Nevada state real estate final exam 2024 with correct Question and Answers

Nevada state real estate final exam 2024 with correct Question and Answers Partnership - One of the partners must be the Nevada Broker - Application must be verified by at least one member of the Partnership Corporation - One of the corporate members must be the Nevada Broker - Application must be verified by the President and Secretary Money needed to open a Nevada brokerage - Must prove there is enough money to run the Nevada Brokerage for 180 days - Money must be seasoned for 90 days: Seasoned means money must be verifiable for 90 days Location of brokerage office/ records - Nevada Brokerage must be zoned correctly in Nevada: If working out of a house, room or rooms set aside for real estate - Nevada Brokerage signage must be prominent, not necessarily dominant: If Nevada Brokerage in a free standing building: Signage at nearest street, sidewalk or highway. If in a commercial complex: Signage on marquee, reader board or directory. If NVRED wants proof of signage, send photograph Nevada brokerage must hang all Nevada licenses in: - Nevada Brokerage office - In a conspicuous place Nevada broker must keep all records: - Five years after close of escrow or last activity - This also includes: Any Nevada duties owed signed for any reason, Any Nevada unaccepted offers, Any Nevada transactions not consummated Nevada Broker must notify NVRED within how many days of any change of address 10 days A broker must display a copy of their license at Each branch office Nevada Brokerage should have fair housing poster to give prima facie evidence: - Nevada Brokerage will not discriminate against: Race Religion Color National origin Sex Familial status Handicap A Nevada Broker may operate two different Nevada Brokerages: - May be in the same office - Must have separate signage for each Nevada Brokerage - Must keep two separate Nevada Brokerage files on each Nevada Brokerage: Must be numbered consecutively or; Indexed, Must be open for inspection by NVRED or NVREDA, All Nevada records must be kept in Nevada, Nevada records may NOT be moved without NVRED permission 10 days prior to moving - Must pay two separate NVB license fees - Must pay two separate NVERRF fees - If problem involving NVERRF: NVERRF goes into a class action suit, Outcome of the NVERRF affects both NVB licenses Property management education 24 hours of classroom instruction only, no home study Property management testing - Pass a NV Testing Center 50 question Nevada state test with a 75% or better: One hour to complete - $75 test fee each test attempt Once property management permit obtained: - You must work under a NVB who holds a NVPMP or; a designated