NSAR SALESPERSON LICENSING EXAM – ACTUAL TEST BANK | NOVA
SCOTIA ASSOCIATION OF REALTORS® (NSAR) / NOVA SCOTIA REAL
ESTATE COMMISSION (NSREC) NEWEST 2026/2027
ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) WITH RATIONALES|ALREADY
GRADED A+||BRAND NEW VERSION!!
SECTION 1: LICENSING, REGULATION, AND THE NOVA SCOTIA REAL ESTATE
COMMISSION (NSREC) (Questions 1-40)
1. Which organization is the regulatory body responsible for licensing real estate
professionals in Nova Scotia?
A. The Nova Scotia Association of REALTORS® (NSAR)
B. The Nova Scotia Real Estate Commission (NSREC)
C. The Canadian Real Estate Association (CREA)
D. The Department of Municipal Affairs and Housing
Correct Answer: B
Rationale: The Nova Scotia Real Estate Commission (NSREC) is the statutory
regulator responsible for licensing all real estate persons and brokerages in the
province. NSAR is the professional association that provides education and
services.
2. Under NSREC regulations, what is the minimum age requirement to apply for a
salesperson license?
A. 16 years old
B. 18 years old
C. 19 years old
D. 21 years old
Correct Answer: C
1
, Rationale: Applicants must be a minimum of 19 years of age to be eligible for a
real estate salesperson license in Nova Scotia. This is a primary eligibility
requirement set by the Commission.
3. What is the minimum passing score required on the NSREC salesperson
licensing exam?
A. 60%
B. 65%
C. 70%
D. 70.4%
Correct Answer: D
Rationale: The NSREC stipulates a specific passing grade for the Salesperson
Licensing Course exam of 70.4%, which equates to a raw score of 33/47 on the
exam.
4. After successfully passing the salesperson licensing exam, how long does a
candidate have to apply for their license?
A. 90 days
B. 120 days
C. 180 days
D. 365 days
Correct Answer: C
Rationale: Students who successfully pass the exam must apply for their
respective licence within 180 days (6 months) of the exam date. This is a strict
requirement by the Commission.
2
,5. Which of the following documents is NOT a standard requirement for a first-
time licensing application in Nova Scotia?
A. A criminal record check issued within the last 6 months.
B. Proof of high school completion or approved equivalent.
C. A signed contract of employment from a brokerage.
D. A birth certificate or Canadian passport.
Correct Answer: C
Rationale: While you must have a broker who agrees to hire you, the
application itself requires a completed application form signed by the broker or
managing associate broker of the brokerage. A standard employment contract is
not a primary application document.
6. What is the mandatory insurance that all licensees must carry to trade in real
estate in Nova Scotia?
A. General Liability Insurance
B. Commercial Property Insurance
C. Errors and Omissions (E&O) Insurance
D. Professional Indemnity Insurance
Correct Answer: C
Rationale: Errors and Omissions (E&O) insurance is mandatory for all licensees
in Nova Scotia. It must be purchased through the NSAR. You must provide proof
of this insurance before the restriction is removed from your temporary license.
7. What is the primary function of the Nova Scotia Real Estate Commission?
A. To advocate for real estate professionals.
B. To protect the public interest by regulating the real estate industry.
C. To provide sales training and continuing education.
D. To set the commission rates for real estate transactions.
Correct Answer: B
3
, Rationale: As the regulator, the primary function of the NSREC is to protect the
public interest. They do this by licensing professionals, enforcing rules and
standards, and investigating complaints.
8. A salesperson moves to a new brokerage. Who must sign the new license
application?
A. The salesperson themselves.
B. The new broker of the brokerage where they will be licensed.
C. The Chairperson of NSREC.
D. The President of NSAR.
Correct Answer: B
Rationale: Any license application, including changes of brokerage, must be
signed by the broker or managing associate broker of the brokerage where the
salesperson will be licensed.
9. What is the term used for a licensee who has completed the broker
qualifications but is not involved in brokerage management?
A. Broker
B. Managing Associate Broker
C. Associate Broker
D. Salesperson
Correct Answer: C
Rationale: An Associate Broker license is for an industry member who has
completed the broker qualifications but is authorized to trade in real estate on
behalf of a brokerage without being involved in the overall management of the
brokerage.
4
SCOTIA ASSOCIATION OF REALTORS® (NSAR) / NOVA SCOTIA REAL
ESTATE COMMISSION (NSREC) NEWEST 2026/2027
ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) WITH RATIONALES|ALREADY
GRADED A+||BRAND NEW VERSION!!
SECTION 1: LICENSING, REGULATION, AND THE NOVA SCOTIA REAL ESTATE
COMMISSION (NSREC) (Questions 1-40)
1. Which organization is the regulatory body responsible for licensing real estate
professionals in Nova Scotia?
A. The Nova Scotia Association of REALTORS® (NSAR)
B. The Nova Scotia Real Estate Commission (NSREC)
C. The Canadian Real Estate Association (CREA)
D. The Department of Municipal Affairs and Housing
Correct Answer: B
Rationale: The Nova Scotia Real Estate Commission (NSREC) is the statutory
regulator responsible for licensing all real estate persons and brokerages in the
province. NSAR is the professional association that provides education and
services.
2. Under NSREC regulations, what is the minimum age requirement to apply for a
salesperson license?
A. 16 years old
B. 18 years old
C. 19 years old
D. 21 years old
Correct Answer: C
1
, Rationale: Applicants must be a minimum of 19 years of age to be eligible for a
real estate salesperson license in Nova Scotia. This is a primary eligibility
requirement set by the Commission.
3. What is the minimum passing score required on the NSREC salesperson
licensing exam?
A. 60%
B. 65%
C. 70%
D. 70.4%
Correct Answer: D
Rationale: The NSREC stipulates a specific passing grade for the Salesperson
Licensing Course exam of 70.4%, which equates to a raw score of 33/47 on the
exam.
4. After successfully passing the salesperson licensing exam, how long does a
candidate have to apply for their license?
A. 90 days
B. 120 days
C. 180 days
D. 365 days
Correct Answer: C
Rationale: Students who successfully pass the exam must apply for their
respective licence within 180 days (6 months) of the exam date. This is a strict
requirement by the Commission.
2
,5. Which of the following documents is NOT a standard requirement for a first-
time licensing application in Nova Scotia?
A. A criminal record check issued within the last 6 months.
B. Proof of high school completion or approved equivalent.
C. A signed contract of employment from a brokerage.
D. A birth certificate or Canadian passport.
Correct Answer: C
Rationale: While you must have a broker who agrees to hire you, the
application itself requires a completed application form signed by the broker or
managing associate broker of the brokerage. A standard employment contract is
not a primary application document.
6. What is the mandatory insurance that all licensees must carry to trade in real
estate in Nova Scotia?
A. General Liability Insurance
B. Commercial Property Insurance
C. Errors and Omissions (E&O) Insurance
D. Professional Indemnity Insurance
Correct Answer: C
Rationale: Errors and Omissions (E&O) insurance is mandatory for all licensees
in Nova Scotia. It must be purchased through the NSAR. You must provide proof
of this insurance before the restriction is removed from your temporary license.
7. What is the primary function of the Nova Scotia Real Estate Commission?
A. To advocate for real estate professionals.
B. To protect the public interest by regulating the real estate industry.
C. To provide sales training and continuing education.
D. To set the commission rates for real estate transactions.
Correct Answer: B
3
, Rationale: As the regulator, the primary function of the NSREC is to protect the
public interest. They do this by licensing professionals, enforcing rules and
standards, and investigating complaints.
8. A salesperson moves to a new brokerage. Who must sign the new license
application?
A. The salesperson themselves.
B. The new broker of the brokerage where they will be licensed.
C. The Chairperson of NSREC.
D. The President of NSAR.
Correct Answer: B
Rationale: Any license application, including changes of brokerage, must be
signed by the broker or managing associate broker of the brokerage where the
salesperson will be licensed.
9. What is the term used for a licensee who has completed the broker
qualifications but is not involved in brokerage management?
A. Broker
B. Managing Associate Broker
C. Associate Broker
D. Salesperson
Correct Answer: C
Rationale: An Associate Broker license is for an industry member who has
completed the broker qualifications but is authorized to trade in real estate on
behalf of a brokerage without being involved in the overall management of the
brokerage.
4
