Nevada real estate Study guides, Class notes & Summaries

Nevada Real Estate Exam Prep (Laws of Agency)- Actual Nevada Real Estate Exam Question with Answers and Explanations. Multiple Choice National and Nevada SpecificNevada Real Estate Exam Prep (Laws of Agency)- Actual Nevada Real Estate Exam Question with Answers and Explanations. Multiple Choice National and Nevada SpecificNevada Real Estate Exam Prep (Laws of Agency)- Actual Nevada Real Estate Exam Question with Answers and Explanations. Multiple Choice National and Nevada Specific 74. A broker...

Nevada Real Estate Exam Prep (Mandated Disclosures) Questions and Answers Already Passed 100. A broker must NOT disclose to prospective buyer: a. about structural defects b. that zoning makes the present usage non-conforming c. that he has seen evidence of termites d. that the owner will accept less than the listing price 100. D When the broker represents the owner of the property objectives of the seller should not be disclosed. 101. A real estate salesperson advised a prospect...

Nevada Real Estate Salesperson State Questions with 100% Correct Answers A Seller's Real Property Disclosure document is required for all the following properties, EXCEPT a(n): a) For Sale by Owner b) New Home c) Resale d) Home that has been inspected by a certified home inspector - Answer- b (New Home) A Nevada licensee must give the Duties Owed by a Nevada licensee form to prospective purchasers/tenants: a) before they are shown any properties b) at an open house c) at the close ...

1. How much time is given to pass the NV salesperson exam? - 4 hours - 240 minutes or 4 hours total 2. How many continuing education hours are required? - 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? - True - you must have a HS diploma or equivalent 4. How often must you renew your sales agent license? - Every 2 years - NV salespe...

Nevada Real Estate Exam Prep (Mandated Disclosures) Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

Nevada Real Estate Exam Questions and Answers 100% Pass 1. What is the minimum balance of the real estate education, research, and recovery fund? A) $300,000. B) $100,000. C) $250,000. D) $500,000. - Answer- a 2. How long after the signing of a contract for the purchase of a lot in NV or anywhere else may the purchaser cancel the transaction? A) 24 hours B) within five calendar days C) five business days D) or one week - Answer- b 3. In NV, who is responsible prior to closing for c...

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...

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 ...

Nevada Real Estate: Practice State Exam Corrections 100% Pass The following would likely disqualify Smith from receiving a license 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 Theft or misappropriation of funds placed in one's trust or belonging to one's employer Jones has left ARM Realty and his license...