PACKAGE DEAL FOR Nevada Real Estate State Correct Questions & Answers(Graded A+)COMPLETE FULL PACK SOLUTIONSPACKAGE DEAL FOR Nevada Real Estate State Correct Questions & Answers(Graded A+)COMPLETE FULL PACK SOLUTIONSPACKAGE DEAL FOR Nevada Real Estate State Correct Questions & Answers(Graded A+)COM...
[Show more]
Agency - ANSWER Relationship between the principal (client) and agent. Business - ANSWER Tangible assets of an existing enterprise. Define Business broker: What are the requirements for a permit - ANSWER RE broker, broker-salesman, or salesman who sells businesses. -minimum 24 hours of instr...
Preview 2 out of 8 pages
Add to cartAgency - ANSWER Relationship between the principal (client) and agent. Business - ANSWER Tangible assets of an existing enterprise. Define Business broker: What are the requirements for a permit - ANSWER RE broker, broker-salesman, or salesman who sells businesses. -minimum 24 hours of instr...
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 c...
Preview 2 out of 6 pages
Add to cartAfter 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 c...
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 ...
Preview 3 out of 22 pages
Add to cart1. 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 ...
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 ...
Preview 3 out of 24 pages
Add to cartNevada 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 ...
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 Embezzlem...
Preview 1 out of 3 pages
Add to cartThe 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 Embezzlem...
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 Assigne...
Preview 1 out of 4 pages
Add to cartOne 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 Assigne...
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 L...
Preview 2 out of 10 pages
Add to cartAmortized 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 L...
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...
Preview 1 out of 3 pages
Add to cartNevada 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...
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 accounta...
Preview 2 out of 5 pages
Add to cart74. 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 accounta...
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,...
Preview 4 out of 35 pages
Add to cartLand - 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,...
The Uniform Vendor and Purchaser Risk Act refers to what relationship? - ANSWER The vendor and vendee Prior to difference between vendor and vendee - ANSWER vendor=seller in land contract purchase vendee= buyer in land contract purchase closing an escrow or signing of NV sales contract, you m...
Preview 2 out of 6 pages
Add to cartThe Uniform Vendor and Purchaser Risk Act refers to what relationship? - ANSWER The vendor and vendee Prior to difference between vendor and vendee - ANSWER vendor=seller in land contract purchase vendee= buyer in land contract purchase closing an escrow or signing of NV sales contract, you m...
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 licens...
Preview 1 out of 3 pages
Add to cartwho 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 licens...
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 - ANS...
Preview 2 out of 5 pages
Add to cartProvide 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 - ANS...
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? $100,000 - ANSWER what is the maximum liability of the ERRF for any individual person is.. the sellers real property disclosure -...
Preview 2 out of 5 pages
Add to cartProvide 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? $100,000 - ANSWER what is the maximum liability of the ERRF for any individual person is.. the sellers real property disclosure -...
How many hours do you need to renew your salesperson license the second time? - ANSWER A total of 24 hours is required, including 12 hours live classroom of 3 hours each contracts, agency, Nevada law and ethics. The remaining 12 hours may be by correspondence in general studies. When does the com...
Preview 2 out of 9 pages
Add to cartHow many hours do you need to renew your salesperson license the second time? - ANSWER A total of 24 hours is required, including 12 hours live classroom of 3 hours each contracts, agency, Nevada law and ethics. The remaining 12 hours may be by correspondence in general studies. When does the com...
A Seller's Real Property Disclosure document required for all of the following properties EXCEPT a(n): - ANSWER New home. A Nevada licensee must give the Duties Owed by a Nevada Licensee form to prospective purchasers or tenants: - ANSWER no later than the time of entering an agreement to purcha...
Preview 2 out of 7 pages
Add to cartA Seller's Real Property Disclosure document required for all of the following properties EXCEPT a(n): - ANSWER New home. A Nevada licensee must give the Duties Owed by a Nevada Licensee form to prospective purchasers or tenants: - ANSWER no later than the time of entering an agreement to purcha...
an unrepresented buyer submits an offer directly to the listing agent the agent must - ANSWER Provide the buyer a Duties Owed by a Nevada licensee Only the seller can fill out - ANSWER The SRPD The maximum liability of ERRF for an individual person is - ANSWER 100,000 What is the maximum am...
Preview 2 out of 9 pages
Add to cartan unrepresented buyer submits an offer directly to the listing agent the agent must - ANSWER Provide the buyer a Duties Owed by a Nevada licensee Only the seller can fill out - ANSWER The SRPD The maximum liability of ERRF for an individual person is - ANSWER 100,000 What is the maximum am...
Nevada Sales Person - ANSWER 90 Hours of Instructions, Break down (45 hours of law) (45 hours of Principles) Nevada Broker/ Broker-Salesperson Education Requirements (Broker & Sales Person - ANSWER Pass Broker Exam, 64 Collage Units, 2 years full time experience = 16 college units Broker ONLY ...
Preview 2 out of 9 pages
Add to cartNevada Sales Person - ANSWER 90 Hours of Instructions, Break down (45 hours of law) (45 hours of Principles) Nevada Broker/ Broker-Salesperson Education Requirements (Broker & Sales Person - ANSWER Pass Broker Exam, 64 Collage Units, 2 years full time experience = 16 college units Broker ONLY ...
She may not be actively licensed. - ANSWERBroker Wilkins recently closed her office and went to work for the Division as the Deputy Administrator. What limitation is placed on Wilkins? Be a single agent of the seller. - ANSWERAgent Becker of 20/20 Realty listed and sold the Franklin home in 2004....
Preview 2 out of 7 pages
Add to cartShe may not be actively licensed. - ANSWERBroker Wilkins recently closed her office and went to work for the Division as the Deputy Administrator. What limitation is placed on Wilkins? Be a single agent of the seller. - ANSWERAgent Becker of 20/20 Realty listed and sold the Franklin home in 2004....
The broker must retain copies of all paperwork, including rejected offers, for how many years? - ANSWER 5 A Salesperson has assisted a buyer in purchasing a 'For Sale by Owner'. The seller has agreed to pay the buyer's agent's commission from the proceeds of the sale. The Salesperson tells th...
Preview 2 out of 5 pages
Add to cartThe broker must retain copies of all paperwork, including rejected offers, for how many years? - ANSWER 5 A Salesperson has assisted a buyer in purchasing a 'For Sale by Owner'. The seller has agreed to pay the buyer's agent's commission from the proceeds of the sale. The Salesperson tells th...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller shantelleG. Stuvia facilitates payment to the seller.
No, you only buy these notes for $48.29. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
87637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now