NEVADA REAL ESTATE PRINCIPLES
THIRD EDITION UPDATE QUIZ | STUDY
GUIDE, PRACTICE QUESTIONS AND
DETAILED ANSWERS | GRADED A+ |
GUARANTEED SUCCESS
Updated 2026 Questions and Answers | 100% Verified
Exam Prep
,U1Q3.) A broker's duty to supervise and manage includes D. all of these
A. establishing policies and procedures.
B. monitoring compliance with established policies and
procedures.
C. supervision of office employees.
D. all of these
U1Q4.) A broker's duty to supervise and manage includes D. five years.
A. one year.
B. two years.
C. three years.
D. five years.
U1Q5.) A real estate salesperson must deliver to her broker all D. Five calendar days
paperwork within how many days after the paperwork is
executed by the parties?
A. One business day
B. One calendar day
C. Five business days
D. Five calendar days
U1Q6.) When entering into a brokerage agreement, B. behalf of their broker
salespeople are acting on
A. their own behalf
B. behalf of their broker
C. their own behalf, regardless of whether they have been
retained as independent contractors or employees.
D. behalf of the office manager.
U1Q7.) A salesperson is B. liable for her own conduct.
A. not liable for her own conduct; only the broker is liable.
B. liable for her own conduct.
C. only liable for her own conduct if retained as an
independent contractor.
D. only liable for her own conduct if retained as an employee.
,U1Q8.) Which of the following is NOT required in an assigned D. The Consent to Act form
agency?
A. The Duties Owed by a Nevada Real Estate Licensee form.
B. A duty of confidentiality to the client
C. A duty to disclose material facts concerning the transaction
to a client
D. The Consent to Act form
U1Q9.) In Nevada, a personal assistant retained by a real B. is not required to have a real estate license
estate broker
A. must obtained a real estate license.
B. is not required to have a real estate license
C. is subject to a special set of statutes and regulations that
govern personal assistants.
D. must obtain a real estate personal assistant license.
U1Q10.) Which of the following correctly characterizes a A. of confidentiality to a client but does not owe that duty to someone the licensee does
difference between the duties owed by a Nevada real estate not represent.
licensee to a client and the duties owed to someone the
licensee does not represent? A licensee owes a duty
A. of confidentiality to a client but does not owe that duty to
someone the licensee does not represent.
B. to disclose material facts relating to the property to a client
but does not owe that duty to someone the licensee does not
represent.
C. to disclose material facts concerning the transaction to
someone the licensee does not represent but does not owe
that duty to a client.
D. of skill and care to a client but does not owe that duty to
someone the licensee does not represent.
, U1Q11.) Kelly has listed a property that is being sold, in part, A. is not legally required to disclose the homicide to potential buyers.
because a homicide occurred on the property. Kelly
A. is not legally required to disclose the homicide to potential
buyers.
B. is legally required to disclose the homicide to potential
buyers.
C. is not required to disclose the homicide if it occurred more
than five years ago.
D. must disclose the homicide to potential buyers if they
specifically ask about any homicides on the property.
U1Q12.) In a properly created dual agency, B. both clients must sign the Consent to Act form.
A. to maintain confidentiality, both clients must waive the duty
of confidentiality.
B. both clients must sign the Consent to Act form.
C. both clients must sign an assigned agency form.
D. permission is required from the Real Estate Division.
U1Q13.) If certain conditions are met a real estate salesperson B. an independent contractor.
can be conclusively presumed to be
A. an employee
B. an independent contractor.
C. an independent employee.
D. a supervised employee.
U1Q14.) Broker Bob has a listing. The seller has told him that B. Seller's financial problems
the roof leaks and the basement floods. In addition, Bob
independently discovered a patch of mold in the family room.
Finally, the seller has disclosed that he has financial problems.
Which of the following is Bob NOT required to disclose to
prospective buyers?
A. Leaking roof
B. Seller's financial problems
C. Flooding basement
D. Mold Bob discovered
THIRD EDITION UPDATE QUIZ | STUDY
GUIDE, PRACTICE QUESTIONS AND
DETAILED ANSWERS | GRADED A+ |
GUARANTEED SUCCESS
Updated 2026 Questions and Answers | 100% Verified
Exam Prep
,U1Q3.) A broker's duty to supervise and manage includes D. all of these
A. establishing policies and procedures.
B. monitoring compliance with established policies and
procedures.
C. supervision of office employees.
D. all of these
U1Q4.) A broker's duty to supervise and manage includes D. five years.
A. one year.
B. two years.
C. three years.
D. five years.
U1Q5.) A real estate salesperson must deliver to her broker all D. Five calendar days
paperwork within how many days after the paperwork is
executed by the parties?
A. One business day
B. One calendar day
C. Five business days
D. Five calendar days
U1Q6.) When entering into a brokerage agreement, B. behalf of their broker
salespeople are acting on
A. their own behalf
B. behalf of their broker
C. their own behalf, regardless of whether they have been
retained as independent contractors or employees.
D. behalf of the office manager.
U1Q7.) A salesperson is B. liable for her own conduct.
A. not liable for her own conduct; only the broker is liable.
B. liable for her own conduct.
C. only liable for her own conduct if retained as an
independent contractor.
D. only liable for her own conduct if retained as an employee.
,U1Q8.) Which of the following is NOT required in an assigned D. The Consent to Act form
agency?
A. The Duties Owed by a Nevada Real Estate Licensee form.
B. A duty of confidentiality to the client
C. A duty to disclose material facts concerning the transaction
to a client
D. The Consent to Act form
U1Q9.) In Nevada, a personal assistant retained by a real B. is not required to have a real estate license
estate broker
A. must obtained a real estate license.
B. is not required to have a real estate license
C. is subject to a special set of statutes and regulations that
govern personal assistants.
D. must obtain a real estate personal assistant license.
U1Q10.) Which of the following correctly characterizes a A. of confidentiality to a client but does not owe that duty to someone the licensee does
difference between the duties owed by a Nevada real estate not represent.
licensee to a client and the duties owed to someone the
licensee does not represent? A licensee owes a duty
A. of confidentiality to a client but does not owe that duty to
someone the licensee does not represent.
B. to disclose material facts relating to the property to a client
but does not owe that duty to someone the licensee does not
represent.
C. to disclose material facts concerning the transaction to
someone the licensee does not represent but does not owe
that duty to a client.
D. of skill and care to a client but does not owe that duty to
someone the licensee does not represent.
, U1Q11.) Kelly has listed a property that is being sold, in part, A. is not legally required to disclose the homicide to potential buyers.
because a homicide occurred on the property. Kelly
A. is not legally required to disclose the homicide to potential
buyers.
B. is legally required to disclose the homicide to potential
buyers.
C. is not required to disclose the homicide if it occurred more
than five years ago.
D. must disclose the homicide to potential buyers if they
specifically ask about any homicides on the property.
U1Q12.) In a properly created dual agency, B. both clients must sign the Consent to Act form.
A. to maintain confidentiality, both clients must waive the duty
of confidentiality.
B. both clients must sign the Consent to Act form.
C. both clients must sign an assigned agency form.
D. permission is required from the Real Estate Division.
U1Q13.) If certain conditions are met a real estate salesperson B. an independent contractor.
can be conclusively presumed to be
A. an employee
B. an independent contractor.
C. an independent employee.
D. a supervised employee.
U1Q14.) Broker Bob has a listing. The seller has told him that B. Seller's financial problems
the roof leaks and the basement floods. In addition, Bob
independently discovered a patch of mold in the family room.
Finally, the seller has disclosed that he has financial problems.
Which of the following is Bob NOT required to disclose to
prospective buyers?
A. Leaking roof
B. Seller's financial problems
C. Flooding basement
D. Mold Bob discovered
