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Nevada Real Estate Questions & Answers(graded A+)

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Provide the buyer with a duties owed by a nevada licensee - ANSWER if an unrepresented buyer submits an offer directly to eh listing agent what must the agent provide? the sellers real property disclosure - ANSWER only the seller and the seller only can fill out what disclosure? $100,000 - ANSWER what is the maximum liability of the ERRF for any individual person is... $25,000 - ANSWER what is the maximum amount, per judgment, that can be paid out of the ERRF? consent to act - ANSWER state laws allows representation of multiple parties to a transaction, however what authorization is required before moving forward? duties owed - ANSWER disclosure of licensees duties to their clients and to all parties of the transaction is acknowledged by what state mandated disclosure? presenting all offers - ANSWER per nevada law, a seller may waive which one of these duties owed by a nevada licensee? the client - ANSWER per nevada law, a brokerage agreement is between the broker and who? initiated, signed, dated and timed - ANSWER per NRS 645, the duties owed by a nevada real estate licensee must be what? a duties owed signed by the buyer identifying the sellers as the brokers clients - ANSWER a licensee is representing a seller and the buyer is unrepresented. what must the file of the transaction include? t


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