Nevada Law Pearson Vue Practice
Exam Questions & Answers (Grade
A+)
Nevada law requires that the
A. broker disclose material facts relating to the property even if the
buyer does not ask for it and the seller has told the broker to keep
it confidential.
B. broker keep all information confidential that the seller has
provided about the property.
C. broker disclose everything that the seller has told the broker.
D. seller disclose any material facts that might affect the sale. -
correct answer ✅A. broker disclose material facts relating to the
property even if the buyer does not ask for it and the seller has told
the broker to keep it confidential.
A Nevada broker entered an exclusive buyer representation
agreement with a client. The agreement, by its terms, was to expire
on November 2, 2006. However, the broker and the client both
agreed that if suitable property was not found by then, the
agreement would automatically extend to January 5, 2007, unless
either party gave notice that the extension was not desired.
Suitable property was found and purchased on October 15, 2006,
but the buyer refused to pay the agreed fee to the broker. Which of
the following is MOST likely to happen in court if the broker sues to
recover the agreed fee?
,Nevada Law Pearson Vue Practice
Exam Questions & Answers (Grade
A+)
A. The buyer will win because buyer representation agreements are
not allowed to have an expiration date.
B. The buyer will win because all such fees are paid by the seller.
C. The buyer will win because the agreement is unenforceable.
D. The broker will win because the property was purchased before
the original expiration date. -
correct answer ✅C. The buyer will win because the agreement is
unenforceable.
Which warning message is on the cover of a public offering
statement?
A. "Prospective purchaser should see the exact parcel considered
before purchasing."
B. "Prospective purchaser has five calendar days to cancel any
contract signed."
C. "Prospective purchaser should seek competent advice if this
report is not understood."
D. "Prospective purchaser should read this report before signing
any paper." -
, Nevada Law Pearson Vue Practice
Exam Questions & Answers (Grade
A+)
correct answer ✅D. "Prospective purchaser should read this report
before signing any paper."
A broker collected a commission for a house that sold after the
expiration of the listing agreement with the seller. This would MOST
likely be the result of a:
A. multiple listing fee share contract.
B. procuring cause clause.
C. broker protection clause.
D. net listing. -
correct answer ✅C. broker protection clause.
Upon obtaining a listing, a broker or licensed salesperson is
obligated to
A. set up a listing file and send a copy of the key documents to the
Real Estate Division.
Exam Questions & Answers (Grade
A+)
Nevada law requires that the
A. broker disclose material facts relating to the property even if the
buyer does not ask for it and the seller has told the broker to keep
it confidential.
B. broker keep all information confidential that the seller has
provided about the property.
C. broker disclose everything that the seller has told the broker.
D. seller disclose any material facts that might affect the sale. -
correct answer ✅A. broker disclose material facts relating to the
property even if the buyer does not ask for it and the seller has told
the broker to keep it confidential.
A Nevada broker entered an exclusive buyer representation
agreement with a client. The agreement, by its terms, was to expire
on November 2, 2006. However, the broker and the client both
agreed that if suitable property was not found by then, the
agreement would automatically extend to January 5, 2007, unless
either party gave notice that the extension was not desired.
Suitable property was found and purchased on October 15, 2006,
but the buyer refused to pay the agreed fee to the broker. Which of
the following is MOST likely to happen in court if the broker sues to
recover the agreed fee?
,Nevada Law Pearson Vue Practice
Exam Questions & Answers (Grade
A+)
A. The buyer will win because buyer representation agreements are
not allowed to have an expiration date.
B. The buyer will win because all such fees are paid by the seller.
C. The buyer will win because the agreement is unenforceable.
D. The broker will win because the property was purchased before
the original expiration date. -
correct answer ✅C. The buyer will win because the agreement is
unenforceable.
Which warning message is on the cover of a public offering
statement?
A. "Prospective purchaser should see the exact parcel considered
before purchasing."
B. "Prospective purchaser has five calendar days to cancel any
contract signed."
C. "Prospective purchaser should seek competent advice if this
report is not understood."
D. "Prospective purchaser should read this report before signing
any paper." -
, Nevada Law Pearson Vue Practice
Exam Questions & Answers (Grade
A+)
correct answer ✅D. "Prospective purchaser should read this report
before signing any paper."
A broker collected a commission for a house that sold after the
expiration of the listing agreement with the seller. This would MOST
likely be the result of a:
A. multiple listing fee share contract.
B. procuring cause clause.
C. broker protection clause.
D. net listing. -
correct answer ✅C. broker protection clause.
Upon obtaining a listing, a broker or licensed salesperson is
obligated to
A. set up a listing file and send a copy of the key documents to the
Real Estate Division.
