Nevada Real Estate Exam Prep
(Mandated Disclosures) with Complete
Solutions.(SCORED A+)
100. A broker must NOT disclose to prospective buyer:
a. about structural defects
b. that zoning makes the present usage non-conforming
c. that he has seen evidence of termites
d. that the owner will accept less than the listing price - ANSWER-100. D When the
broker represents the owner of the property objectives of the seller should not be
disclosed.
101. A real estate salesperson advised a prospective buyer that the property the buyer
was considering was scheduled for annexation into the city limits. This disclosure
constituted which of the following:
a. disloyalty to principal
b. misrepresentation
c. required disclosure to buyer
d. disclosure of confidential information - ANSWER-101. C The annexation in to the city
is a material fact that could affect the consideration to be given and therefore must be
disclosed.
102. Prior to settlement, the broker discovers dry rot in the floor joists. The broker
should:
a. inform the seller only
b. inform the seller and the buyer
c. refund the purchaser's deposit
d. inform no one - ANSWER-102. B All parties to the contract must be informed of any
material defect; even if it discovered after the contract has been formed.
103. If a parcel of real estate is near a toxic waste site the agent would be obligated to:
a. conduct a phase one audit
b. do nothing, if he is not the buyer's agent
c. disclose the fact
d. disclose only if it is a superfund site. - ANSWER-103. C Environmental hazards are a
material fact that must be disclosed to all parties to the transaction.
104. Sue listed her house with a broker and told the broker that the house had termite
infestation and some structural damage, but the repairs had just been completed. The
broker is obligated to:
a. tell her not to tell other brokers showing the property
(Mandated Disclosures) with Complete
Solutions.(SCORED A+)
100. A broker must NOT disclose to prospective buyer:
a. about structural defects
b. that zoning makes the present usage non-conforming
c. that he has seen evidence of termites
d. that the owner will accept less than the listing price - ANSWER-100. D When the
broker represents the owner of the property objectives of the seller should not be
disclosed.
101. A real estate salesperson advised a prospective buyer that the property the buyer
was considering was scheduled for annexation into the city limits. This disclosure
constituted which of the following:
a. disloyalty to principal
b. misrepresentation
c. required disclosure to buyer
d. disclosure of confidential information - ANSWER-101. C The annexation in to the city
is a material fact that could affect the consideration to be given and therefore must be
disclosed.
102. Prior to settlement, the broker discovers dry rot in the floor joists. The broker
should:
a. inform the seller only
b. inform the seller and the buyer
c. refund the purchaser's deposit
d. inform no one - ANSWER-102. B All parties to the contract must be informed of any
material defect; even if it discovered after the contract has been formed.
103. If a parcel of real estate is near a toxic waste site the agent would be obligated to:
a. conduct a phase one audit
b. do nothing, if he is not the buyer's agent
c. disclose the fact
d. disclose only if it is a superfund site. - ANSWER-103. C Environmental hazards are a
material fact that must be disclosed to all parties to the transaction.
104. Sue listed her house with a broker and told the broker that the house had termite
infestation and some structural damage, but the repairs had just been completed. The
broker is obligated to:
a. tell her not to tell other brokers showing the property
