Mastersgrade

Provide the buyer with a duties owed by a nevada licensee - ANSWER if an unrepresented buyer submits an offer directly to eh listing agent what must the agent provide? the sellers real property disclosure - ANSWER only the seller and the seller only can fill out what disclosure? $100,000 - ANSWER what is the maximum liability of the ERRF for any individual person is... $25,000 - ANSWER what is the maximum amount, per judgment, that can be paid out of the ERRF?

Provide the buyer with a duties owed by a nevada licensee - ANSWER if an unrepresented buyer submits an offer directly to eh listing agent what must the agent provide? the sellers real property disclosure - ANSWER only the seller and the seller only can fill out what disclosure? $100,000 - ANSWER what is the maximum liability of the ERRF for any individual person is... $25,000 - ANSWER what is the maximum amount, per judgment, that can be paid out of the ERRF? consent to act - ANSWER...

who CANNOT have a NV real estate license or personal / financial interst in NV real estate company - ANSWER NVRED / NVREDA Whats NOT open to the public? - ANSWER Broker/brokersalperson exam, criminal and financial records NVRED duties? (4) - ANSWER customer service issuing and renewing license investigation checking NV brokers office Who helps NVRED? - ANSWER The Attorney General Where Are NV Licensee's Fees, penalties & charges Placed? - ANSWER Nevada State General Fund What...

The Uniform Vendor and Purchaser Risk Act refers to what relationship? - ANSWER The vendor and vendee difference between vendor and vendee - ANSWER vendor=seller in land contract purchase vendee= buyer in land contract purchase Prior to closing an escrow or signing of NV sales contract, you must be notified of the zoning - ANSWER true A NV gaming overlay map is REQUIRED to be given to all new home sales - ANSWER false. Only new home sales in a county of 700,000 + Home developers mu...

Land - ANSWER Surface, all natural things attached to it, subsurface, and air above the surface. Real Estate - ANSWER land plus manmade permanent attatchments Real property - ANSWER Real estate plus "bundle of legal rights" Bundle of Rights - ANSWER PUTEE (possess, use, transfer, exclude, encumber) Physical characteristics of real estate - ANSWER immobility, indestructibility, heterogeneity Immobility - ANSWER Land cannot be moved from one site to another, its location is foreve...

74. A broker's fiduciary duty to a client includes all EXCEPT: a. sell his property b. care and diligence c. loyalty d. confidentiality - ANSWER 74. A The six components of a broker's fiduciary duty are loyalty, obedience, disclosure, confidentiality, reasonable care and diligence and accountability. 75. In a sub agency, the selling salesperson is responsible to the: a. seller b. buyer c. listing broker d. selling broker - ANSWER 75. D The salesperson is a subagent of the employing ...

Nevada real estate division - ANSWER Principle office in south (las vegas) Branch office in north (carson city) Requirements for Nevada real estate division employees - ANSWER Cannot have NV real license What nv real estate records are available to the public? - ANSWER 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? - ANSWER 1.Issuing and re...

Amortized Loans - ANSWER Constant payment including principle and interest until paid off Conventional Loan - ANSWER No government back; private Gross Lease - ANSWER Fixed amount- Residential rental Net Lease - ANSWER Fixed plus maintenance; Triple Net = tax & insurance also Percentage Lease - ANSWER Fixed + % of profits ;; mall, retail spaces Ground Lease - ANSWER Long term land lease-- 99+ yr lead;; to build Leaseback - ANSWER Seller leases back after closing; model homes ...

One act makes you a realtor- - ANSWER Any person, company, corporation acting as a realtor will be prosecuted by the Attorney General of the county were the act occurred Dual Agency- - ANSWER now known as Multiple Agency. Old common law where one agent represented both buyer and seller Assigned Agency - ANSWER happens when two agents working for the same broker, represent different parties in the same transaction. Agents - ANSWER Cannot disclose personal information for one year after c...

The following would likely disqualify Smith from receiving a license - ANSWER Being delinquent in child support obligations, having had her license suspended, but not revoked in Arizona 4 years ago, having pled guilty to engaging in the real estate business without a real estate license Embezzlement - ANSWER Theft or misappropriation of funds placed in one's trust or belonging to one's employer Jones has left ARM Realty and his license has been returned to the division. What maximum time...

Nevada BROKER salesperson/BROKER education - ANSWER - 90 hours of instruction which includes: 45 hours of law, 45 hours of principles Broker testing - ANSWER - Pass a NV Testing Center 50 question Nevada State Brokers test with a 75% or better: One hour to complete - Pass a NV Testing Center 80 question Nevada National Brokers test with a 75% or better: Two hours to complete - Cost of Examination: $100 for both tests when taken at the same time, $100 each if Nevada State and National tests ...

1. How much time is given to pass the NV salesperson exam? - ANSWER 4 hours - 240 minutes or 4 hours total 2. How many continuing education hours are required? - ANSWER 24 hours - State of NV requires salesperson to complete 24-hours of continuing education every 2 years in each 4 year licensing term 3. In order to obtain a NV real estate license you must have a HS diploma? - ANSWER True - you must have a HS diploma or equivalent 4. How often must you renew your sales agent license? - A...

After the collection of the advance fee, when should it be itemized and accounted for? - ANSWER 3 months What must one have in order to collect an advance fee? - ANSWER A real estate license. How many days for broker to refund buyers on land purchase? - ANSWER 15 day Public offerings must contain this warning - ANSWER Read report before signing any paper Real Estate Commission members must be appointed by the - ANSWER Governor. Duty of Real Estate Commission is - ANSWER to adopt r...

Do not worship any other gods Do not make any idols Do not use the lords name in vain Keep the Sabbath day holy Honor your mother and father Do not murder Do not commit adultery Do not steal Do not lie Do not covet - ANSWER Briefly list the commandments. The first four commandments are more centered around bringing glory and honor to god. That last six focuses more on wordily aspects that we should focus on. - ANSWER How do the first four commandments differ from the last six? ...

Most views of truth recognize the truth is discerned through: - ANSWER Evidence, reason, and experience - ANSWER Jesus provides the only path to God Friedrich Nietzsche had his own view of truth, saying "There is no truth, only.., - ANSWER Interpretations Jesus said that the two greatest commandments are... - ANSWER Love God with all your heart and love your neighbor as yourself What statement would be most consistent with a pantheistic approach to truth? - ANSWER Truth and meaning...

How do the first four commandments differ from the last six? - ANSWER The first four commandments are about our Lord and what we should and should not do, whereas the last six are commandments in which we should not do with ourselves. Briefly list the commandments. - ANSWER You shall not have any other God, do not worship other idols, don't misuse the Lord's name, Keep the Sabbath Day holy, honor your father and mother, do not murder, do not commit adultery, do not steal, do not give false ...

Friedrich Nietzsche had his own view of truth, saying, "There is no truth, only ________" - ANSWER Interpretations What is special revelation? - ANSWER God revealing himself specifically through the Bible, the person of Jesus Christ, and through prayer. According to the Christian Worldview, a lot of suffering happens because God's attention is occupied elsewhere, and he is not able to take care of every individual's problems. - ANSWER False In Raphael's famous painting, School of A...

Briefly list the Ten Commandments. - ANSWER1) No other gods before God 2) no idols 3) don't take the Lord's name in vain 4) Remember the Sabbath and keep it holy 5) Honor your father and mother 6) don't murder 7) no adultery 8) do not steal 9) do not bear false witness 10) do not covet your neighbor How do the first four commandments differ from the last six? - ANSWERThe first four commandments pertain to our relationship with God and the last 6 deal with our relationship with oth...

According to the Christian worldview, since this is God's universe and God is good, God can do what He wants and is not obligated to explain Himself to humanity. - ANSWER True Jesus said that the two great commandments were which of the following - ANSWER Love God with all your heart and love your neighbor as yourself How do the first four of the Ten Commandments differ from the last six? - ANSWER The first four describe duty to God, the last six describe duty to man The Sermon on the ...

Psalm 111:10 - ANSWER The fear of the LORD is the beginning of wisdom; all those who practice it have a good understanding. His praise endures forever! Colossians 1:16-17 - ANSWER For by him all things were created, in heaven and on earth, visible and invisible, whether thrones or dominions or rulers or authorities—all things were created through him and for him. And he is before all things, and in him all things hold together. Romans 3:23 - ANSWER for all have sinned and fall short of t...