Nevada State Law Real Estate Exam Questions & Answers 100% Correct.(VERIFIED By Experts)

A Seller's Real Property Disclosure document is required for all of the following properties except a(n): For sale by owner, new home, resale residence, or home the has been inspected by a certified home inspector. - ANSWER-A SRPD is not required on a new home sale. NRS 113.130 A Nevada licensee must give the Duties Owed by a Nevada Licensee form to prospective purchaser or tenants: - ANSWER-no later than the time of entering an agreement to purchase or lease. The licensing law of Nevada requires that the - ANSWER-broker, or the licensee acting on behalf of the broker, must disclose information that materially affects (material facts) regarding the property even when the buyer does not ask for it. these facts must be disclosed even if it negatively affects the seller or the future transaction. If a Nevada licensee tells the lender that the sales price on a property is something other than its actual sale price, the: - ANSWER-licensee can have their license suspended or revoked. NRS 645.635 states that the Commission can discipline a licensee for "representing to any lender, guaranteeing Nevada State Law Real Estate Exam Questions & Answers 100% Correct.(VERIFIED By Experts)