MSC Allows Temporary Exemption on
Signatures
Winnipeg - The Manitoba
Securities Commission (MSC) Real Estate Division has issued a special,
temporary exemption regarding physical signatures on the key documents used in
a typical real estate purchase. The exemption is a temporary measure taken to
reduce the risk of COVID exposure during real estate transactions.
Order No. 2785 - Temporary Exemption from the Requirement to Obtain a Physical Signature on Certain Documents and to physically Deliver those Documents under The Real Estate Brokers Act provides a temporary exemption on physical signatures and physical delivery of the executed exclusive listing agreements, executed offers to purchase, accepted offers to purchase and executed listing agreements.
These documents must still be signed electronically and the records must still be maintained by real estate brokers. This exemption will be in place until at least Sept. 30, 2020.