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NSAR SALESPERSON LICENSING ACTUAL EXAM – NOVA SCOTIA
ASSOCIATION OF REALTORS® (NSAR) / NOVA SCOTIA REAL ESTATE
COMMISSION 2026 LATEST VERSION FULL PACKAGE
SECTION 1: REAL ESTATE LAW AND REGULATIONS
1. Under the Nova Scotia Real Estate Trading Act, what is the
minimum passing grade required for the Salesperson Licensing
Exam?
A) 65%
B) 68%
C) 70%
D) 75%
Answer: C) 70% A pass mark of 70% or 70.4% is required to pass the
exam .
2. A "Brokerage License" is issued to:
A) An individual salesperson.
B) A person or organization authorized to trade in real estate and
hold itself out to the public as a brokerage .
C) A regulatory body.
D) A real estate lawyer.
Answer: B) A Brokerage License is issued to the company or
,2
organization, while a Broker License is issued to an individual who can
operate the brokerage.
3. What is the role of the Nova Scotia Real Estate Commission
(NSREC)?
A) To provide real estate education courses.
B) To set commission rates for real estate transactions.
C) To act as the regulator of the Nova Scotia real estate industry .
D) To represent real estate agents in legal disputes.
Answer: C) The NSREC is the regulatory body responsible for licensure
and oversight of real estate professionals, while the NSAR administers
courses and provides services .
4. According to the Real Estate Trading Act, what is "interference"?
A) Encouraging a party to break a contract for the purpose of making
a new one .
B) A conflict of interest in an agency relationship.
C) A breach of fiduciary duty.
D) The use of a property for an illegal purpose.
Answer: A) The Act specifically prohibits licensees from inducing
parties to break a listing or purchase agreement to enter another
one.
5. A "Salesperson License" in Nova Scotia allows a person to:
A) Operate their own brokerage independently.
B) Trade in real estate only under the supervision of a licensed
,3
broker .
C) Work for a property management company without a broker.
D) Act as a legal representative for a client.
Answer: B) A salesperson must be licensed by the Commission and be
affiliated with a brokerage .
6. How long must a first-time applicant wait to apply for a new
license if they fail the exam twice?
A) 3 months
B) 6 months
C) 12 months
D) 2 years
Answer: C) Students who fail the exam twice must wait 12 months
from the date they finished the licensing course before they are
eligible to re-take it .
7. What is the fee required for the online licensing exam for the
Salesperson Licensing Course?
A) $100
B) $114
C) $150
D) $200
Answer: B) $114 ($100 + tax) The online exam fee is $100 plus tax
($114) .
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8. In Nova Scotia, what is the governing legislation for real estate
trading?
A) The Real Estate Trading Act .
B) The Canadian Real Estate Act.
C) The Fair Housing Act.
D) The Condominium Act.
Answer: A) The Real Estate Trading Act is the primary legislation
governing real estate professionals in the province .
9. E&O (Errors and Omissions) insurance is mandatory for all
licensees in Nova Scotia. Where must this insurance be purchased
from?
A) The Nova Scotia Real Estate Commission (NSREC).
B) The provincial government.
C) The Nova Scotia Association of REALTORS® (NSAR) .
D) Any private insurance company.
Answer: C) E&O insurance must be purchased through the NSAR, and
proof of insurance is required to have the temporary license
restriction removed .
10. According to the NSAR exam syllabus, which content area
typically carries the highest weight?
A) Property Valuation.
B) Financing.
C) Real Estate Law and Regulations .
NSAR SALESPERSON LICENSING ACTUAL EXAM – NOVA SCOTIA
ASSOCIATION OF REALTORS® (NSAR) / NOVA SCOTIA REAL ESTATE
COMMISSION 2026 LATEST VERSION FULL PACKAGE
SECTION 1: REAL ESTATE LAW AND REGULATIONS
1. Under the Nova Scotia Real Estate Trading Act, what is the
minimum passing grade required for the Salesperson Licensing
Exam?
A) 65%
B) 68%
C) 70%
D) 75%
Answer: C) 70% A pass mark of 70% or 70.4% is required to pass the
exam .
2. A "Brokerage License" is issued to:
A) An individual salesperson.
B) A person or organization authorized to trade in real estate and
hold itself out to the public as a brokerage .
C) A regulatory body.
D) A real estate lawyer.
Answer: B) A Brokerage License is issued to the company or
,2
organization, while a Broker License is issued to an individual who can
operate the brokerage.
3. What is the role of the Nova Scotia Real Estate Commission
(NSREC)?
A) To provide real estate education courses.
B) To set commission rates for real estate transactions.
C) To act as the regulator of the Nova Scotia real estate industry .
D) To represent real estate agents in legal disputes.
Answer: C) The NSREC is the regulatory body responsible for licensure
and oversight of real estate professionals, while the NSAR administers
courses and provides services .
4. According to the Real Estate Trading Act, what is "interference"?
A) Encouraging a party to break a contract for the purpose of making
a new one .
B) A conflict of interest in an agency relationship.
C) A breach of fiduciary duty.
D) The use of a property for an illegal purpose.
Answer: A) The Act specifically prohibits licensees from inducing
parties to break a listing or purchase agreement to enter another
one.
5. A "Salesperson License" in Nova Scotia allows a person to:
A) Operate their own brokerage independently.
B) Trade in real estate only under the supervision of a licensed
,3
broker .
C) Work for a property management company without a broker.
D) Act as a legal representative for a client.
Answer: B) A salesperson must be licensed by the Commission and be
affiliated with a brokerage .
6. How long must a first-time applicant wait to apply for a new
license if they fail the exam twice?
A) 3 months
B) 6 months
C) 12 months
D) 2 years
Answer: C) Students who fail the exam twice must wait 12 months
from the date they finished the licensing course before they are
eligible to re-take it .
7. What is the fee required for the online licensing exam for the
Salesperson Licensing Course?
A) $100
B) $114
C) $150
D) $200
Answer: B) $114 ($100 + tax) The online exam fee is $100 plus tax
($114) .
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8. In Nova Scotia, what is the governing legislation for real estate
trading?
A) The Real Estate Trading Act .
B) The Canadian Real Estate Act.
C) The Fair Housing Act.
D) The Condominium Act.
Answer: A) The Real Estate Trading Act is the primary legislation
governing real estate professionals in the province .
9. E&O (Errors and Omissions) insurance is mandatory for all
licensees in Nova Scotia. Where must this insurance be purchased
from?
A) The Nova Scotia Real Estate Commission (NSREC).
B) The provincial government.
C) The Nova Scotia Association of REALTORS® (NSAR) .
D) Any private insurance company.
Answer: C) E&O insurance must be purchased through the NSAR, and
proof of insurance is required to have the temporary license
restriction removed .
10. According to the NSAR exam syllabus, which content area
typically carries the highest weight?
A) Property Valuation.
B) Financing.
C) Real Estate Law and Regulations .
