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Nova Scotia Association of REALTORS® (NSAR) Salesperson Licensing Exam Prep 2026/2027 | Complete Practice Questions & Answer Explanations | Real Estate Licensing Study Guide

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Nova Scotia Association of REALTORS® (NSAR) Salesperson Licensing Exam Prep 2026/2027 | Complete Practice Questions & Answer Explanations | Real Estate Licensing Study Guide

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Nova Scotia Association of REALTORS® (NSAR)
Salesperson Licensing Exam Prep 2026/2027 |
Complete Practice Questions & Answer
Explanations | Real Estate Licensing Study Guide



The Three-way Relationship
the 3 tiers of the professional trade organization for real estate in Canada. It includes the
Canadian Real Estate Association (CREA), Provincial/Territorial associations, and real estate
boards (localized)




Nova Scotia Association of Realtors

a voluntary provincial organization that represents organized real estate in Nova Scotia. It is a
combined service of the provincial association and local boards within one structure.




The NSAR provides these services

MLS, Lockbox systems, Webforms, advocacy at 3 levels of government, arbitration services,
education




The NSAR is divided into this many regions

Seven




The Canadian Real Estate Association

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the association responsible for National Activities, International Activities and trademarks (MLS
and Realtor.)




NSREC

an independent non-government agency that is responsible for the regulation of the Real Estate
Industry in Nova Scotia




Real Estate Trading Act (RETA)

created in 1997, this act established the NSREC as a corporate body and transfers responsibility
from the provincial government to the NSREC, giving the commission the power to create and
enforce it's by-laws to protect the public by establishing standards.




3 Standing committees for the NSREC

Discipline Committee, Licensing Committee, and the Complaint review committee




The complaint Review Committee

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.




The Licensing Committee
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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