Key Realty Revision Exam Questions With All Verified Solutions.
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Course
Nevada Timeshare
Institution
Nevada Timeshare
What is the smallest saleable portion of a Nevada subdivision called: - Answer Unit
Which of the following are required of deeds to be enforceable: - Answer must have the grantors signature
Personal property could be: - Answer emblements: aka crops
Real property is: - Answer tr...
Key Realty Revision Exam Questions
With All Verified Solutions.
What is the smallest saleable portion of a Nevada subdivision called: - Answer Unit
Which of the following are required of deeds to be enforceable: - Answer must have the grantors
signature
Personal property could be: - Answer emblements: aka crops
Real property is: - Answer transferred by deed
What is it called when the government gives a parcel of real property back to a private citizen: - Answer
Cloud?
A chain of title: - Answer Lists all grantors and grantees of the realty since the patent
A grantor is: - Answer person transferring real property
Consideration is: - Answer money or valuables
Emblements are: - Answer Annually cultivated crops, attached to the land, and are personal property.
A fixture is: - Answer Attached to property and becomes real property
Dower and curtsey are: - Answer freehold estates that deal with legal-life
A legal way to own real property would be: - Answer through freehold or leasehold
, A piece of Nevada real property sold for $125,500 and the rate of commission was 6 percent. If the
salesperson received $2,484.90, what percentage of the 6 percent commission was he paid? - Answer
19%
I used multiplication to find answer:
Step 1: multiply 125,500 by 6 percent to get totally commission
= 7,530
Step 2: We want to know the difference in salesperson receivable and total:
7,530-2484.90= 5,045.1
Step 3: what's the percentage difference?
well we know its well under answers b and d so lets narrow down to A & c 19% or 33%
Answer =19%
What is the Nevada licensed person who signed a duties owed with a client called: - Answer
The following are true about Nevada real estate licensing except: - Answer
The Nevada broker must turn over earnest money to: - Answer
A concealment of material fact is called: - Answer fraud
What is one of the ways to terminate a listing agreement: - Answer expiration of listing
Who retains legal title of real property in an installment contract: - Answer vendor; which is usually
seller
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