Nevada Real Estate Law Exam| 80 Questions| Correct Answers| Verified!!
A Seller's Real Property Disclosure document required for all of the following properties EXCEPT a(n): - ANSWER New home. A Nevada licensee must give the Duties Owed by a Nevada Licensee form to prospective purchasers or tenants: - ANSWER no later than the time of entering an agreement to purchase or lease. The licensing law of Nevada requires that the: - ANSWER broker disclose information that materially affects the property even when the buyer does not ask for it. If a Nevada licensee tells the lender that the sales price on a property is something other than its actual sale price, the: - ANSWER licensee can have his or her license suspended or revoked. Under the terms of the contract, a seller is required to provide a termite certification. The seller requests his listing agent to order one. The agent does so, knowing he will receive a referal fee from the pest control company. Is this a violation of the Nevada license law? - ANSWER Yes, because a salesperson may not receive compensation from anyone other than his employing broker.
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