1
NSAR SALESPERSON LICENSING EXAM 2026/2027
| NOVA SCOTIA | 100 VERIFIED Q&A | DETAILED
RATIONALES | PASS GUARANTEED – A+ GRADED
SECTION 1: NOVA SCOTIA REAL ESTATE REGULATION AND LICENSING - Questions 1-10
Q1: Regulatory Body
The student is reviewing Nova Scotia real estate regulation. Which body is responsible for licensing
and regulating real estate salespersons in Nova Scotia?
A. Nova Scotia Real Estate Commission (NSREC)
B. Nova Scotia Association of Realtors (NSAR)
C. Service Nova Scotia
D. Canada Mortgage and Housing Corporation (CMHC)
Correct Answer: A
Rationale: The Nova Scotia Real Estate Commission (NSREC) is the independent regulatory body that
licenses and regulates real estate professionals in Nova Scotia under the Real Estate Services Act.
[100% CORRECT]
Q2: Real Estate Services Act
The student is reviewing legislation. What is the primary legislation governing real estate services in
Nova Scotia?
A. Real Estate Services Act
B. Real Estate and Business Brokers Act
C. Land Registration Act
D. Municipal Government Act
Correct Answer: A
Rationale: The Real Estate Services Act and its regulations govern the licensing, conduct, and
discipline of real estate professionals in Nova Scotia. [100% CORRECT]
Q3: Licensing Requirements
The student is reviewing licensing. What is a requirement to obtain a salesperson licence in Nova
Scotia?
A. Completion of an approved pre-licensing course
B. A university degree
C. Five years of sales experience
D. A real estate appraisal designation
,2
Correct Answer: A
Rationale: Applicants must complete an approved pre-licensing education program, pass the
licensing exam, and be employed by a licensed brokerage. [100% CORRECT]
Q4: Employment Requirement
The student is reviewing licensing. A salesperson licence in Nova Scotia must be held by:
A. The brokerage on behalf of the salesperson
B. The salesperson personally
C. The Nova Scotia Association of Realtors
D. Service Nova Scotia
Correct Answer: A
Rationale: Salespersons must be licensed through a brokerage. The brokerage holds the licence and
supervises the salesperson's activities. [100% CORRECT]
Q5: Licence Renewal
The student is reviewing licensing. How often must a real estate salesperson licence be renewed in
Nova Scotia?
A. Annually
B. Every two years
C. Every three years
D. Every five years
Correct Answer: A
Rationale: Real estate licences in Nova Scotia must be renewed annually, with continuing education
requirements. [100% CORRECT]
Q6: Continuing Education
The student is reviewing licensing. What is a continuing education requirement for licence renewal
in Nova Scotia?
A. Completion of approved continuing education courses
B. A minimum number of property sales
C. A letter from the brokerage
D. A criminal record check only
Correct Answer: A
Rationale: The NSREC requires licensees to complete approved continuing education courses each
year to maintain their licence. [100% CORRECT]
Q7: Errors and Omissions Insurance
The student is reviewing insurance. What type of insurance must a brokerage carry in Nova Scotia?
A. Errors and Omissions (E&O) insurance
, 3
B. Life insurance
C. Health insurance
D. Auto insurance
Correct Answer: A
Rationale: Brokerages must maintain E&O insurance to protect against claims of negligence or errors
in real estate services. [100% CORRECT]
Q8: Trust Accounts
The student is reviewing trust funds. Where must a brokerage deposit trust funds?
A. In a designated trust account at a financial institution
B. In the brokerage's general operating account
C. In the salesperson's personal account
D. With the NSREC
Correct Answer: A
Rationale: Trust funds (e.g., deposits) must be held in a separate trust account and not commingled
with the brokerage's operating funds. [100% CORRECT]
Q9: Record Keeping
The student is reviewing records. How long must a brokerage retain real estate records in Nova
Scotia?
A. 5 years
B. 2 years
C. 10 years
D. Indefinitely
Correct Answer: A
Rationale: The Real Estate Services Act requires brokerages to retain records for at least 5 years.
[100% CORRECT]
Q10: Discipline
The student is reviewing enforcement. What can the NSREC do if a licensee violates the Real Estate
Services Act?
A. Suspend or revoke the licence, impose fines, or require education
B. Only issue a warning
C. Do nothing
D. Refer to police only
Correct Answer: A
Rationale: The NSREC has the authority to discipline licensees, including suspension, revocation,
fines, and mandatory education. [100% CORRECT]
NSAR SALESPERSON LICENSING EXAM 2026/2027
| NOVA SCOTIA | 100 VERIFIED Q&A | DETAILED
RATIONALES | PASS GUARANTEED – A+ GRADED
SECTION 1: NOVA SCOTIA REAL ESTATE REGULATION AND LICENSING - Questions 1-10
Q1: Regulatory Body
The student is reviewing Nova Scotia real estate regulation. Which body is responsible for licensing
and regulating real estate salespersons in Nova Scotia?
A. Nova Scotia Real Estate Commission (NSREC)
B. Nova Scotia Association of Realtors (NSAR)
C. Service Nova Scotia
D. Canada Mortgage and Housing Corporation (CMHC)
Correct Answer: A
Rationale: The Nova Scotia Real Estate Commission (NSREC) is the independent regulatory body that
licenses and regulates real estate professionals in Nova Scotia under the Real Estate Services Act.
[100% CORRECT]
Q2: Real Estate Services Act
The student is reviewing legislation. What is the primary legislation governing real estate services in
Nova Scotia?
A. Real Estate Services Act
B. Real Estate and Business Brokers Act
C. Land Registration Act
D. Municipal Government Act
Correct Answer: A
Rationale: The Real Estate Services Act and its regulations govern the licensing, conduct, and
discipline of real estate professionals in Nova Scotia. [100% CORRECT]
Q3: Licensing Requirements
The student is reviewing licensing. What is a requirement to obtain a salesperson licence in Nova
Scotia?
A. Completion of an approved pre-licensing course
B. A university degree
C. Five years of sales experience
D. A real estate appraisal designation
,2
Correct Answer: A
Rationale: Applicants must complete an approved pre-licensing education program, pass the
licensing exam, and be employed by a licensed brokerage. [100% CORRECT]
Q4: Employment Requirement
The student is reviewing licensing. A salesperson licence in Nova Scotia must be held by:
A. The brokerage on behalf of the salesperson
B. The salesperson personally
C. The Nova Scotia Association of Realtors
D. Service Nova Scotia
Correct Answer: A
Rationale: Salespersons must be licensed through a brokerage. The brokerage holds the licence and
supervises the salesperson's activities. [100% CORRECT]
Q5: Licence Renewal
The student is reviewing licensing. How often must a real estate salesperson licence be renewed in
Nova Scotia?
A. Annually
B. Every two years
C. Every three years
D. Every five years
Correct Answer: A
Rationale: Real estate licences in Nova Scotia must be renewed annually, with continuing education
requirements. [100% CORRECT]
Q6: Continuing Education
The student is reviewing licensing. What is a continuing education requirement for licence renewal
in Nova Scotia?
A. Completion of approved continuing education courses
B. A minimum number of property sales
C. A letter from the brokerage
D. A criminal record check only
Correct Answer: A
Rationale: The NSREC requires licensees to complete approved continuing education courses each
year to maintain their licence. [100% CORRECT]
Q7: Errors and Omissions Insurance
The student is reviewing insurance. What type of insurance must a brokerage carry in Nova Scotia?
A. Errors and Omissions (E&O) insurance
, 3
B. Life insurance
C. Health insurance
D. Auto insurance
Correct Answer: A
Rationale: Brokerages must maintain E&O insurance to protect against claims of negligence or errors
in real estate services. [100% CORRECT]
Q8: Trust Accounts
The student is reviewing trust funds. Where must a brokerage deposit trust funds?
A. In a designated trust account at a financial institution
B. In the brokerage's general operating account
C. In the salesperson's personal account
D. With the NSREC
Correct Answer: A
Rationale: Trust funds (e.g., deposits) must be held in a separate trust account and not commingled
with the brokerage's operating funds. [100% CORRECT]
Q9: Record Keeping
The student is reviewing records. How long must a brokerage retain real estate records in Nova
Scotia?
A. 5 years
B. 2 years
C. 10 years
D. Indefinitely
Correct Answer: A
Rationale: The Real Estate Services Act requires brokerages to retain records for at least 5 years.
[100% CORRECT]
Q10: Discipline
The student is reviewing enforcement. What can the NSREC do if a licensee violates the Real Estate
Services Act?
A. Suspend or revoke the licence, impose fines, or require education
B. Only issue a warning
C. Do nothing
D. Refer to police only
Correct Answer: A
Rationale: The NSREC has the authority to discipline licensees, including suspension, revocation,
fines, and mandatory education. [100% CORRECT]
