Nova Scotia Real Estate Practice Exam

The individual responsible for overseeing the activities of a brokerage is the broker. A broker holds a higher level of licensure compared to salespersons and associate brokers and has the authority to manage the operations of a real estate brokerage. This role includes ensuring compliance with real estate laws and regulations, supervising the actions of salespersons and associate brokers, and managing transactions and relationships with clients.

In addition to overseeing daily operations, the broker also has fiduciary responsibilities to clients, ensuring that their interests are prioritized throughout the real estate transaction process. This level of responsibility is integral to maintaining the integrity and efficiency of the brokerage, making the broker a pivotal figure in the real estate industry.