Nevada Exam Questions and Answers Already Passed

Nevada Exam Questions and Answers Already Passed an unrepresented buyer submits an offer directly to the listing agent the agent must Provide the buyer a Duties Owed by a Nevada licensee Only the seller can fill out The SRPD The maximum liability of ERRF for an individual person is 100,000 What is the maximum amount per judgement that can be paid out of the Errf 25,000 State law allows representation of multiple parties to a transaction, however what authorization is required before moving forward Consent to act Disclosure of a licensee's duties to their clients and to all parties of the transaction is acknowledged by what state mandated disclosure Duties owed Per Nevada Law a seller may waive which one of these duties owed by a NV licensee Presenting all offers A brokerage agreement is between the broker and the client Per NRS 645 the duties owed by a Nevada licensee must be initialed, dates, timed, and signed A licensee is representing a seller and the buyer is unrepresented. The file of the transaction must include a duties owed signed by the buyer identifying the sellers as the broker's clients. while representing a client in a transaction which is an example of a duty owed to inform the client if they are principal to the transaction NRS 119B governs the sale of campground memberships. while advertising it would not be false or misleading to advertise memberships for pre sales that are not yet available for use. Being an independent contractor is distinguished by all paid vacations Nrs 645 was adopted to protect the public practicing real estate in the state of Nevada without a license is a violation of law and yields a 5000 fine as a Nevada licensee a salesperson may only engage in sales as a independent contractor agency is defined as the relationship between a client and a broker arising from written agreement