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

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 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...

PSC 100 Nevada Constitution Final Exam Questions and Answers 100% pass 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 govern...

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...

NV Real Estate Law Exam Questions and Answers 100% Pass who CANNOT have a NV real estate license or personal / financial interst in NV real estate company - Answer- NVRED / NVREDA Whats NOT open to the public? - Answer- Broker/brokersalperson exam, criminal and financial records NVRED duties? (4) - Answer- customer service issuing and renewing license investigation checking NV brokers office Who helps NVRED? - Answer- The Attorney General Where Are NV Licensee's Fees, penalties & cha...

NV Real Estate Law Exam Questions and Answers 100% Pass who CANNOT have a NV real estate license or personal / financial interst in NV real estate company - Answer- NVRED / NVREDA Whats NOT open to the public? - Answer- Broker/brokersalperson exam, criminal and financial records NVRED duties? (4) - Answer- customer service issuing and renewing license investigation checking NV brokers office Who helps NVRED? - Answer- The Attorney General Where Are NV Licensee's Fees, penalties & cha...

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 ...

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

NV State Real Estate Salesperson Questions and Answers 100% Pass 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- ...