NSAR Exam Preparation Questions with Correct
Answers
The Three-way Relationship Correct Answer-the 3 tiers of the
professional trade organization for real estate in Canada. It includes the
Canadian Real Estate Association (CREA), Provincial/Territorial
associations, and real estate boards (localized)
Nova Scotia Association of Realtors Correct Answer-a voluntary
provincial organization that represents organized real estate in Nova
Scotia. It is a combined service of the provincial association and local
boards within one structure.
The NSAR provides these services Correct Answer-MLS, Lockbox
systems, Webforms, advocacy at 3 levels of government, arbitration
services, education
The NSAR is divided into this many regions Correct Answer-Seven
The Canadian Real Estate Association Correct Answer-the association
responsible for National Activities, International Activities and
trademarks (MLS and Realtor.)
NSREC Correct Answer-an independent non-government agency that is
responsible for the regulation of the Real Estate Industry in Nova Scotia
, Real Estate Trading Act (RETA) Correct Answer-created in 1997, this
act established the NSREC as a corporate body and transfers
responsibility from the provincial government to the NSREC, giving the
commission the power to create and enforce it's by-laws to protect the
public by establishing standards.
3 Standing committees for the NSREC Correct Answer-Discipline
Committee, Licensing Committee, and the Complaint review committee
The complaint Review Committee Correct Answer-made up of licensees
and members of the public from across Nova Scotia. This committee
reviews all of the registrars complaint decisions and may accept, reject,
or make recommendations to amend decisions.
The Licensing Committee Correct Answer-sets the licensing standards
for Nova Scotia Real Estate, their role is to review the registrars
licensing decisions upon request and make additional decisions based on
any appeals or requests for exemptions. This Board also makes
recommendations to the Board of Directors on licensing issues and
continuing education.
The Discipline Committee Correct Answer-When required, members of
this committee form a hearing panel to hold formal discliplinary
hearings involving licensees. The committee hears the evidence and
renders a decision.
Answers
The Three-way Relationship Correct Answer-the 3 tiers of the
professional trade organization for real estate in Canada. It includes the
Canadian Real Estate Association (CREA), Provincial/Territorial
associations, and real estate boards (localized)
Nova Scotia Association of Realtors Correct Answer-a voluntary
provincial organization that represents organized real estate in Nova
Scotia. It is a combined service of the provincial association and local
boards within one structure.
The NSAR provides these services Correct Answer-MLS, Lockbox
systems, Webforms, advocacy at 3 levels of government, arbitration
services, education
The NSAR is divided into this many regions Correct Answer-Seven
The Canadian Real Estate Association Correct Answer-the association
responsible for National Activities, International Activities and
trademarks (MLS and Realtor.)
NSREC Correct Answer-an independent non-government agency that is
responsible for the regulation of the Real Estate Industry in Nova Scotia
, Real Estate Trading Act (RETA) Correct Answer-created in 1997, this
act established the NSREC as a corporate body and transfers
responsibility from the provincial government to the NSREC, giving the
commission the power to create and enforce it's by-laws to protect the
public by establishing standards.
3 Standing committees for the NSREC Correct Answer-Discipline
Committee, Licensing Committee, and the Complaint review committee
The complaint Review Committee Correct Answer-made up of licensees
and members of the public from across Nova Scotia. This committee
reviews all of the registrars complaint decisions and may accept, reject,
or make recommendations to amend decisions.
The Licensing Committee Correct Answer-sets the licensing standards
for Nova Scotia Real Estate, their role is to review the registrars
licensing decisions upon request and make additional decisions based on
any appeals or requests for exemptions. This Board also makes
recommendations to the Board of Directors on licensing issues and
continuing education.
The Discipline Committee Correct Answer-When required, members of
this committee form a hearing panel to hold formal discliplinary
hearings involving licensees. The committee hears the evidence and
renders a decision.
