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

Nevada Real Estate State Exam Questions and Answers 100% Correct Nevada Real Estate State Exam Questions and Answers 100% Correct Nevada Real Estate State Exam Questions and Answers 100% Correct 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 Cent...

NV Real Estate Exam Review Questions and Answers 100% CorrectNV Real Estate Exam Review Questions and Answers 100% CorrectNV Real Estate Exam Review Questions and Answers 100% Correct 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 ...

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...

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...

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...

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...

CIC association documents are supplied by - ANSWER-The association within 10 days of request for a reasonable fee When must a salesperson turn a transaction file to his/her broker? - ANSWER-Within 5 days of an accepted contract Net Listing Agreement - ANSWER-A contract between a seller of real estate and a real estate broker in which the broker is paid as a commission the amount the sale price exceeds the price set by the seller. Legal in Nevada Unilateral Contract - ANSWER-A contract t...

The 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 of NV sales contract, you must be notified of the zoning - ANSWER-true A NV gaming overlay map is REQUIRED to be given to all new home sales - ANSWER-false. Only new home sales in a county of 700,000 + Home developers mu...

After the collection of the advance fee, when should it be itemized and accounted for? - Answer 3 months What must one have in order to collect an advance fee? - Answer A real estate license. How many days for broker to refund buyers on land purchase? - Answer 15 day Public offerings must contain this warning - Answer Read report before signing any paper Real Estate Commission members must be appointed by the - Answer Governor. Duty of Real Estate Commission is - Answer to adopt r...

After the collection of the advance fee, when should it be itemized and accounted for? - ANSWER-3 months What must one have in order to collect an advance fee? - ANSWER-A real estate license. How many days for broker to refund buyers on land purchase? - ANSWER-15 day Public offerings must contain this warning - ANSWER-Read report before signing any paper Real Estate Commission members must be appointed by the - ANSWER-Governor. Duty of Real Estate Commission is - ANSWER-to adopt r...