordance with the legislation and the bylaws.

Any person who has a complaint respecting a real estate salesperson or brokerage should contact the Saskatchewan Real Estate Commission. They will investigate the complaint and may issue a reprimand, cancel or suspend registration, or order a registrant to pay a fine, make restitution or obtain treatment or further education.

In addition to any actions taken by the Commission to deal with unlawful practices, the Superintendent may:

  • apply to the court to appoint a receiver, receiver manager, or trustee to hold or manage all or part of the property of a brokerage;
  • freeze a brokerage's trust accounts; and
  • issue a cease trading order.

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