Nevada law real estate - Study guides, Class notes & Summaries

Nevada Real Estate State Exam Questions & Answers 100% CorrectNevada Real Estate State Exam Questions & Answers 100% CorrectNevada Real Estate State Exam Questions & Answers 100% CorrectNevada Real Estate State Exam Questions & Answers 100% CorrectNevada BROKER salesperson/BROKER education - ANSWER-- 90 hours of instruction which includes: 45 hours of law, 45 hours of principles Broker testing - ANSWER-- Pass a NV Testing Center 50 question Nevada State Brokers test with a 75% or better: One ...

The sale of timeshare interests in the State of Nevada is regulated under the provisions of: - Answer NRS 119a The law that regulates real estate in Nevada is: - Answer NRS 645 Who appoints the Administrator of the Real Estate Division? - Answer The Director of the Department of Business and Industry Who appoints the Director of the Department of Business and Industry? - Answer Governor Who selects and appoints the Project Broker? - Answer Developer If a timeshare a...

Nevada Exam Questions and Answers Already Passed an unrepresented buyer submits an offer directly to the listing agent the agent must Provide the buyer a Duties Owed by a Nevada licensee Only the seller can fill out The SRPD The maximum liability of ERRF for an individual person is 100,000 What is the maximum amount per judgement that can be paid out of the Errf 25,000 State law allows representation of multiple parties to a transaction, however what authorization is required...

How many branch offices may a broker have? - answer-As many as they want A branch manager must be : - answer-Broker/salesperson with two of the previous four years experience The minimum balance of the ERRF fund is : - answer-$300,000 The Nevada Real Estate Commission is appointed by : - answer-The Governor of the state of Nevada Nevada Real Estate license fees are deposited in : - answer-The Nevada State General Fund If the Nevada Real Estate Division issues a Nevada license in e...

Nevada Real Estate Salesperson State Questions Already Passed A Seller's Real Property Disclosure document is required for all the following properties, EXCEPT a(n): a) For Sale by Owner b) New Home c) Resale d) Home that has been inspected by a certified home inspector b (New Home) A Nevada licensee must give the Duties Owed by a Nevada licensee form to prospective purchasers/tenants: a) before they are shown any properties b) at an open house c) at the close of escrow d) no...

Final Exam- State Nevada Questions and Answers 100% Correct A consumer filed a complaint with the Nevada Real Estate Division claiming that Salesman Jones lied about the location of a proposed freeway. Upon receiving the complaint: a the Nevada Department of Highways will be contacted by the Division. b the Administrator will appoint a Hearing Officer. c the complaint will be turned over to the Department of Consumer Affairs. d the Administrator will initiate an investigation of the comp...

The sale of timeshare interests in the State of Nevada is regulated under the provisions of: NRS 119a The law that regulates real estate in Nevada is: NRS 645 Who appoints the Administrator of the Real Estate Division? The Director of the Department of Business and Industry Who appoints the Director of the Department of Business and Industry? Governor Who selects and appoints the Project Broker? Developer If a timeshare agent initially becomes licensed on June 6, 2000, when will t...

Nevada Real Estate Law Test Already Graded A+ How soon must a salesperson provide paperwork to his broker? ️️Within Five Calendar Days When must a licensee give client a copy of a brokerage agreement? ️️Upon Signing When must the licensee provide a closing statement to seller and the buyer? ️️Within 10 days after close of escrow How soon must earnest money be turned into the broker or owner developer? ️️Within 1 business day How many members are part of the commissi...

Final Exam- State Nevada Questions and Answers 100% Correct A consumer filed a complaint with the Nevada Real Estate Division claiming that Salesman Jones lied about the location of a proposed freeway. Upon receiving the complaint: a the Nevada Department of Highways will be contacted by the Division. b the Administrator will appoint a Hearing Officer. c the complaint will be turned over to the Department of Consumer Affairs. d the Administrator will initiate an investigation of the comp...

Nevada State Law Real Estate Exam Questions Rated A+ What is the primary role of a real estate broker in Nevada? ️️ A broker oversees real estate transactions, manages agents, ensures compliance with Nevada laws, and assists clients in buying or selling properties. What does it mean if a property has a "cloud on the title" in Nevada? ️️ A cloud on the title refers to any issue or claim that could interfere with the property’s clear ownership, such as an unresolved lie...