NV Real Estate Exam Review |GRADED A+| # Latest

NV Real Estate Exam Review
Agencyf-fcorrectfanswer✔ ✔ Relationshipfbetweenfthefprincipalf(client)fandfagent.



Businessf-fcorrectfanswer✔ ✔ Tangiblefassetsfoffanfexistingfenterprise.



DefinefBusinessfbroker:

Whatfarefthefrequirementsfforfafpermitf-fcorrectfanswer✔ ✔ REfbroker,fbroker-

salesman,forfsalesmanfwhofsellsfbusinesses.

-minimumf24fhoursfoffinstruction

-$40fpermit

-$75fexaminationffeef(mustfpassf75%)



Owner-Developerf-fcorrectfanswer✔ ✔ Ownsf5+fLotsfwithinfafsubdivision



RealfEstatefDivisionf-fcorrectfanswer✔ ✔

1.fThefREfDivisionfoffthefDepartmentfoffthefBusinessfIndustry

2.fRegulatesfREfPracticefinfNV

3.fAdministersfNRSf645

4.fNVfAttorneyfGeneralfactsfasfDivisionsfAttorney



CommissionfaccordingftofNRSf645f-fcorrectfanswer✔ ✔

RefersftofthefREfCommissionfinfNV

,1.f5fmembers,fmaximumf2ffromfsamefcounty

2.fUSfcitizens,fNVfresidentsf5fyrs

3.fMaximumf6fyrs

4.f2fmeetingsfperfyear

5.f$150fperfday



UsedfManufacturedforfMobilefHomef-fcorrectfanswer✔ ✔

1.fOccupiedfbeforeforfafterfthefsaleforflease

2.fOnlyfcanfsellfiffused



Administratorf-fcorrectfanswer✔ ✔ 1.fCEOfoffthefDivisionf-fheadsfDivision

2.fFTfemployeefoffstatefoffNV

3.fMustfnotfbefactivefREflicensee



Howfmuchfexperienceftimefisfneededftofobtainfafbrokersflicensefiffyoufwerefpreviouslyfouts

idefoffNevada?f-fcorrectfanswer✔ ✔

2foffthef4fimmediatefpreceedingfyearsfthefapplicantfwasfaffullftimefREflicensee



ActivefExperiencefaccordingftofNRSf645f-fcorrectfanswer✔ ✔

30hrsfperfweekfforfminf48fweeksfperfyear

, AdvisoryfCommitteef-fcorrectfanswer✔ ✔

EstablishedftofhelpfCommissionfhandlefanyfissuesftofcarryfoutftheflicenseflaws



Iffsomeonefhasfbeenfconvicted,fpleadfguiltyforfnofcontestfforfaffelony,ftheyfcannotfreceivefa

licensefuntil?f-fcorrectfanswer✔ ✔
f



3fyrsfafterfeitherfthefpersonfpaysfanyffine,forfparoleforfprobationfsentencefhasfexpired.



BrokerfLicensefEducationfRequirementsf-fcorrectfanswer✔ ✔

64fsemesterfunitsftotal,f45fsuffromfbelowf

-3fsufREflawf(18fhrs)

-3fsufprincipalsfoffRE

-9fsufREfappraisalf&fBusinessforfEconomics

-9fsufREfBusinessforfEconomics

-3fsufBrokerfManagement



Whenfmustfyoufreceivefpostflicensefeducation?fHowfmanyfhours?fHowfmanyfmodulesfmu

stfitfcontain?f-fcorrectfanswer✔ ✔ Withinftwofyears

30fhours

15fmodules



Howfmanyfhoursfisfrequiredfforfcontinuingfeducation?

Howfarefthosefhoursfbrokenfdown?f-fcorrectfanswer✔ ✔

24fhoursfforfcontinuingfeducationf-f12fspecified