Nevada real estate stuvia - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Nevada real estate stuvia? On this page you'll find 41 study documents about Nevada real estate stuvia.
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NV REAL ESTATE PRE-LICENSE EXAM 2023-2024 QUESTIONS & ANSWERS 100% SOLVED
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The Nevada legislation which sets forth the rights, obligations, and duties of the parties under most residential lease transactions is known as: - ANSWER-The Residential Landlord and Tenant Act. 
 
Which of the following lease types is the most common lease used in residential apartments or homes? - ANSWER-Gross lease 
 
A two-day stay in a hotel room can be considered: - ANSWER-An estate for years. 
 
A situation in which someone is both the tenant and the landlord to the same property occurs ...
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Nevada Real Estate Exam Prep (National Property Ownership) Questions & Answers (100% SOLVED)
- Exam (elaborations) • 4 pages • 2023
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. Real estate is BEST defined as: 
a. land and the air above it 
b. land, the air above it and everything above and below the ground 
c. land, the buildings on it and anything permanently attached to the land and/or buildings and all appurtenances 
d. land an all rights in the land - ANSWER-1. C Real estate is defined as: land plus improvements, buildings and other permanent attachments and appurtenances 
 
2. Physical characteristics of real estate include: 
a. indestructibility 
b. scarcity 
c...
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Nevada National Real Estate Exam| 115 Questions| Correct Answers| Verified!!
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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 Lease - ANSWER Fixed + % of profits ;; mall, retail spaces 
 
Ground Lease - ANSWER Long term land lease-- 99+ yr lead;; to build 
 
Leaseback - ANSWER Seller leases back after closing; model homes 
 
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Nevada Real Estate: Practice State Exam Corrections Questions & Answers 100% Solved
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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 has left ARM Realty and his license has been returned to the division. What maximum time...
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Nevada Real Estate Exam Prep (Mandated Disclosures) with Complete Solutions(SCORED A+)
- Exam (elaborations) • 4 pages • 2023
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100. A broker must NOT disclose to prospective buyer: 
a. about structural defects 
b. that zoning makes the present usage non-conforming 
c. that he has seen evidence of termites 
d. that the owner will accept less than the listing price - ANSWER-100. D When the broker represents the owner of the property objectives of the seller should not be disclosed. 
 
101. A real estate salesperson advised a prospective buyer that the property the buyer was considering was scheduled for annexation into th...
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Nevada State Law Real Estate Exam Questions and Answers 100% Correct(Solved By Experts)
- Exam (elaborations) • 2 pages • 2023
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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 ...
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Nevada Real Estate Exam Prep Correct Questions & Answers(Scored A+)
- Exam (elaborations) • 35 pages • 2023
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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, encumber) 
 
Physical characteristics of real estate - ANSWER immobility, indestructibility, heterogeneity 
 
Immobility - ANSWER Land cannot be moved from one site to another, its location is foreve...
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Nevada Real Estate Questions & Answers(graded A+)
- Exam (elaborations) • 5 pages • 2023
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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 - ANSWER what is the maximum liability of the ERRF for any individual person is... 
 
$25,000 - ANSWER what is the maximum amount, per judgment, that can be paid out of the ERRF?
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Nevada real estate law exam 3 Correct Questions And Answers!
- Exam (elaborations) • 9 pages • 2023
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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 commission have the right to revoke salespersons Stacy's license? - ANSWER Stacy deposited a buyer's down payment in her own bank account. 
 
Stacey commingled client funds with personal funds. This is...
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Nevada Real Estate Questions & Answers(graded A+)
- Exam (elaborations) • 5 pages • 2023
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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 - ANSWER what is the maximum liability of the ERRF for any individual person is... 
 
$25,000 - ANSWER what is the maximum amount, per judgment, that can be paid out of the ERRF? 
 
consent to act - ANSWER...
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