Nevada subdivision - Study guides, Class notes & Summaries

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 Division - Answer 1. The RE Division of the Department of the Bus...

Broker must maintain an office that is: - Answer -Easily accessible to the public. -In a private room/separate room for real estate business. -Sign must be posted with the name of the broker clearly displayed - visible from nearest sidewalk, street, or highway. -If in office building, brokers sign must be on directory or on outside of building. Broker licensed in NV but who maintains an active license in another state, must..... - Answer maintain and operate a NV office. Broker must no...

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 Division - Answer 1. The RE Division of the Department of the Bus...

Nevada National Real Estate Exam Questions and Answers 100% Pass Property owned by all owners of a condominium and available for their use are: - Answer- common areas A park has been created by the city to separate a shopping center from a residential subdivision. The park would be considered a(n): - Answer- buffer zone. Mr. Smith and Mr. Jones acquire property together, each owning ½ of the property with no right of survivorship. The men hold title to the property as: - Answer- tenants ...

Sally, a California notary, is asked to notarize a document, but upon review, she notices she cannot stamp her notary seal onto the document. What is the document Sally is asked to Notarize - Answer- California Subdivision Map The California Notary's stamp does not include. - Answer- The county of Notary's residence. Fred met his brother Steve, a California notary, to have his Grand Deed notarized for his and his wife's property in Mexico. Fred came alone, even though both he and his wi...

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...

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 a...

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, o...

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. - Aa 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 - Ab 3. In NV, who is responsible prior to closing for calculating the pro-rations between the buyer and seller, ordering the ...

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...