Nova Scotia Association of Realtors (NSAR) Practice Exam 2026 - Free Real Estate License Practice Questions and Study Guide

The main idea tested is that closing costs are the additional fees and adjustments you pay when finalizing a real estate purchase, not just the purchase price. In Nova Scotia, these typical closing costs include legal fees for the lawyer handling the closing, a title search to confirm clear ownership, title insurance to protect against title issues, land transfer tax payable to the province, disbursements charged by the lawyer for third‑party services, inspection fees for a home inspection, an appraisal if your lender requires it, and adjustments to settle prepaid items like property taxes or utilities between buyer and seller. These items collectively represent what you actually pay at closing beyond the purchase price. Renovations would be paid later and are not closing costs, which is why the listed set of items is the best fit for Nova Scotia closing costs.