Nrs 645 - Study guides, Class notes & Summaries

The Nevada Real Estate Commission is appointed by: - correct answer The Governor Three of the following acts have grounds for disciplinary action. Which of the following does not: - correct answer Refusing, due to poor credit, to show property to a prospective customer An agent decides to reinstate his license after four years of INR. Which of the following is not true: - correct answer The agent must take the state and national examination again This form must be used in every re...

Time Share Agent Prep Questions and Answers 100% Pass Administrator - Correct Answer ️️ -The Real Estate Administrator Affiliate of the developer - Correct 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, control...

NV Real Estate Exam Review Questions with Correct Answers What are the fees charged by Division for: original registration/renewal owner developer enlargement of owner developers area cooperative certificate CE accreditation CE accreditation renewal Original license course permit - Answer-original registration/renewal owner developer $125 enlargement of owner developers area $50 cooperative certificate $150 CE accreditation $100 CE accreditation renewal $50 Original license course ...

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...

Nevada Real Estate: Practice State Exam Corrections Questions and Answers 100% Pass The following would likely disqualify Smith from receiving a license - Answer- 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 - Answer- Theft or misappropriation of funds placed in one's trust or belonging to one's employer Jones...

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 authorization is required before moving forwar...

She may not be actively licensed. - Broker Wilkins recently closed her office and went to work for the Division as the Deputy Administrator. What limitation is placed on Wilkins? Be a single agent of the seller. - Agent Becker of 20/20 Realty listed and sold the Franklin home in 2004. In 2015, Becker has a listing on which Franklin wants to make an offer. Franklins agent, affiliated with gold realty, writes the offer and presents it through Becker, Becker Should... No, Caulfield can only re...

What is the minimum age for a person to receive a time share license? correct answers18 In Nevada, who may sell a Developer's time share interests? correct answersReal Estate salesman/Broker and time share agent A time Share sales agent is a person who is: correct answersPerson who sells timeshares on behalf of a developer Until closing, all monies, negotiable instruments or other deposits pertaining to the sale of a time share must be placed in: correct answersAn Escrow Agent account ...

Nevada Real Estate: Practice State Exam Corrections Questions and Answers 100% Pass The following would likely disqualify Smith from receiving a license - Answer- 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 - Answer- Theft or misappropriation of funds placed in one's trust or belonging to one's employer Jones...

Nevada Exam Questions with complete solutions 2024/2025 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 representati...