NV Real Estate State Exam Questions & Answers. (100% SOLVED)

CIC association documents are supplied by - ANSWER-The association within 10 days of request for a reasonable fee When must a salesperson turn a transaction file to his/her broker? - ANSWER-Within 5 days of an accepted contract Net Listing Agreement - ANSWER-A contract between a seller of real estate and a real estate broker in which the broker is paid as a commission the amount the sale price exceeds the price set by the seller. Legal in Nevada Unilateral Contract - ANSWER-A contract that results when an offer can be accepted only by the offeree's performance/promise; lease option contract NV associate broker is - ANSWER-A natural persons and is not a partnership NV trust accounts - ANSWER-A nv broker with out a property management permit is not required to have a NV trust account. Deposits still must be made "in trust" by brokers when holding principal money. Guaranteeing a profit from the resale of property - ANSWER-Illegal