NSAR SALESPERSON LICENSING EXAM - 200 PRACTICE
QUESTIONS NOVA SCOTIA REAL ESTATE COMMISSION
(NSREC) / NSAR - 2026/2027 ACADEMIC YEAR
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SECTION 1: REAL ESTATE LAW & REGULATORY FRAMEWORK (Questions 1-40)
Question 1
Which legislative body in Nova Scotia is responsible for regulating real estate professionals and
issuing licenses?
A) Nova Scotia Association of REALTORS® (NSAR)
B) Nova Scotia Real Estate Commission (NSREC)
C) Nova Scotia Department of Municipal Affairs
D) Real Estate Council of Nova Scotia
Correct Answer: B
Rationale: NSREC is the independent, non-government agency responsible for the regulation of
real estate in Nova Scotia. It issues licenses, enforces the Real Estate Trading Act, and
disciplines professionals who violate regulations .
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Question 2
What is the primary role of NSAR in the real estate profession?
,A) Marketing homes for agents and selling property directly
B) Enforcing criminal real estate law and prosecuting offenders
C) Providing education, advocacy, and ethical guidance for REALTORS®
D) Setting property tax rates across Nova Scotia
Correct Answer: C
Rationale: NSAR supports its members with training, representation, and ethical guidance. It is
committed to promoting higher industry standards and assuring the public of high professional
standards .
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Question 3
Which of the following is NOT a required component in a valid real estate contract?
A) Mutual agreement (offer and acceptance)
B) Property address or legal description
C) Appraisal value
D) Consideration (something of value exchanged)
Correct Answer: C
Rationale: A valid real estate contract must include mutual consent, legal purpose, property
identification, and consideration—but appraisal value is NOT a required element for contract
validity .
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,Question 4
How many Commissioners comprise the NSREC regulatory body?
A) 7 members: 3 public, 3 NSAR, 1 commercial
B) 11 members: 3 public, 3 NSAR, 3 NSREC, 1 commercial, 1 Registrar
C) 9 members: 4 public, 4 NSAR, 1 Registrar
D) 5 members: all appointed by the provincial government
Correct Answer: B
Rationale: The NSREC consists of 11 members: 3 public appointments selected by the
provincial government, 3 NSAR members appointed by NSAR, 3 NSREC members appointed
by NSREC, 1 commercial appointment, and 1 Registrar appointed by the Commission in a non-
voting capacity .
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Question 5
What does "trading" in real estate mean under the Real Estate Trading Act?
A) Only the sale of residential properties
B) Disposition or acquisition of or transaction in real estate by sale, purchase, agreement of
sale, exchange, option, lease, rental, or otherwise
C) Only commercial property transactions
D) Any transaction involving a mortgage lender
Correct Answer: B
, Rationale: Trading is broadly defined as a disposition or acquisition of or transaction in real
estate by sale, purchase, agreement of sale, exchange, option, lease, rental or otherwise .
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Question 6
Which type of license is issued to a person authorized to operate a brokerage and trade in real
estate on behalf of the brokerage?
A) Brokerage License
B) Broker License
C) Associate Broker License
D) Salesperson License
Correct Answer: B
Rationale: A Broker License is issued by NSREC to a person authorized to operate a brokerage
and trade in real estate on behalf of the brokerage. A Brokerage License is issued to the
organization itself .
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Question 7
The Real Estate Trading Act in Nova Scotia:
A) Is optional for real estate professionals to follow
B) Sets out rules, licensing, and discipline procedures for professionals in Nova Scotia
QUESTIONS NOVA SCOTIA REAL ESTATE COMMISSION
(NSREC) / NSAR - 2026/2027 ACADEMIC YEAR
---
SECTION 1: REAL ESTATE LAW & REGULATORY FRAMEWORK (Questions 1-40)
Question 1
Which legislative body in Nova Scotia is responsible for regulating real estate professionals and
issuing licenses?
A) Nova Scotia Association of REALTORS® (NSAR)
B) Nova Scotia Real Estate Commission (NSREC)
C) Nova Scotia Department of Municipal Affairs
D) Real Estate Council of Nova Scotia
Correct Answer: B
Rationale: NSREC is the independent, non-government agency responsible for the regulation of
real estate in Nova Scotia. It issues licenses, enforces the Real Estate Trading Act, and
disciplines professionals who violate regulations .
---
Question 2
What is the primary role of NSAR in the real estate profession?
,A) Marketing homes for agents and selling property directly
B) Enforcing criminal real estate law and prosecuting offenders
C) Providing education, advocacy, and ethical guidance for REALTORS®
D) Setting property tax rates across Nova Scotia
Correct Answer: C
Rationale: NSAR supports its members with training, representation, and ethical guidance. It is
committed to promoting higher industry standards and assuring the public of high professional
standards .
---
Question 3
Which of the following is NOT a required component in a valid real estate contract?
A) Mutual agreement (offer and acceptance)
B) Property address or legal description
C) Appraisal value
D) Consideration (something of value exchanged)
Correct Answer: C
Rationale: A valid real estate contract must include mutual consent, legal purpose, property
identification, and consideration—but appraisal value is NOT a required element for contract
validity .
---
,Question 4
How many Commissioners comprise the NSREC regulatory body?
A) 7 members: 3 public, 3 NSAR, 1 commercial
B) 11 members: 3 public, 3 NSAR, 3 NSREC, 1 commercial, 1 Registrar
C) 9 members: 4 public, 4 NSAR, 1 Registrar
D) 5 members: all appointed by the provincial government
Correct Answer: B
Rationale: The NSREC consists of 11 members: 3 public appointments selected by the
provincial government, 3 NSAR members appointed by NSAR, 3 NSREC members appointed
by NSREC, 1 commercial appointment, and 1 Registrar appointed by the Commission in a non-
voting capacity .
---
Question 5
What does "trading" in real estate mean under the Real Estate Trading Act?
A) Only the sale of residential properties
B) Disposition or acquisition of or transaction in real estate by sale, purchase, agreement of
sale, exchange, option, lease, rental, or otherwise
C) Only commercial property transactions
D) Any transaction involving a mortgage lender
Correct Answer: B
, Rationale: Trading is broadly defined as a disposition or acquisition of or transaction in real
estate by sale, purchase, agreement of sale, exchange, option, lease, rental or otherwise .
---
Question 6
Which type of license is issued to a person authorized to operate a brokerage and trade in real
estate on behalf of the brokerage?
A) Brokerage License
B) Broker License
C) Associate Broker License
D) Salesperson License
Correct Answer: B
Rationale: A Broker License is issued by NSREC to a person authorized to operate a brokerage
and trade in real estate on behalf of the brokerage. A Brokerage License is issued to the
organization itself .
---
Question 7
The Real Estate Trading Act in Nova Scotia:
A) Is optional for real estate professionals to follow
B) Sets out rules, licensing, and discipline procedures for professionals in Nova Scotia
