Nevada State Law Real Estate Exam
Questions and Answers 100% Correct.
(Solved By Experts)
A Seller's Real Property Disclosure document is required for all of the following
properties except a(n): For sale by owner, new home, resale residence, or home the
has been inspected by a certified home inspector. - ANSWER-A SRPD is not required
on a new home sale. NRS 113.130
A Nevada licensee must give the Duties Owed by a Nevada Licensee form to
prospective purchaser 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, or the licensee acting
on behalf of the broker, must disclose information that materially affects (material facts)
regarding the property even when the buyer does not ask for it. these facts must be
disclosed even if it negatively affects the seller or the future transaction.
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 their license
suspended or revoked.
NRS 645.635 states that the Commission can discipline a licensee for "representing to
any lender, guaranteeing agency or any other interested party, verbally or through the
preparation of false documents, an amount in excess of the actual sale of the actual
sale price the real estate or terms differing from those actually agreed upon."
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 referral 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.
A broker could receive a referral fee from the pest company if it is disclosed to all
parties, but a salesperson or broker-salesperson may not. A salesperson or broker-
salesperson may only be compensated by the employing broker. NRS 645.633
All of the following are grounds for disciplinary action EXCEPT a licensee:
-trying to negotiate a sale of property directly with an owner while that owner is currently
exclusively listed with another broker.
-giving information on a rental to a tenant without the landlord's permission.
-refusing to write a low offer that the licensee knows will not be accepted.
Questions and Answers 100% Correct.
(Solved By Experts)
A Seller's Real Property Disclosure document is required for all of the following
properties except a(n): For sale by owner, new home, resale residence, or home the
has been inspected by a certified home inspector. - ANSWER-A SRPD is not required
on a new home sale. NRS 113.130
A Nevada licensee must give the Duties Owed by a Nevada Licensee form to
prospective purchaser 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, or the licensee acting
on behalf of the broker, must disclose information that materially affects (material facts)
regarding the property even when the buyer does not ask for it. these facts must be
disclosed even if it negatively affects the seller or the future transaction.
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 their license
suspended or revoked.
NRS 645.635 states that the Commission can discipline a licensee for "representing to
any lender, guaranteeing agency or any other interested party, verbally or through the
preparation of false documents, an amount in excess of the actual sale of the actual
sale price the real estate or terms differing from those actually agreed upon."
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 referral 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.
A broker could receive a referral fee from the pest company if it is disclosed to all
parties, but a salesperson or broker-salesperson may not. A salesperson or broker-
salesperson may only be compensated by the employing broker. NRS 645.633
All of the following are grounds for disciplinary action EXCEPT a licensee:
-trying to negotiate a sale of property directly with an owner while that owner is currently
exclusively listed with another broker.
-giving information on a rental to a tenant without the landlord's permission.
-refusing to write a low offer that the licensee knows will not be accepted.
