License Law refers to

• A. Regulatory controls imposed by a governing body upon real estate licensees. In Nova Scotia, the NSREC is responsible for all such matters.
• B. Tax assessment procedures for properties
• C. Marketing guidelines for listings
• D. Ethical codes only

Answer: (A)

License Law sets the regulatory framework that governs how real estate licensees practice. It defines who can hold a licence, what activities require licensure, and the authority to enforce rules and discipline licensees. In Nova Scotia, the Nova Scotia Real Estate Commission administers this framework, handling licensing, education, ongoing professional standards, advertising rules, trust-account oversight, and disciplinary actions. This ensures licensees operate to protect the public and maintain professional standards.

Tax assessment procedures are handled by tax authorities, not the licensing regulator. Marketing guidelines may exist as part of practice standards, but license law is about licensure and the regulator’s authority. Ethical codes exist, but license law covers more than ethics, including licensing, conduct, and penalties.