Which entity administers the Real Estate Recovery Fund?

The correct response indicates that the Nova Scotia Real Estate Commission is responsible for administering the Real Estate Recovery Fund. This fund is crucial for protecting consumers within the real estate market in Nova Scotia. It serves as a safety net for individuals who experience financial loss due to the actions of a licensed real estate professional. The commission oversees the fund's operations, ensuring it aligns with the regulatory frameworks established to safeguard public interest and maintain the integrity of real estate practices in the province.

Understanding the role of the Nova Scotia Real Estate Commission clarifies why this entity, rather than others like the provincial government or local real estate boards, is specifically tasked with managing the Recovery Fund. The commission not only regulates real estate professionals but also manages resources like the Recovery Fund to help promote accountability and consumer protection in real estate transactions.