NSAR SALESPERSON LICENSING EXAM – ACTUAL TEST
BANK | NOVA SCOTIA ASSOCIATION OF REALTORS® (NSAR)
/ NOVA SCOTIA REAL ESTATE COMMISSION (NSREC)
NEWEST 2026/2027 ACTUAL EXAM COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
WITH RATIONALES | ALREADY GRADED A+ | BRAND NEW
VERSION!!
SECTION 1: LICENSING, REGULATION, AND THE NOVA
SCOTIA REAL ESTATE COMMISSION (NSREC) (Questions 1–
40)
1. Which organization is the regulatory body responsible for
licensing real estate professionals in Nova Scotia?
A. The Nova Scotia Association of REALTORS® (NSAR)
B. The Nova Scotia Real Estate Commission (NSREC)
C. The Canadian Real Estate Association (CREA)
D. The Department of Municipal Affairs and Housing
Correct Answer: B
Rationale: The Nova Scotia Real Estate Commission (NSREC) is the
statutory regulator responsible for licensing all real estate persons and
brokerages in the province. NSAR is the professional association that
provides education and services.
2. Under NSREC regulations, what is the minimum age requirement
to apply for a salesperson license?
,A. 16 years old
B. 18 years old
C. 19 years old
D. 21 years old
Correct Answer: C
Rationale: Applicants must be a minimum of 19 years of age to be
eligible for a real estate salesperson license in Nova Scotia. This is a
primary eligibility requirement set by the Commission.
3. What is the minimum passing score required on the NSREC
salesperson licensing exam?
A. 60%
B. 65%
C. 70%
D. 70.4%
Correct Answer: D
Rationale: The NSREC stipulates a specific passing grade for the
Salesperson Licensing Course exam of 70.4%, which equates to a raw
score of 33/47 on the exam.
4. After successfully passing the salesperson licensing exam, how
long does a candidate have to apply for their license?
A. 90 days
B. 120 days
C. 180 days
D. 365 days
,Correct Answer: C
Rationale: Students who successfully pass the exam must apply for their
respective licence within 180 days (6 months) of the exam date. This is a
strict requirement by the Commission.
5. Which of the following documents is NOT a standard requirement
for a first-time licensing application in Nova Scotia?
A. A criminal record check issued within the last 6 months.
B. Proof of high school completion or approved equivalent.
C. A signed contract of employment from a brokerage.
D. A birth certificate or Canadian passport.
Correct Answer: C
Rationale: While you must have a broker who agrees to hire you, the
application itself requires a completed application form signed by the
broker or managing associate broker of the brokerage. A standard
employment contract is not a primary application document.
6. What is the mandatory insurance that all licensees must carry to
trade in real estate in Nova Scotia?
A. General Liability Insurance
B. Commercial Property Insurance
C. Errors and Omissions (E&O) Insurance
D. Professional Indemnity Insurance
Correct Answer: C
Rationale: Errors and Omissions (E&O) insurance is mandatory for all
licensees in Nova Scotia. It must be purchased through the NSAR. You
, must provide proof of this insurance before the restriction is removed
from your temporary license.
7. What is the primary function of the Nova Scotia Real Estate
Commission?
A. To advocate for real estate professionals.
B. To protect the public interest by regulating the real estate industry.
C. To provide sales training and continuing education.
D. To set the commission rates for real estate transactions.
Correct Answer: B
Rationale: As the regulator, the primary function of the NSREC is to
protect the public interest. They do this by licensing professionals,
enforcing rules and standards, and investigating complaints.
8. A salesperson moves to a new brokerage. Who must sign the new
license application?
A. The salesperson themselves.
B. The new broker of the brokerage where they will be licensed.
C. The Chairperson of NSREC.
D. The President of NSAR.
Correct Answer: B
Rationale: Any license application, including changes of brokerage,
must be signed by the broker or managing associate broker of the
brokerage where the salesperson will be licensed.
BANK | NOVA SCOTIA ASSOCIATION OF REALTORS® (NSAR)
/ NOVA SCOTIA REAL ESTATE COMMISSION (NSREC)
NEWEST 2026/2027 ACTUAL EXAM COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
WITH RATIONALES | ALREADY GRADED A+ | BRAND NEW
VERSION!!
SECTION 1: LICENSING, REGULATION, AND THE NOVA
SCOTIA REAL ESTATE COMMISSION (NSREC) (Questions 1–
40)
1. Which organization is the regulatory body responsible for
licensing real estate professionals in Nova Scotia?
A. The Nova Scotia Association of REALTORS® (NSAR)
B. The Nova Scotia Real Estate Commission (NSREC)
C. The Canadian Real Estate Association (CREA)
D. The Department of Municipal Affairs and Housing
Correct Answer: B
Rationale: The Nova Scotia Real Estate Commission (NSREC) is the
statutory regulator responsible for licensing all real estate persons and
brokerages in the province. NSAR is the professional association that
provides education and services.
2. Under NSREC regulations, what is the minimum age requirement
to apply for a salesperson license?
,A. 16 years old
B. 18 years old
C. 19 years old
D. 21 years old
Correct Answer: C
Rationale: Applicants must be a minimum of 19 years of age to be
eligible for a real estate salesperson license in Nova Scotia. This is a
primary eligibility requirement set by the Commission.
3. What is the minimum passing score required on the NSREC
salesperson licensing exam?
A. 60%
B. 65%
C. 70%
D. 70.4%
Correct Answer: D
Rationale: The NSREC stipulates a specific passing grade for the
Salesperson Licensing Course exam of 70.4%, which equates to a raw
score of 33/47 on the exam.
4. After successfully passing the salesperson licensing exam, how
long does a candidate have to apply for their license?
A. 90 days
B. 120 days
C. 180 days
D. 365 days
,Correct Answer: C
Rationale: Students who successfully pass the exam must apply for their
respective licence within 180 days (6 months) of the exam date. This is a
strict requirement by the Commission.
5. Which of the following documents is NOT a standard requirement
for a first-time licensing application in Nova Scotia?
A. A criminal record check issued within the last 6 months.
B. Proof of high school completion or approved equivalent.
C. A signed contract of employment from a brokerage.
D. A birth certificate or Canadian passport.
Correct Answer: C
Rationale: While you must have a broker who agrees to hire you, the
application itself requires a completed application form signed by the
broker or managing associate broker of the brokerage. A standard
employment contract is not a primary application document.
6. What is the mandatory insurance that all licensees must carry to
trade in real estate in Nova Scotia?
A. General Liability Insurance
B. Commercial Property Insurance
C. Errors and Omissions (E&O) Insurance
D. Professional Indemnity Insurance
Correct Answer: C
Rationale: Errors and Omissions (E&O) insurance is mandatory for all
licensees in Nova Scotia. It must be purchased through the NSAR. You
, must provide proof of this insurance before the restriction is removed
from your temporary license.
7. What is the primary function of the Nova Scotia Real Estate
Commission?
A. To advocate for real estate professionals.
B. To protect the public interest by regulating the real estate industry.
C. To provide sales training and continuing education.
D. To set the commission rates for real estate transactions.
Correct Answer: B
Rationale: As the regulator, the primary function of the NSREC is to
protect the public interest. They do this by licensing professionals,
enforcing rules and standards, and investigating complaints.
8. A salesperson moves to a new brokerage. Who must sign the new
license application?
A. The salesperson themselves.
B. The new broker of the brokerage where they will be licensed.
C. The Chairperson of NSREC.
D. The President of NSAR.
Correct Answer: B
Rationale: Any license application, including changes of brokerage,
must be signed by the broker or managing associate broker of the
brokerage where the salesperson will be licensed.
