NSAR Salesperson Licensing Actual Exam Questions
101 to 200 with Verified Answers and Detailed
Rationales Covering Nova Scotia Real Estate Law,
Agency Relationships, Financing, Contracts,
Appraisal Valuation, Professional Ethics, Practice
Management, and NSREC Regulatory Rules for the
2026/2027 Exam Update.
Section 1: Real Estate Law & Regulations
(Questions 1–20)
1. Which piece of legislation specifically governs
real estate trading activities in Nova Scotia?
• A) Real Estate Brokers Act
• B) Real Estate Trading Act
• C) Property Management Act
• D) Nova Scotia Housing Act
☑VERIFIED ANSWER: B – The Real Estate Trading
Act is the primary statute that regulates all real
estate trading activities in Nova Scotia.
,2. Under the NSREC's authority, which action can
the Commission take against a licensee who
breaches the Code of Ethics?
• A) Issue a warning only
• B) Suspend or revoke the licence
• C) Impose a sales quota
• D) Require attendance at a sales conference
☑VERIFIED ANSWER: B – The Nova Scotia Real
Estate Commission (NSREC) has the power to
suspend, revoke, or place conditions on a licence for
ethical violations.
3. Which of the following is NOT a requirement for
obtaining a Nova Scotia salesperson licence?
• A) Completion of the NSAR pre-licensing course
• B) Passing the provincial exam
• C) Owning a brokerage
, • D) Criminal record check
☑VERIFIED ANSWER: C – Owning a brokerage is a
requirement for brokers, not for salespersons.
4. The primary purpose of the Real Estate Trading
Act in Nova Scotia is to:
• A) Increase property taxes
• B) Protect the public and regulate real estate
trading
• C) Determine mortgage rates
• D) Control zoning regulations
☑VERIFIED ANSWER: B – The Act ensures that real
estate professionals act ethically and competently
while protecting consumers.
5. What is the minimum age requirement to obtain
a real estate salesperson licence in Nova Scotia?
, • A) 16 years
• B) 18 years
• C) 19 years
• D) 21 years
☑VERIFIED ANSWER: B – Candidates must be at
least 18 years of age to be licensed.
6. Continuing Professional Education (CPE) is
required how often for a Nova Scotia salesperson
licence?
• A) Every year
• B) Every two years
• C) Every three years
• D) Every five years
☑VERIFIED ANSWER: B – Salespersons must
complete CPE requirements within each two-year
renewal period.
101 to 200 with Verified Answers and Detailed
Rationales Covering Nova Scotia Real Estate Law,
Agency Relationships, Financing, Contracts,
Appraisal Valuation, Professional Ethics, Practice
Management, and NSREC Regulatory Rules for the
2026/2027 Exam Update.
Section 1: Real Estate Law & Regulations
(Questions 1–20)
1. Which piece of legislation specifically governs
real estate trading activities in Nova Scotia?
• A) Real Estate Brokers Act
• B) Real Estate Trading Act
• C) Property Management Act
• D) Nova Scotia Housing Act
☑VERIFIED ANSWER: B – The Real Estate Trading
Act is the primary statute that regulates all real
estate trading activities in Nova Scotia.
,2. Under the NSREC's authority, which action can
the Commission take against a licensee who
breaches the Code of Ethics?
• A) Issue a warning only
• B) Suspend or revoke the licence
• C) Impose a sales quota
• D) Require attendance at a sales conference
☑VERIFIED ANSWER: B – The Nova Scotia Real
Estate Commission (NSREC) has the power to
suspend, revoke, or place conditions on a licence for
ethical violations.
3. Which of the following is NOT a requirement for
obtaining a Nova Scotia salesperson licence?
• A) Completion of the NSAR pre-licensing course
• B) Passing the provincial exam
• C) Owning a brokerage
, • D) Criminal record check
☑VERIFIED ANSWER: C – Owning a brokerage is a
requirement for brokers, not for salespersons.
4. The primary purpose of the Real Estate Trading
Act in Nova Scotia is to:
• A) Increase property taxes
• B) Protect the public and regulate real estate
trading
• C) Determine mortgage rates
• D) Control zoning regulations
☑VERIFIED ANSWER: B – The Act ensures that real
estate professionals act ethically and competently
while protecting consumers.
5. What is the minimum age requirement to obtain
a real estate salesperson licence in Nova Scotia?
, • A) 16 years
• B) 18 years
• C) 19 years
• D) 21 years
☑VERIFIED ANSWER: B – Candidates must be at
least 18 years of age to be licensed.
6. Continuing Professional Education (CPE) is
required how often for a Nova Scotia salesperson
licence?
• A) Every year
• B) Every two years
• C) Every three years
• D) Every five years
☑VERIFIED ANSWER: B – Salespersons must
complete CPE requirements within each two-year
renewal period.
