Nevada state real estate law Questions With Complete Solutions

Nevada state real estate law Questions
With Complete Solutions
Nevada real estate division - Correct Answers ✅Principle
office in south (las vegas)
Branch office in north (carson city)


Requirements for Nevada real estate division employees -
Correct Answers ✅Cannot have NV real license


What nv real estate records are available to the public? -
Correct Answers ✅All records held at the division are open
to the public... except broker sales persons exam scores,
criminal records of agent unless court ordered


What are the duties of NV real estate division? - Correct
Answers ✅1.Issuing and renewing NV licenses.
2.Collecting fines against licensees.
3.Investigating NV real property activities against licensees
when warranted.
4. Checking brokers and owner developers offices when
warranted.


3 different kinds of agencies - Correct Answers ✅1. Single
agent
2.Assigned
3.licensee acting for both parties

, Nevada state real estate law Questions
With Complete Solutions
What does NVRED stand for? - Correct Answers ✅Nevada
real estate division.


Who helps the NVRD? - Correct Answers ✅The NV attorney
general acts as advisor.
The attorney general will defend the NVRD against any action
brought against it.


Where are Nevada licensees fees, penalties and charges
placed? - Correct Answers ✅The Nevada state general
fund EXPECT for :
1. Sales and publications of various forms and NRS/NAC
regulations.
2. Examinations.
3. NVERRF funds collected from Nevada licensees and
brokers.


What does NRS stand for? - Correct Answers ✅Nevada
revised statutes


What does NAC stand for? - Correct Answers ✅Nevada
administrative code


What does NVERRF stand for? - Correct Answers ✅Nevada
education, research and recovery fund