Nv real estate law - Study guides, Class notes & Summaries

Nevada Exam Questions and Answers Already Passed an unrepresented buyer submits an offer directly to the listing agent the agent must Provide the buyer a Duties Owed by a Nevada licensee Only the seller can fill out The SRPD The maximum liability of ERRF for an individual person is 100,000 What is the maximum amount per judgement that can be paid out of the Errf 25,000 State law allows representation of multiple parties to a transaction, however what authorization is required...

1. How much time is given to pass the NV salesperson exam? - ANSWER 4 hours - 240 minutes or 4 hours total 2. How many continuing education hours are required? - ANSWER 24 hours - State of NV requires salesperson to complete 24-hours of continuing education every 2 years in each 4 year licensing term 3. In order to obtain a NV real estate license you must have a HS diploma? - ANSWER True - you must have a HS diploma or equivalent 4. How often must you renew your sales agent license? - A...

1. How much time is given to pass the NV salesperson exam? - 4 hours - 240 minutes or 4 hours total 2. How many continuing education hours are required? - 24 hours - State of NV requires salesperson to complete 24-hours of continuing education every 2 years in each 4 year licensing term 3. In order to obtain a NV real estate license you must have a HS diploma? - True - you must have a HS diploma or equivalent 4. How often must you renew your sales agent license? - Every 2 years - NV sal...

Nevada Exam Questions with 100% Correct Answers an unrepresented buyer submits an offer directly to the listing agent the agent must - Answer- Provide the buyer a Duties Owed by a Nevada licensee Only the seller can fill out - Answer- The SRPD The maximum liability of ERRF for an individual person is - Answer- 100,000 What is the maximum amount per judgement that can be paid out of the Errf - Answer- 25,000 State law allows representation of multiple parties to a transaction, however what...

Nevada BROKER salesperson/BROKER education - ANSWER-- 90 hours of instruction which includes: 45 hours of law, 45 hours of principles Broker testing - ANSWER-- Pass a NV Testing Center 50 question Nevada State Brokers test with a 75% or better: One hour to complete - Pass a NV Testing Center 80 question Nevada National Brokers test with a 75% or better: Two hours to complete - Cost of Examination: $100 for both tests when taken at the same time, $100 each if Nevada State and National tests ...

3 systems of government - Answer-unitary, confederate, federal Federal system of government - Answer-divides power between a national government and state governments (used by United States) Unitary system of government - Answer-power is concentrated in a central government Confederation system of government - Answer-regional government retains autonomy and cantral government gets its authority from regional government Sovereignty - Answer-Ultimate governing quthority of a particular geogr...

Nevada Exam Questions with 100% Correct Answers an unrepresented buyer submits an offer directly to the listing agent the agent must - Answer- Provide the buyer a Duties Owed by a Nevada licensee Only the seller can fill out - Answer- The SRPD The maximum liability of ERRF for an individual person is - Answer- 100,000 What is the maximum amount per judgement that can be paid out of the Errf - Answer- 25,000 State law allows representation of multiple parties to a transaction, however what...

NV STATE LAW REAL ESTATE-License Practice Questions and Answers 100% CorrectNV STATE LAW REAL ESTATE-License Practice Questions and Answers 100% CorrectNV STATE LAW REAL ESTATE-License Practice Questions and Answers 100% CorrectThe Uniform Vendor and Purchaser Risk Act refers to what relationship? - ANSWER-The vendor and vendee difference between vendor and vendee - ANSWER-vendor=seller in land contract purchase vendee= buyer in land contract purchase Prior to closing an escrow or signing...

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...

Nevada Real Estate State Question and answers 100% correct 2024/2025Nevada BROKER salesperson/BROKER education - correct answer - 90 hours of instruction which includes: 45 hours of law, 45 hours of principles Broker testing - correct answer - Pass a NV Testing Center 50 question Nevada State Brokers test with a 75% or better: One hour to complete - Pass a NV Testing Center 80 question Nevada National Brokers test with a 75% or better: Two hours to complete - Cost of Examination: $100...