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

Nevada Real Estate Exam Questions and Answers 100% Pass 1. What is the minimum balance of the real estate education, research, and recovery fund? A) $300,000. B) $100,000. C) $250,000. D) $500,000. - Answer- a 2. How long after the signing of a contract for the purchase of a lot in NV or anywhere else may the purchaser cancel the transaction? A) 24 hours B) within five calendar days C) five business days D) or one week - Answer- b 3. In NV, who is responsible prior to closing for c...

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 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 ...

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...

1. What is the minimum balance of the real estate education, research, and recovery fund? A) $300,000. B) $100,000. C) $250,000. D) $500,000. - Answer a 2. How long after the signing of a contract for the purchase of a lot in NV or anywhere else may the purchaser cancel the transaction? A) 24 hours B) within five calendar days C) five business days D) or one week - Answer b 3. In NV, who is responsible prior to closing for calculating the pro-rations between the buyer and seller, o...

NV Real Estate Law Exam Questions and Answers 100% Pass who CANNOT have a NV real estate license or personal / financial interst in NV real estate company - Answer- NVRED / NVREDA Whats NOT open to the public? - Answer- Broker/brokersalperson exam, criminal and financial records NVRED duties? (4) - Answer- customer service issuing and renewing license investigation checking NV brokers office Who helps NVRED? - Answer- The Attorney General Where Are NV Licensee's Fees, penalties & cha...

1. What is the minimum balance of the real estate education, research, and recovery fund? A) $300,000. B) $100,000. C) $250,000. D) $500,000. - Aa 2. How long after the signing of a contract for the purchase of a lot in NV or anywhere else may the purchaser cancel the transaction? A) 24 hours B) within five calendar days C) five business days D) or one week - Ab 3. In NV, who is responsible prior to closing for calculating the pro-rations between the buyer and seller, ordering the ...

NV Real Estate Law Exam Questions and Answers 100% Pass who CANNOT have a NV real estate license or personal / financial interst in NV real estate company - Answer- NVRED / NVREDA Whats NOT open to the public? - Answer- Broker/brokersalperson exam, criminal and financial records NVRED duties? (4) - Answer- customer service issuing and renewing license investigation checking NV brokers office Who helps NVRED? - Answer- The Attorney General Where Are NV Licensee's Fees, penalties & cha...