NSAR Salesperson Licensing Course Exam 2026/2027 | 200+ Practice
Questions & Answers | Complete Exam Prep
SECTION 1 — LICENSING, REGULATION & PROFESSIONAL PRACTICE
1. Which organization regulates the real estate industry in Nova Scotia?
A. Nova Scotia Association of Realtors
B. Nova Scotia Real Estate Commission
C. Nova Scotia Department of Finance
D. Canadian Real Estate Association
Correct Answer: B. Nova Scotia Real Estate Commission
Rationale: NSREC is the provincial regulatory body responsible for regulating Nova
Scotia's real estate industry.
2. What is the primary purpose of real estate regulation?
A. To maximize brokerage profits
B. To protect the public and promote lawful professional conduct
C. To guarantee property values
D. To eliminate competition
Correct Answer: B. To protect the public and promote lawful professional
conduct
Rationale: Regulation establishes standards intended to protect consumers and
maintain professional accountability.
3. Which person is responsible for administering the regulatory framework for
licensed real estate professionals in Nova Scotia?
A. The Registrar/Commission
B. The buyer
C. The seller
D. The mortgage lender
,Correct Answer: A. The Registrar/Commission
Rationale: NSREC administers licensing and regulatory requirements under the
governing legislation and Commission By-law.
4. What must a person generally do before becoming eligible for a Nova Scotia
salesperson licence?
A. Complete an approved salesperson licensing course
B. Own investment property
C. Work as a property manager for two years
D. Obtain a mortgage licence
Correct Answer: A. Complete an approved salesperson licensing course
Rationale: Completion of the Nova Scotia salesperson licensing course or an
approved equivalent is a licensing requirement.
5. What is the current minimum passing grade for the Nova Scotia Salesperson
Licensing Examination?
A. 60%
B. 65%
C. 70%
D. 70.4%
Correct Answer: D. 70.4%
Rationale: NSREC's current By-law specifies a minimum passing grade of 70.4% for
the Salesperson Licensing Examination. (Nova Scotia Real Estate Commission)
6. When is a Salesperson Licensing Course student considered to have
completed the course for regulatory purposes?
A. When the student finishes the first module
B. When NSREC receives notification from NSAR that the course is completed
C. When the student pays the exam fee
D. When the student books the exam
Correct Answer: B. When NSREC receives notification from NSAR that the course
is completed
,Rationale: Commission By-law 317 identifies notification from NSAR as the point
at which course completion is recognized. (Nova Scotia Real Estate Commission)
7. What is one required qualification for an individual applying for a salesperson
licence?
A. Proof of high school graduation or approved equivalency
B. A university degree in business
C. Five years of brokerage ownership
D. A mortgage broker licence
Correct Answer: A. Proof of high school graduation or approved equivalency
Rationale: Proof of high school graduation or an equivalency approved by the
Registrar is part of the salesperson licensing requirements. (Nova Scotia Real
Estate Commission)
8. What is the purpose of a licensing examination?
A. To determine a person's property ownership
B. To assess whether the applicant has demonstrated required knowledge
C. To determine commission rates
D. To determine mortgage eligibility
Correct Answer: B. To assess whether the applicant has demonstrated required
knowledge
Rationale: A licensing examination tests the knowledge required for competent
professional practice.
9. Which activity is most consistent with a licensee's professional responsibility?
A. Providing knowingly false information
B. Acting within legal and regulatory requirements
C. Concealing material information
D. Misrepresenting property features
Correct Answer: B. Acting within legal and regulatory requirements
Rationale: Licensed professionals must comply with applicable legislation,
regulations, and professional obligations.
, 10. Why should a salesperson maintain accurate transaction records?
A. To avoid communicating with clients
B. To demonstrate compliance and preserve an accurate transaction history
C. To guarantee a sale
D. To increase property value
Correct Answer: B. To demonstrate compliance and preserve an accurate
transaction history
Rationale: Proper records support accountability, compliance, and accurate
administration of transactions.
11. Which party establishes the regulatory rules governing licensed real estate
activity in Nova Scotia?
A. A private brokerage
B. The provincial regulatory framework administered by NSREC
C. Individual sellers
D. Individual buyers
Correct Answer: B. The provincial regulatory framework administered by NSREC
Rationale: Real estate professionals operate under provincial legislation and
NSREC's regulatory framework.
12. What does professional competence require?
A. Refusing to seek assistance
B. Maintaining sufficient knowledge and skill for assigned duties
C. Guaranteeing every transaction
D. Avoiding documentation
Correct Answer: B. Maintaining sufficient knowledge and skill for assigned
duties
Rationale: Competent practice requires reasonable knowledge, care, and skill.
13. If a matter is outside a salesperson's expertise, what is generally the most
appropriate approach?
Questions & Answers | Complete Exam Prep
SECTION 1 — LICENSING, REGULATION & PROFESSIONAL PRACTICE
1. Which organization regulates the real estate industry in Nova Scotia?
A. Nova Scotia Association of Realtors
B. Nova Scotia Real Estate Commission
C. Nova Scotia Department of Finance
D. Canadian Real Estate Association
Correct Answer: B. Nova Scotia Real Estate Commission
Rationale: NSREC is the provincial regulatory body responsible for regulating Nova
Scotia's real estate industry.
2. What is the primary purpose of real estate regulation?
A. To maximize brokerage profits
B. To protect the public and promote lawful professional conduct
C. To guarantee property values
D. To eliminate competition
Correct Answer: B. To protect the public and promote lawful professional
conduct
Rationale: Regulation establishes standards intended to protect consumers and
maintain professional accountability.
3. Which person is responsible for administering the regulatory framework for
licensed real estate professionals in Nova Scotia?
A. The Registrar/Commission
B. The buyer
C. The seller
D. The mortgage lender
,Correct Answer: A. The Registrar/Commission
Rationale: NSREC administers licensing and regulatory requirements under the
governing legislation and Commission By-law.
4. What must a person generally do before becoming eligible for a Nova Scotia
salesperson licence?
A. Complete an approved salesperson licensing course
B. Own investment property
C. Work as a property manager for two years
D. Obtain a mortgage licence
Correct Answer: A. Complete an approved salesperson licensing course
Rationale: Completion of the Nova Scotia salesperson licensing course or an
approved equivalent is a licensing requirement.
5. What is the current minimum passing grade for the Nova Scotia Salesperson
Licensing Examination?
A. 60%
B. 65%
C. 70%
D. 70.4%
Correct Answer: D. 70.4%
Rationale: NSREC's current By-law specifies a minimum passing grade of 70.4% for
the Salesperson Licensing Examination. (Nova Scotia Real Estate Commission)
6. When is a Salesperson Licensing Course student considered to have
completed the course for regulatory purposes?
A. When the student finishes the first module
B. When NSREC receives notification from NSAR that the course is completed
C. When the student pays the exam fee
D. When the student books the exam
Correct Answer: B. When NSREC receives notification from NSAR that the course
is completed
,Rationale: Commission By-law 317 identifies notification from NSAR as the point
at which course completion is recognized. (Nova Scotia Real Estate Commission)
7. What is one required qualification for an individual applying for a salesperson
licence?
A. Proof of high school graduation or approved equivalency
B. A university degree in business
C. Five years of brokerage ownership
D. A mortgage broker licence
Correct Answer: A. Proof of high school graduation or approved equivalency
Rationale: Proof of high school graduation or an equivalency approved by the
Registrar is part of the salesperson licensing requirements. (Nova Scotia Real
Estate Commission)
8. What is the purpose of a licensing examination?
A. To determine a person's property ownership
B. To assess whether the applicant has demonstrated required knowledge
C. To determine commission rates
D. To determine mortgage eligibility
Correct Answer: B. To assess whether the applicant has demonstrated required
knowledge
Rationale: A licensing examination tests the knowledge required for competent
professional practice.
9. Which activity is most consistent with a licensee's professional responsibility?
A. Providing knowingly false information
B. Acting within legal and regulatory requirements
C. Concealing material information
D. Misrepresenting property features
Correct Answer: B. Acting within legal and regulatory requirements
Rationale: Licensed professionals must comply with applicable legislation,
regulations, and professional obligations.
, 10. Why should a salesperson maintain accurate transaction records?
A. To avoid communicating with clients
B. To demonstrate compliance and preserve an accurate transaction history
C. To guarantee a sale
D. To increase property value
Correct Answer: B. To demonstrate compliance and preserve an accurate
transaction history
Rationale: Proper records support accountability, compliance, and accurate
administration of transactions.
11. Which party establishes the regulatory rules governing licensed real estate
activity in Nova Scotia?
A. A private brokerage
B. The provincial regulatory framework administered by NSREC
C. Individual sellers
D. Individual buyers
Correct Answer: B. The provincial regulatory framework administered by NSREC
Rationale: Real estate professionals operate under provincial legislation and
NSREC's regulatory framework.
12. What does professional competence require?
A. Refusing to seek assistance
B. Maintaining sufficient knowledge and skill for assigned duties
C. Guaranteeing every transaction
D. Avoiding documentation
Correct Answer: B. Maintaining sufficient knowledge and skill for assigned
duties
Rationale: Competent practice requires reasonable knowledge, care, and skill.
13. If a matter is outside a salesperson's expertise, what is generally the most
appropriate approach?
