SAR Salesperson Licensing Exam Nova
N
Scotia Real Estate Commission Actual Exam
2026/2027 with Detailed Rationales | Complete
Exam-Style Questions | Pass Guaranteed – A+
Graded
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SECTION 1: REAL ESTATE TRADING ACT & COMMISSION BY‑LAW Q1 – Q10
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Question 1 of 50
During a casual conversation at a community BBQ, a neighbor offers to pay a newly
licensed salesperson a flat fee to help negotiate the purchase of a commercial property,
since the salesperson is not currently registered with a brokerage. The salesperson
agrees and assists in the negotiation. Under the Real Estate Trading Act, the
salesperson's action is:
. Permissible because the salesperson holds a valid license and is acting within its
A
scope
B. Acceptable provided the flat fee is declared as independent income on their tax
return
C. Lawful as long as the salesperson does not sign the agreement of purchase and sale
D. Prohibited because a salesperson may only trade in real estate when registered with
a brokerage ✓ CORRECT
Correct Answer: D
,Rationale: Under the Nova Scotia Real Estate Trading Act, a salesperson is only
authorized to trade in real estate when they are registered with and acting on behalf of a
licensed brokerage. The most tempting wrong answer is A, which incorrectly assumes
that holding a license in isolation permits independent trading. Always remember that a
salesperson's license is inherently tied to the supervising brokerage's registration.
Question 2 of 50
A brokerage receives a written complaint from a client alleging that a salesperson failed
to present an offer in a timely manner. The brokerage forwards the complaint to the
Nova Scotia Real Estate Commission. Under the Commission By-law, the Commission's
immediate next step is to:
. Suspend the salesperson's license pending a formal hearing before the Commission
A
B. Determine if the complaint alleges facts that, if true, would constitute professional
misconduct ✓ CORRECT
C. Require the brokerage to pay financial compensation to the client within 30 days
D. Publicly reprimand the salesperson on the NSREC online registry before investigating
orrect Answer: B
C
Rationale: Under the Commission By-law, the Commission must first screen the
complaint to determine if the alleged facts, if proven, would constitute a breach of the
Act, Regulations, or By-law. Answer A is incorrect because the Commission does not
have the authority to suspend a license without first conducting a formal inquiry or
hearing. On the exam, look for the procedural steps that respect due process before any
penalties are applied.
Question 3 of 50
,A developer wants to sell units in a newly proposed condominium building that has not
yet been constructed. The developer asks a salesperson what licensing requirements
apply to the sales team. Under the Real Estate Trading Act, the salesperson must advise
the developer that:
. No license is required for the sales team if the developer is selling the units directly
A
B. The sales team must be licensed under the Real Estate Trading Act unless a specific
exemption applies ✓ CORRECT
C. Only the brokerage requires a license, while individual salespeople are exempt for
new builds
D. The sales team only needs a license if the condominium building exceeds four units
orrect Answer: B
C
Rationale: The Real Estate Trading Act requires anyone trading in real estate on behalf
of another for a fee to be licensed, meaning the sales team must hold licenses unless a
specific statutory exemption applies. Answer C is a common trap because it incorrectly
separates the individual's licensing requirement from the brokerage's requirement.
Remember that every individual engaged in trading on behalf of a developer for
compensation must be properly registered.
Question 4 of 50
A salesperson is preparing promotional materials for a new residential listing and wants
to ensure compliance with the Real Estate Trading Act and Commission By-law
regarding advertising. The advertisement must include the:
. Salesperson's personal cell phone number and home address
A
B. Name of the registered brokerage with which the salesperson is affiliated ✓
CORRECT
C. Salesperson's license number and the expiration date of their license
, D. Commission rate being offered to cooperating brokerages in the MLS system
orrect Answer: B
C
Rationale: Under the Commission By-law, all advertising by a salesperson must clearly
identify the registered brokerage with which they are affiliated. Answer D is incorrect
because advertising the commission rate is not a regulatory requirement and is
generally governed by MLS rules rather than the Act. Always verify that any marketing
piece clearly displays the brokerage name to avoid compliance violations.
Question 5 of 50
A real estate brokerage is closing its doors permanently. The broker of record is
responsible for notifying the Nova Scotia Real Estate Commission and must ensure that
all client trust funds are:
. Transferred to the broker of record's personal account until all deals close
A
B. Returned to the Nova Scotia Real Estate Commission to hold in trust for the clients ✓
CORRECT
C. Immediately disbursed to the sellers as earnest money regardless of transaction
status
D. Transferred to another brokerage only if the clients provide written consent
orrect Answer: D
C
Rationale: Under the Real Estate Trading Act and Commission By-law, if a brokerage
ceases to operate, trust funds must be transferred to another brokerage, but only with
the written consent of the clients. Answer A is a critical error because commingling
trust funds with personal accounts is strictly prohibited. In practice, ensuring proper
client consent and immediate trust account transfers protects both the clients and the
broker's fiduciary duties.
N
Scotia Real Estate Commission Actual Exam
2026/2027 with Detailed Rationales | Complete
Exam-Style Questions | Pass Guaranteed – A+
Graded
═════════════════════════════════════
═
SECTION 1: REAL ESTATE TRADING ACT & COMMISSION BY‑LAW Q1 – Q10
══════════════════════════════════════
Question 1 of 50
During a casual conversation at a community BBQ, a neighbor offers to pay a newly
licensed salesperson a flat fee to help negotiate the purchase of a commercial property,
since the salesperson is not currently registered with a brokerage. The salesperson
agrees and assists in the negotiation. Under the Real Estate Trading Act, the
salesperson's action is:
. Permissible because the salesperson holds a valid license and is acting within its
A
scope
B. Acceptable provided the flat fee is declared as independent income on their tax
return
C. Lawful as long as the salesperson does not sign the agreement of purchase and sale
D. Prohibited because a salesperson may only trade in real estate when registered with
a brokerage ✓ CORRECT
Correct Answer: D
,Rationale: Under the Nova Scotia Real Estate Trading Act, a salesperson is only
authorized to trade in real estate when they are registered with and acting on behalf of a
licensed brokerage. The most tempting wrong answer is A, which incorrectly assumes
that holding a license in isolation permits independent trading. Always remember that a
salesperson's license is inherently tied to the supervising brokerage's registration.
Question 2 of 50
A brokerage receives a written complaint from a client alleging that a salesperson failed
to present an offer in a timely manner. The brokerage forwards the complaint to the
Nova Scotia Real Estate Commission. Under the Commission By-law, the Commission's
immediate next step is to:
. Suspend the salesperson's license pending a formal hearing before the Commission
A
B. Determine if the complaint alleges facts that, if true, would constitute professional
misconduct ✓ CORRECT
C. Require the brokerage to pay financial compensation to the client within 30 days
D. Publicly reprimand the salesperson on the NSREC online registry before investigating
orrect Answer: B
C
Rationale: Under the Commission By-law, the Commission must first screen the
complaint to determine if the alleged facts, if proven, would constitute a breach of the
Act, Regulations, or By-law. Answer A is incorrect because the Commission does not
have the authority to suspend a license without first conducting a formal inquiry or
hearing. On the exam, look for the procedural steps that respect due process before any
penalties are applied.
Question 3 of 50
,A developer wants to sell units in a newly proposed condominium building that has not
yet been constructed. The developer asks a salesperson what licensing requirements
apply to the sales team. Under the Real Estate Trading Act, the salesperson must advise
the developer that:
. No license is required for the sales team if the developer is selling the units directly
A
B. The sales team must be licensed under the Real Estate Trading Act unless a specific
exemption applies ✓ CORRECT
C. Only the brokerage requires a license, while individual salespeople are exempt for
new builds
D. The sales team only needs a license if the condominium building exceeds four units
orrect Answer: B
C
Rationale: The Real Estate Trading Act requires anyone trading in real estate on behalf
of another for a fee to be licensed, meaning the sales team must hold licenses unless a
specific statutory exemption applies. Answer C is a common trap because it incorrectly
separates the individual's licensing requirement from the brokerage's requirement.
Remember that every individual engaged in trading on behalf of a developer for
compensation must be properly registered.
Question 4 of 50
A salesperson is preparing promotional materials for a new residential listing and wants
to ensure compliance with the Real Estate Trading Act and Commission By-law
regarding advertising. The advertisement must include the:
. Salesperson's personal cell phone number and home address
A
B. Name of the registered brokerage with which the salesperson is affiliated ✓
CORRECT
C. Salesperson's license number and the expiration date of their license
, D. Commission rate being offered to cooperating brokerages in the MLS system
orrect Answer: B
C
Rationale: Under the Commission By-law, all advertising by a salesperson must clearly
identify the registered brokerage with which they are affiliated. Answer D is incorrect
because advertising the commission rate is not a regulatory requirement and is
generally governed by MLS rules rather than the Act. Always verify that any marketing
piece clearly displays the brokerage name to avoid compliance violations.
Question 5 of 50
A real estate brokerage is closing its doors permanently. The broker of record is
responsible for notifying the Nova Scotia Real Estate Commission and must ensure that
all client trust funds are:
. Transferred to the broker of record's personal account until all deals close
A
B. Returned to the Nova Scotia Real Estate Commission to hold in trust for the clients ✓
CORRECT
C. Immediately disbursed to the sellers as earnest money regardless of transaction
status
D. Transferred to another brokerage only if the clients provide written consent
orrect Answer: D
C
Rationale: Under the Real Estate Trading Act and Commission By-law, if a brokerage
ceases to operate, trust funds must be transferred to another brokerage, but only with
the written consent of the clients. Answer A is a critical error because commingling
trust funds with personal accounts is strictly prohibited. In practice, ensuring proper
client consent and immediate trust account transfers protects both the clients and the
broker's fiduciary duties.
