NSAR SALESPERSON LICENSING EXAM –
NOVA SCOTIA ASSOCIATION OF REALTORS® (NSAR) / NOVA
SCOTIA REAL ESTATE COMMISSION (NSREC) :
Newest 2026/2027 Actual Test Bank Complete Questions & Verified
Answers With Rationales
Graded A+ | Brand New Version!!
This comprehensive test bank contains 280 questions meticulously compiled to reflect the
actual NSAR Salesperson Licensing Examination administered by the Nova Scotia Real Estate
Commission (NSREC). These questions are based on the latest 2026/2027 curriculum and
regulatory requirements. Each question includes the correct answer and a detailed rationale to
enhance understanding and retention.
EXAM DOMAINS COVERED:
1. Licensing, Regulation, and NSREC (Questions 1-40)
2. Real Estate Law and Legislation (Questions 41-80)
3. Agency Relationships and Ethics (Questions 81-120)
4. Property Ownership and Land Use (Questions 121-160)
5. Valuation and Appraisal (Questions 161-195)
6. Real Estate Finance (Questions 196-225)
7. Real Estate Transactions and Contracts (Questions 226-260)
8. Environmental Issues and Risk Management (Questions 261-280)
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
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.
,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
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.
10. How often must real estate licenses in Nova Scotia be renewed?
A. Annually
B. Every 2 years
C. Every 3 years
D. Every 5 years
Correct Answer: A
Rationale: Real estate licenses in Nova Scotia must be renewed annually. Licensees
receive renewal notices and must complete the renewal process before the expiration
date to maintain active status.
11. What is the continuing education requirement for licensees in Nova Scotia?
A. No continuing education is required
B. 6 hours per year
C. 12 hours per year
D. 24 hours every 2 years
Correct Answer: C
NOVA SCOTIA ASSOCIATION OF REALTORS® (NSAR) / NOVA
SCOTIA REAL ESTATE COMMISSION (NSREC) :
Newest 2026/2027 Actual Test Bank Complete Questions & Verified
Answers With Rationales
Graded A+ | Brand New Version!!
This comprehensive test bank contains 280 questions meticulously compiled to reflect the
actual NSAR Salesperson Licensing Examination administered by the Nova Scotia Real Estate
Commission (NSREC). These questions are based on the latest 2026/2027 curriculum and
regulatory requirements. Each question includes the correct answer and a detailed rationale to
enhance understanding and retention.
EXAM DOMAINS COVERED:
1. Licensing, Regulation, and NSREC (Questions 1-40)
2. Real Estate Law and Legislation (Questions 41-80)
3. Agency Relationships and Ethics (Questions 81-120)
4. Property Ownership and Land Use (Questions 121-160)
5. Valuation and Appraisal (Questions 161-195)
6. Real Estate Finance (Questions 196-225)
7. Real Estate Transactions and Contracts (Questions 226-260)
8. Environmental Issues and Risk Management (Questions 261-280)
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
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.
,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
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.
10. How often must real estate licenses in Nova Scotia be renewed?
A. Annually
B. Every 2 years
C. Every 3 years
D. Every 5 years
Correct Answer: A
Rationale: Real estate licenses in Nova Scotia must be renewed annually. Licensees
receive renewal notices and must complete the renewal process before the expiration
date to maintain active status.
11. What is the continuing education requirement for licensees in Nova Scotia?
A. No continuing education is required
B. 6 hours per year
C. 12 hours per year
D. 24 hours every 2 years
Correct Answer: C
