Nevada Real Estate Exam Package Deal

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 am...

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 hour...

A Nevada broker, Jim Johns, was killed in a car accident and all of his 42 agents licenses went inactive immediately, why? - Answer Jim was a Sole Proprietor A licensed real estate agent, Barry Bat, got $5000 in cash on 7/10/04, at 1:30 P.M. from Alice Amos, Barry must: - Answer Nevada law requir...

A real estate broker is: A. Liable for the conduct of associated licensees B. Only liable for the contact of an associated licensee if the broker knows about the licensees conduct C. Not liable for the conduct of an associated licensee D. Only liable for his own conduct - Answer A. Liable for...

One act makes you a realtor- - Answer Any person, company, corporation acting as a realtor will be prosecuted by the Attorney General of the county were the act occurred Dual Agency- - Answer now known as Multiple Agency. Old common law where one agent represented both buyer and seller Assigne...

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 licens...

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 purcha...

Land - Answer Surface, all natural things attached to it, subsurface, and air above the surface. Real Estate - Answer land plus manmade permanent attatchments Real property - Answer Real estate plus "bundle of legal rights" Bundle of Rights - Answer PUTEE (possess, use, transfer, exclude,...

Land - Answer Surface, all natural things attached to it, subsurface, and air above the surface. Real Estate - Answer land plus manmade permanent attatchments Real property - Answer Real estate plus "bundle of legal rights" Bundle of Rights - Answer PUTEE (possess, use, transfer, exclude,...