NV Real Estate Law Questions with Complete Solutions (Latest 2025)

NV Real Estate Law Questions with
Complete Solutions (Latest 2025)
who CANNOT have a NV real estate license or personal /
financial interst in NV real estate company - Correct
Answers ✅NVRED / NVREDA


Whats NOT open to the public? - Correct Answers
✅Broker/brokersalperson exam, criminal and financial
records


NVRED duties? (4) - Correct Answers ✅customer service
issuing and renewing license
investigation
checking NV brokers office


Who helps NVRED? - Correct Answers ✅The Attorney
General


Where Are NV Licensee's Fees, penalties & charges Placed? -
Correct Answers ✅Nevada State General Fund


What does NOT go into NV State General Fund (3) - Correct
Answers ✅NRS/NAC regulations
Examinations
NVERRF funds collected from Nevada licensees and Nevada
brokers

, NV Real Estate Law Questions with
Complete Solutions (Latest 2025)
When a consumer complains... - Correct Answers ✅They
must bring a written statement of fact


If not a NV licensee - Correct Answers ✅turns over to
District Attorney, if guilty - felony D


If a NV licensee - Correct Answers ✅set up a hearing with
NVREC within 90 days


penalties against NV licensee - Correct Answers ✅not more
than $10,00 per offense


who appoints NVREDA - Correct Answers ✅NVDBI


NVREDA should have a strong background in _________ -
Correct Answers ✅in real estate principles and practices,
real estate agency laws


NVREDA duties - Correct Answers ✅investigates
setup hearing for NV licensee with NVREC
set up hearing for non NV licensee with District attorney
check NV brokerage office when warranted
issues fine from $100- $1000