Nrs 645 - Study guides, Class notes & Summaries

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...

Agency - ANSWER-Relationship between the principal (client) and agent. Business - ANSWER-Tangible assets of an existing enterprise. Define Business broker: What are the requirements for a permit - ANSWER-RE broker, broker-salesman, or salesman who sells businesses. -minimum 24 hours of instruction -$40 permit -$75 examination fee (must pass 75%) Owner-Developer - ANSWER-Owns 5+ Lots within a subdivision Real Estate Division - ANSWER-1. The RE Division of the Department of the Bus...

Real Estate Nevada State final Exam Questions and Answers 100% Pass Which form must be used in every real estate transaction involving a Nevada licensee? - Answer- Duties Owed by a Nevada Real Estate Licensee Which of these would NOT likely disqualify Smith from receiving a license? - Answer- having been arrested for embezzlement Jones has left ARM Realty and his license has been returned to the Division. What maximum time is allowed for re-affiliation before he is inactivated? - Answer- ...

Nevada Real Estate: Practice State Exam Corrections 100% Pass The following would likely disqualify Smith from receiving a license Being delinquent in child support obligations, having had her license suspended, but not revoked in Arizona 4 years ago, having pled guilty to engaging in the real estate business without a real estate license Embezzlement Theft or misappropriation of funds placed in one's trust or belonging to one's employer Jones has left ARM Realty and his license...

Nevada Timeshare License Practice Questions with complete solution The sale of timeshare interests in the State of Nevada is regulated under the provisions of: -Correct Answer-NRS 119a The law that regulates real estate in Nevada is: -Correct Answer-NRS 645 Who appoints the Administrator of the Real Estate Division? -Correct Answer-The Director of the Department of Business and Industry Who appoints the Director of the Department of Business and Industry? -Correct Answer-Governor Wh...

Real Estate Nevada State final Exam Questions and Answers 100% Pass Which form must be used in every real estate transaction involving a Nevada licensee? - Answer- Duties Owed by a Nevada Real Estate Licensee Which of these would NOT likely disqualify Smith from receiving a license? - Answer- having been arrested for embezzlement Jones has left ARM Realty and his license has been returned to the Division. What maximum time is allowed for re-affiliation before he is inactivated? - Answer- ...

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

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

Administrator - Answer-The Real Estate Administrator Affiliate of the developer - Answer-Means any person who controls, is controlled by or is under common control with a developer, including a person who 1. Is a general partner, officer, director or employer of the developer. 2. Directly or indirectly or acting in concert with one or more other persons, or through one or more subsidiaries, owns, controls, holds with the power to vote , or hold proxies representing more than 20% of the vot...

Agency - Answer Relationship between the principal (client) and agent. Business - Answer Tangible assets of an existing enterprise. Define Business broker: What are the requirements for a permit - Answer RE broker, broker-salesman, or salesman who sells businesses. -minimum 24 hours of instruction -$40 permit -$75 examination fee (must pass 75%) Owner-Developer - Answer Owns 5+ Lots within a subdivision Real Estate Division - Answer 1. The RE Division of the Department of the Bus...