What must happen for a Settlement Agreement to have full force and effect?

For a Settlement Agreement to have full force and effect, it is necessary for it to be approved by the Complaint Review Committee. This committee is tasked with reviewing the terms of the agreement to ensure that it is fair and compliant with the necessary regulations and standards. The approval by the committee acts as a form of oversight, providing an additional layer of scrutiny to the agreement before it becomes enforceable. This process helps to protect the interests of all parties involved and ensures that the settlement aligns with the ethical and legal principles governing real estate practices in Nova Scotia.

The other options do not hold the same significance in the context of making the Settlement Agreement effective. For instance, while the industry member's signature or ratification by the NSREC Board can be important steps in other contexts, they do not specifically pertain to the necessary requirement for the agreement to gain full effect. Public voting is also not a standard procedure in this context, focusing more on individual sign-off and committee approval to ensure adherence to regulatory standards.