NSAR Salesperson Licensing Actual Exam – Nova Scotia Association of REALTORS® (NSAR) / Nova Scotia Real Estate Commission – 2026/2027 Academic Year – Verified Questions and Answers for Professional Real Estate Licensing Candidates

NSAR Salesperson Licensing Actual Exam – Nova Scotia Association of REALTORS® (NSAR) / Nova Scotia Real Estate Commission – 2026/2027 Academic Year – Verified Questions and Answers for Professional Real Estate Licensing Candidates Question 1. What is the highest and most complete form of ownership interest in land recognized under Nova Scotia property law? A. Life estate B. Fee simple absolute C. Leasehold estate D. Easement Correct Answer: B Question 2. Which form of co-ownership includes the right of survivorship, so that a deceased co-owner’s interest automatically passes to the remaining co-owners? A. Tenancy in common B. Joint tenancy C. Tenancy by the entirety only D. Community property Correct Answer: B Question 3. In a tenancy in common, how are the ownership interests of the co-owners characterized? A. They must be equal and undivided with right of survivorship B. They may be unequal and each owner may freely transfer or will their share C. They cannot be sold without unanimous consent D. They automatically convert to joint tenancy after five years Correct Answer: B Question 4. What is the primary distinction between a freehold estate and a leasehold estate? A. Freehold estates are always for a fixed term B. A freehold estate is of indefinite duration while a leasehold is for a fixed or determinable period C. Leasehold estates convey fee simple title D. There is no legal distinction in Nova Scotia Correct Answer: B Question 5. An easement appurtenant benefits which party? A. The dominant tenement B. The servient tenement only C. The general public D. The municipality exclusively Correct Answer: A Question 6. What type of interest is created when a property owner grants another person the right to use a defined portion of land for a specific purpose without transferring ownership? A. Fee simple B. Easement C. Mortgage D. Life estate Correct Answer: B Question 7. Under the doctrine of fixtures, which factor is most influential in determining whether an item has become part of the real property? A. The monetary value of the item alone B. The degree of annexation, adaptation to the property, and intention of the parties C. Whether the item was purchased after the last sale D. The colour of the item Correct Answer: B Question 8. What is a life estate? A. An estate that lasts forever and can be inherited indefinitely B. An estate measured by the life of a specified person, after which the property reverts or passes to a remainderman C. A periodic tenancy renewable yearly D. A lease for 99 years Correct Answer: B Question 9. Which of the following is an example of an encumbrance on title? A. A clear fee simple title with no claims B. A registered mortgage or a restrictive covenant C. An unrecorded oral agreement that has expired D. A survey plan alone Correct Answer: B Question 10. What does the term ‘severance’ refer to in the context of joint tenancy? A. The physical division of a building B. The act that converts a joint tenancy into a tenancy in common, destroying the right of survivorship C. The registration of a new plan of subdivision D. The cancellation of a lease Correct Answer: B Question 11. In Nova Scotia, what is the effect of a property owner dying intestate with respect to real property? A. The property automatically escheats to the Crown B. The property is distributed according to the Intestate Succession Act among the heirs C. The property remains frozen indefinitely D. Only the spouse inherits all real property regardless of other relatives Correct Answer: B Question 12. What is the purpose of a restrictive covenant registered against a property? A. To increase the property tax assessment B. To limit the use or development of the land for the benefit of other land or a defined scheme C. To grant unlimited development rights D. To transfer ownership to the municipality Correct Answer: B Question 13. Which interest in land is considered personal property rather than real property? A. Fee simple B. A leasehold interest for a term of years C. An easement appurtenant D. A life estate Correct Answer: B Question 14. What is the legal effect of adverse possession under Nova Scotia law when the statutory requirements are met? A. It creates an immediate fee simple title without court involvement B. It may extinguish the paper title holder’s right to recover possession after the limitation period has run C. It has no effect on registered land under the Land Registration Act D. It only applies to Crown land Correct Answer: B Question 15. In a condominium regime, what does a unit owner primarily own? A. The entire building structure in fee simple B. The airspace of the unit together with an undivided interest in the common elements C. Only a long-term lease of the unit D. Sole ownership of all exterior walls and the roof Correct Answer: B Question 16. What is the primary function of a survey plan in a real estate transaction? A. To establish the market value of the property B. To show the legal boundaries, dimensions, and location of improvements on the property C. To determine the zoning classification D. To assess the property for tax purposes Correct Answer: B