SASKATCHEWAN REAL ESTATE COMMISSION

Consumer Protection

The Commission seeks to meet its mandate of consumer protection through:

• Setting standards of business conduct that promote ethical conduct, integrity and strengthen consumer trust and confidence: The Commission sets high standards of ethical and professional conduct for registrants. Registrants must follow the standards set out in the Act, its Regulations and the Commission Bylaws.
• Ensuring the suitability and good character of registrants: All registrants must provide a Certified Criminal Record Check to the Commission, and answer questions about past disciplinary proceedings, criminal proceedings, bankruptcies, and more in order to be registered.
• Requiring mandatory participation in an errors and omissions insurance program: All registrants must carry errors and omissions insurance. This insurance protects consumers against unintentional loss because of mistakes or unintended negligence made by a registrant.
• Establishing education standards: All registrants must complete the minimum education standards before being registered to trade in real estate.
• Investigating complaints: When registrants fail to meet industry standards, complaints can be made to the Commission, and the Commission will begin an investigation into the conduct of that registrant who may be disciplined, fined, and/or may have their registration suspended or cancelled.
• Administering the Real Estate Assurance Fund: The Real Estate Assurance Fund compensates consumers who have been the victim of fraud, breach of trust, or a failure to disburse or account for money held in trust by a registrant in connection with a trade in real estate.
• Providing information: The Commission’s website contains information for consumers.

Please view our Consumer Information Guide to learn more.