Nevada Real Estate chap 3 Exam Questions and Answers 100% Pass

Nevada Real Estate chap 3 Exam Questions and Answers 100% Pass When a recovery payment is made from the Fund, the maximum payment allowed per judgment is: - Answer- $25,000 An owner-developer is a licensed building contractor who owns a minimum of how many lots within a recorded subdivision (on the each of which there is a previously unsold, single-family home)? - Answer- 5 The Commission will not approve more than how many full hours of credit per day for a CE course if a final exam is not given? - Answer- 7 hrs Each license period, after the initial one, is how long? - Answer- 24 months The total of fees for each original real estate broker's, broker-salesman's or corporate broker's license is: - Answer- $145 In which of the following situations may a Nevada licensee recover his commission from the Fund, in a transaction in which he was a licensee, but was cheated out of his fee by another licensee? - Answer- A licensee is never eligible to collect money from the Fund. Within the first 12 months of receiving his original license, each real estate licensee must earn how many hours of post-license education? - Answer- 30hrs What is the fee to be paid for the Real Estate Education, Research and Recovery Fund at the time an application for renewal of a license is filed? - Answer- $40.00