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

1. How much time is given to pass the NV salesperson exam? - ANSWER 4 hours - 240 minutes or 4 hours total 2. How many continuing education hours are required? - ANSWER 24 hours - State of NV requires salesperson to complete 24-hours of continuing education every 2 years in each 4 year licensing term 3. In order to obtain a NV real estate license you must have a HS diploma? - ANSWER True - you must have a HS diploma or equivalent 4. How often must you renew your sales agent license? - A...

1. How much time is given to pass the NV salesperson exam? - 4 hours - 240 minutes or 4 hours total 2. How many continuing education hours are required? - 24 hours - State of NV requires salesperson to complete 24-hours of continuing education every 2 years in each 4 year licensing term 3. In order to obtain a NV real estate license you must have a HS diploma? - True - you must have a HS diploma or equivalent 4. How often must you renew your sales agent license? - Every 2 years - NV sal...

Nevada 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 hour to complete - Pass a NV Testing Center 80 question Nevada National Brokers test with a 75% or better: Two hours to complete - Cost of Examination: $100 for both tests when taken at the same time, $100 each if Nevada State and National tests ...

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...

3 systems of government - Answer-unitary, confederate, federal Federal system of government - Answer-divides power between a national government and state governments (used by United States) Unitary system of government - Answer-power is concentrated in a central government Confederation system of government - Answer-regional government retains autonomy and cantral government gets its authority from regional government Sovereignty - Answer-Ultimate governing quthority of a particular geogr...

NV STATE LAW REAL ESTATE-License Practice Questions and Answers 100% CorrectNV STATE LAW REAL ESTATE-License Practice Questions and Answers 100% CorrectNV STATE LAW REAL ESTATE-License Practice Questions and Answers 100% CorrectThe Uniform Vendor and Purchaser Risk Act refers to what relationship? - ANSWER-The vendor and vendee difference between vendor and vendee - ANSWER-vendor=seller in land contract purchase vendee= buyer in land contract purchase Prior to closing an escrow or signing...

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...

NV Real Estate Exam Review Questions and Answers 100% Pass 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 Divisio...

Nevada Real Estate State Question and answers 100% correct 2024/2025Nevada BROKER salesperson/BROKER education - correct answer - 90 hours of instruction which includes: 45 hours of law, 45 hours of principles Broker testing - correct answer - Pass a NV Testing Center 50 question Nevada State Brokers test with a 75% or better: One hour to complete - Pass a NV Testing Center 80 question Nevada National Brokers test with a 75% or better: Two hours to complete - Cost of Examination: $100...

PSC 100 Nevada Constitution Final Exam Questions and Answers 100% pass 3 systems of government - Answer- unitary, confederate, federal Federal system of government - Answer- divides power between a national government and state governments (used by United States) Unitary system of government - Answer- power is concentrated in a central government Confederation system of government - Answer- regional government retains autonomy and cantral government gets its authority from regional govern...