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Exam (elaborations)

NSAR EXAM PREPARATION QUESTIONS WITH 100% VERIFIED ANSWERS!!

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NSAR EXAM PREPARATION QUESTIONS WITH 100% VERIFIED ANSWERS!!

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NSAR EXAM PREPARATION QUESTIONS
WITH 100% VERIFIED ANSWERS!!




1 of 59

Definition



More does not mean better (adding a 1 car garage may add 20,000$
in value but adding a 3 car garage does not add 60,000$ in value)



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The Theory of Compounding The Principle of
Returns Increasing/decreasing returns

, The Law of Constant Value Addition The Principle of Unlimited Growth


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2 of 59

Definition


When required, members of this committee form a hearing panel to
hold formal discliplinary hearings involving licensees. The committee
hears the evidence and renders a decision.



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The Peo Council The NSREC Board Of Directors




The Discipline Committee The Complaint Review Committee


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, 3 of 59

Definition


sets the licensing standards for Nova Scotia Real Estate, their role is
to review the registrars licensing decisions upon request and make
additional decisions based on any appeals or requests for
exemptions. This Board also makes recommendations to the Board
of Directors on licensing issues and continuing education.



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The Complaint Review Committee The Discipline Committee




The Canadian Real
Estate Association The Licensing Committee


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4 of 59

Definition


based on time, market value, similarity and proximity



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Subjective Value Limited Duty of Care

, The Cost Approach A good Comparable


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5 of 59

Definition


made up of licensees and members of the public from across Nova
Scotia. This committee reviews all of the registrars complaint
decisions and may accept, reject, or make recommendations to
amend decisions.



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The Discipline Committee The Licensing Committee



The complaint Review
The NSREC Board of directors
Committee


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