Nv state real estate Study guides, Class notes & Summaries

Nevada Real Estate State Questions and Answers Rated A+ Nevada BROKER salesperson/BROKER education - 90 hours of instruction which includes: 45 hours of law, 45 hours of principles Broker testing - 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...

NV STATE REAL ESTATE SALESPERSON EXAM QUESTIONS WITH CORRECT ANSWERS Recording or causing a recorded claim that is determined by the court to be frivolous and made without reasonable cause. - Answer-is a violation of NRS 645.633 Offering real estate for sale or lease without the knowledge and consent of the owner's authorized agent or on terms other than those authorized by the owner or the owner's authorized agent. - Answer-is a violation of NRS 645.635 Negotiating a sale, exchange o...

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...

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...

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 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 test...

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 calculating the pro-rations between the buyer and seller,...

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. 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 b 3. In NV, who is responsible prior to closing for calculating the pro-rations between the buyer and sell...

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

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