Exam (elaborations)
Nova Scotia Real Estate Course Questions with Correct Answers
- Course
- Institution
Nova Scotia Real Estate Course Questions with Correct Answers
[Show more]
Content preview
Nova Scotia Real Estate Course Questions withCorrect Answers
Ripple Effect Correct Answer-Economic spinoff and employment
generated by new property.
7 Various Specialities in the Real Estate Profession. Correct Answer-
Residential Resale,
Commercial, Condominium,
Recreation and Agriculture Sales,
Property Management,
Appraisal Specialty,
Mortgage and Financing,
New Home Sales
Nova Scotia Real Estate Commission licenses what 5 Types of
Licenses? Correct Answer-Brokerage
Broker (Needs min. of 3 years experience as Sales)
Managing Associate Broker
Associate Broker
Salesperson
What does RETA stand for Correct Answer-Real Estate Trade Act
, Commissions are most commonly associated with listing and selling
activities. What are three other activities in which you can receive
commissions/remuneration? Correct Answer-Property Management
Appraisal
Buyer/ Seller Referral
How many years must you hold a valid Real Estate Salesperson license
before you can be a Broker? Correct Answer-3 years
Describe how Total commissions are dispersed between brokerages and
salespersons . ( Distributed, Allocated and Split) Correct Answer-
Distributed- between listing and selling brokerages
Allocated- between listing and selling portions
Split- between brokerage and listing/selling salesperson according to
contractual arrangements.
NSREC' s Mandate Correct Answer-To protect consumers/public
NSREC Board Consist of ______________People. Correct Answer-10
NSAR appoints _______ people Correct Answer-3
The license elect _________ licenses Correct Answer-3
The province appoints __________ people Correct Answer-3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller cracker. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76800 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now