Nevada subdivision - Study guides, Class notes & Summaries

NV Real Estate Exam Review Questions and Answers 100% Pass 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 instruction -$40 permit -$75 examination fee (must pass 75%) Owner-Developer - Answer- Owns 5+ Lots within a subdivision Real Estate Divisio...

Is it permissible to advertise real estate associated services or products in California without a California real estate license? - Answer Yes, as long as the products or services do not include any actions for which a California real estate license is required. Which regulation or section(s) apply to the use of the Internet for advertising in California? - Answer Commission's Regulation 2770-- sets forth regulations regarding both advertising and doing real estate business over the Interne...

Nevada Real Estate Exam 1 Questions and Answers 100% Pass A legal description using markers or monuments and ending at the same point as it began is: - Answer- Metes and Bounds description property obtained during the course of the marriage - Answer- Community Property Property owned by all owners of a condominium and available for use by them is - Answer- Common Area A park has been created by the city to separate a shopping center from a residential subdivision. The park would be a - A...

A Nevada broker, Jim Johns, was killed in a car accident and all of his 42 agents licenses went inactive immediately, why? - Answer Jim was a Sole Proprietor A licensed real estate agent, Barry Bat, got $5000 in cash on 7/10/04, at 1:30 P.M. from Alice Amos, Barry must: - Answer Nevada law requires by the end of the next business day. None of the answers are defined enough and leave ambiguity. Jim Jones took a listing for his brokerage, Beth Realty. Jim had to appear before the NVREC becau...

She may not be actively licensed. - answer-Broker 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. - answer-Agent Becker of 20/20 Realty listed and sold the Franklin home in 2004. In 2015, Becker has a listing on which Franklin wants to make an offer. Franklins agent, affiliated with gold realty, writes the offer and presents it through Becker, Becker Should... No, Caulfi...

A Nevada broker, Jim Johns, was killed in a car accident and all of his 42 agents licenses went inactive immediately, why? - Answer Jim was a Sole Proprietor A licensed real estate agent, Barry Bat, got $5000 in cash on 7/10/04, at 1:30 P.M. from Alice Amos, Barry must: - Answer Nevada law requires by the end of the next business day. None of the answers are defined enough and leave ambiguity. Jim Jones took a listing for his brokerage, Beth Realty. Jim had to appear before the NVREC becau...

Nevada Real Estate chap 3 Exam Questions and Answers 100% Pass When a recovery payment is made from the Fund, the maximum payment allowed per judgment is: - Answer- $25,000 An owner-developer is a licensed building contractor who owns a minimum of how many lots within a recorded subdivision (on the each of which there is a previously unsold, single-family home)? - Answer- 5 The Commission will not approve more than how many full hours of credit per day for a CE course if a final exam is ...

Nevada Real Estate: Practice State Exam Corrections Questions and Answers 100% Pass 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 Embezzlement - Answer- Theft or misappropriation of funds placed in one's trust or belonging to one's employer Jones...

Nevada Real Estate Exam 1 Questions and Answers 100% Pass A legal description using markers or monuments and ending at the same point as it began is: - Answer- Metes and Bounds description property obtained during the course of the marriage - Answer- Community Property Property owned by all owners of a condominium and available for use by them is - Answer- Common Area A park has been created by the city to separate a shopping center from a residential subdivision. The park would be a - A...

Which date is the beginning of the commissions fiscal year? - Answer July 1 Which of the following is not a requirement to qualify for the position of commissioner in Nevada? - Answer Must never have been actively engaged in real estate business Under normal circumstances, what is the maximum number of years a commissioner may serve? - Answer 6 years According to the Nevada administrative code students must receive how many credit hours of real estate education in the Nevada salesperson...