What must a person or organization possess to operate as a real estate brokerage in Nova Scotia?

To operate as a real estate brokerage in Nova Scotia, a person or organization must possess a brokerage license from the Nova Scotia Real Estate Commission (NSREC). This license is crucial because it signifies that the brokerage meets all the necessary regulatory and legal requirements set forth by the commission, ensuring that they are qualified to conduct real estate transactions. Holding this license also indicates compliance with the applicable laws governing real estate practices in the province, reflecting the brokerage's commitment to professional standards and consumer protection.

While the other options may be important in various contexts, they do not specifically denote the authority required to legally operate as a brokerage in the real estate sector. For instance, a certificate of good standing or a partnership agreement might pertain to business operations or legitimacy, but without the proper brokerage license, the entity cannot function legally as a real estate brokerage. Similarly, corporate registration is relevant for the business aspect but doesn't alone confer the specific rights and responsibilities associated with real estate transactions. Therefore, the brokerage license from NSREC is the fundamental requirement for legal operation in this field.