NBREA - NEW BRUNSWICK REAL ESTATE ASSOCIATION SALESPERSON
EXAM: VERIFIED QUESTIONS AND CORRECT ANSWERS | 2026/2027 | PASS
GUARANTEE
NBREA Real Estate
Q: What does NBREA stand for? ANSWER New Brunswick Real Estate
Association.
Q: What is the primary role of NBREA? ANSWER To serve and protect the
public interest by setting high standards for real estate professionals in
New Brunswick.
Q: Who regulates the real estate industry in New Brunswick? ANSWER
The New Brunswick Real Estate Commission (NBREC).
Q: What is the relationship between NBREA and NBREC? ANSWER
NBREA is the professional association; NBREC is the government-
mandated regulatory body.
Q: What provincial government department oversees NBREC? ANSWER
The Department of Justice and Public Safety.
Q: What is Service New Brunswick (SNB)? ANSWER The provincial
government agency responsible for land registration, property
assessments, and motor vehicle services.
Q: Which act governs the creation and operation of NBREC? ANSWER The
Real Estate Licensing Act.
Q: What is the primary legislation governing real estate contracts in NB?
ANSWER The Law of Property Act and common law.
,Q: What legislation governs consumer protection in NB real estate?
ANSWER The Consumer Reporting Act and general contract law.
Q: Do real estate agents in NB act under common law or civil law?
ANSWER Common law (NB is a common law province, unlike Quebec).
Q: What is the purpose of the provincial real estate licensing exam in NB?
ANSWER To ensure applicants possess the minimum required knowledge
to practice safely and ethically.
Q: How often must a NB real estate agent renew their license? ANSWER
Annually.
Q: What is a "real estate broker" in New Brunswick? ANSWER An
individual licensed to operate a real estate brokerage and oversee agents.
Q: What is a "real estate agent" (formerly salesperson) in NB? ANSWER
An individual licensed to trade in real estate under the supervision of a
broker.
Q: Can an agent in NB operate independently without a brokerage?
ANSWER No, all agents must be registered with a licensed brokerage.
Q: What is the difference between a trade and a trade of real estate?
ANSWER A trade refers to the act of buying, selling, or exchanging; a trade
of real estate specifically means dealing in real property.
Q: What organization provides the standard pre-licensing education in
NB? ANSWER NBREA (often through approved delivery partners like the
Atlantic Real Estate Institute - AREI).
Q: What is the Continuing Education (CE) requirement for NB agents?
ANSWER Agents must complete a mandated number of CE credits (usually
30 hours) per licensing cycle.
Q: Does NB have a real estate error and omissions insurance
requirement? ANSWER Yes, all licensees must be covered by an E&O
insurance policy as mandated by NBREC.
Q: What is the official land registry system used in New Brunswick?
ANSWER The Land Titles Information System (LTIS), managed by Service
New Brunswick.
Q: What is the role of the Surveyor General of New Brunswick? ANSWER
Responsible for the management and maintenance of the provincial land
survey system and Crown lands.
, Q: How is the New Brunswick real estate market generally categorized?
ANSWER Into residential, commercial, industrial, and investment
properties.
Q: What does the phrase "caveat emptor" mean in NB real estate?
ANSWER "Let the buyer beware"; historically the rule, but heavily
modified by disclosure laws and agent duties today.
Q: What is the NBREC Discipline Committee? ANSWER A committee that
hears complaints and allegations of misconduct against licensees.
Q: What is the NBREC Licensing Committee? ANSWER A committee that
reviews applications for new licenses and license renewals.
Q: Are property management activities considered a "trade in real estate"
in NB? ANSWER Yes, if it involves negotiating or arranging the rental of
real estate for others.
Q: What is the Atlantic Provinces Real Estate Association (APREA)?
ANSWER A historical/regional coalition (largely superseded by provincial
associations like NBREA) that used to coordinate Atlantic real estate
standards.
Q: Does NBREA belong to the Canadian Real Estate Association (CREA)?
ANSWER Yes, NBREA is a provincial association member of CREA.
Q: What is the primary benefit of CREA membership for an NB agent?
ANSWER Access to the MLS® (Multiple Listing Service®) systems and
trademarks.
Q: Where can a consumer find public records of disciplinary actions
against NB agents? ANSWER On the NBREC (New Brunswick Real Estate
Commission) website.
The Real Estate Licensing Act (RELA) of NB (31-60)
Q: What is the Real Estate Licensing Act (RELA)? ANSWER The provincial
statute that regulates the licensing and conduct of real estate brokers and
agents in New Brunswick.
Q: Who is required to hold a license under the RELA? ANSWER Anyone
who, for another, trades in real estate or negotiates trades for a
commission or compensation.
Q: Are lawyers exempt from the RELA? ANSWER Yes, lawyers acting in
their professional capacity are generally exempt.
EXAM: VERIFIED QUESTIONS AND CORRECT ANSWERS | 2026/2027 | PASS
GUARANTEE
NBREA Real Estate
Q: What does NBREA stand for? ANSWER New Brunswick Real Estate
Association.
Q: What is the primary role of NBREA? ANSWER To serve and protect the
public interest by setting high standards for real estate professionals in
New Brunswick.
Q: Who regulates the real estate industry in New Brunswick? ANSWER
The New Brunswick Real Estate Commission (NBREC).
Q: What is the relationship between NBREA and NBREC? ANSWER
NBREA is the professional association; NBREC is the government-
mandated regulatory body.
Q: What provincial government department oversees NBREC? ANSWER
The Department of Justice and Public Safety.
Q: What is Service New Brunswick (SNB)? ANSWER The provincial
government agency responsible for land registration, property
assessments, and motor vehicle services.
Q: Which act governs the creation and operation of NBREC? ANSWER The
Real Estate Licensing Act.
Q: What is the primary legislation governing real estate contracts in NB?
ANSWER The Law of Property Act and common law.
,Q: What legislation governs consumer protection in NB real estate?
ANSWER The Consumer Reporting Act and general contract law.
Q: Do real estate agents in NB act under common law or civil law?
ANSWER Common law (NB is a common law province, unlike Quebec).
Q: What is the purpose of the provincial real estate licensing exam in NB?
ANSWER To ensure applicants possess the minimum required knowledge
to practice safely and ethically.
Q: How often must a NB real estate agent renew their license? ANSWER
Annually.
Q: What is a "real estate broker" in New Brunswick? ANSWER An
individual licensed to operate a real estate brokerage and oversee agents.
Q: What is a "real estate agent" (formerly salesperson) in NB? ANSWER
An individual licensed to trade in real estate under the supervision of a
broker.
Q: Can an agent in NB operate independently without a brokerage?
ANSWER No, all agents must be registered with a licensed brokerage.
Q: What is the difference between a trade and a trade of real estate?
ANSWER A trade refers to the act of buying, selling, or exchanging; a trade
of real estate specifically means dealing in real property.
Q: What organization provides the standard pre-licensing education in
NB? ANSWER NBREA (often through approved delivery partners like the
Atlantic Real Estate Institute - AREI).
Q: What is the Continuing Education (CE) requirement for NB agents?
ANSWER Agents must complete a mandated number of CE credits (usually
30 hours) per licensing cycle.
Q: Does NB have a real estate error and omissions insurance
requirement? ANSWER Yes, all licensees must be covered by an E&O
insurance policy as mandated by NBREC.
Q: What is the official land registry system used in New Brunswick?
ANSWER The Land Titles Information System (LTIS), managed by Service
New Brunswick.
Q: What is the role of the Surveyor General of New Brunswick? ANSWER
Responsible for the management and maintenance of the provincial land
survey system and Crown lands.
, Q: How is the New Brunswick real estate market generally categorized?
ANSWER Into residential, commercial, industrial, and investment
properties.
Q: What does the phrase "caveat emptor" mean in NB real estate?
ANSWER "Let the buyer beware"; historically the rule, but heavily
modified by disclosure laws and agent duties today.
Q: What is the NBREC Discipline Committee? ANSWER A committee that
hears complaints and allegations of misconduct against licensees.
Q: What is the NBREC Licensing Committee? ANSWER A committee that
reviews applications for new licenses and license renewals.
Q: Are property management activities considered a "trade in real estate"
in NB? ANSWER Yes, if it involves negotiating or arranging the rental of
real estate for others.
Q: What is the Atlantic Provinces Real Estate Association (APREA)?
ANSWER A historical/regional coalition (largely superseded by provincial
associations like NBREA) that used to coordinate Atlantic real estate
standards.
Q: Does NBREA belong to the Canadian Real Estate Association (CREA)?
ANSWER Yes, NBREA is a provincial association member of CREA.
Q: What is the primary benefit of CREA membership for an NB agent?
ANSWER Access to the MLS® (Multiple Listing Service®) systems and
trademarks.
Q: Where can a consumer find public records of disciplinary actions
against NB agents? ANSWER On the NBREC (New Brunswick Real Estate
Commission) website.
The Real Estate Licensing Act (RELA) of NB (31-60)
Q: What is the Real Estate Licensing Act (RELA)? ANSWER The provincial
statute that regulates the licensing and conduct of real estate brokers and
agents in New Brunswick.
Q: Who is required to hold a license under the RELA? ANSWER Anyone
who, for another, trades in real estate or negotiates trades for a
commission or compensation.
Q: Are lawyers exempt from the RELA? ANSWER Yes, lawyers acting in
their professional capacity are generally exempt.
