Who administers the Real Estate Recovery Fund in Nova Scotia?

The Nova Scotia Real Estate Commission administers the Real Estate Recovery Fund, making it the correct choice. This commission is responsible for regulating the real estate industry in the province, including overseeing licensing, compliance, and consumer protection measures. The Recovery Fund is intended to provide financial support to consumers who experience loss due to the actions of licensed real estate professionals, reinforcing the accountability and ethical practices within the industry.

The other organizations listed, while important in their respective fields related to housing and real estate, do not have the specific mandate to manage the Recovery Fund. For example, the Nova Scotia Home Builders Association primarily represents builders and developers, focusing on promoting the interests of its members, while the Canadian Mortgage and Housing Corporation deals primarily with housing finance and market analysis. The Nova Scotia Department of Housing manages broader housing initiatives and policies, but it does not directly administer the Recovery Fund. Thus, the Nova Scotia Real Estate Commission is uniquely positioned to handle this responsibility due to its regulatory role in the real estate sector.