Real Estate State Portion Exam Questions and Answers 100% Pass

Real Estate State Portion Exam Questions and Answers 100% Pass A consumer filed a complaint with the Nevada Real Estate Division claiming that Salesman Jones lied about the location of a proposed freeway. Upon receiving the complaint: - Answer- the Administrator will initiate an investigation of the complaint. The Nevada Real Estate Commission: - Answer- must allow attorneys to represent persons at hearings. All of the following are grounds for license revocation EXCEPT: - Answer- being arrested for a DUI. Jones has been disciplined by the Nevada Real Estate Commission. Which is true? - Answer- Jones may seek review by the District Court. Renick and Sons owns over 300 units of apartments in Las Vegas. Nevel Renick, Jr., is an on-site property manager of one of the family's properties. - Answer- Nevel doesn't need a license You are in the process of taking a listing when your prospective client informs you that they will not sell the property to anyone who isn't "Pure American." Would this listing be lawful in Nevada? - Answer- No, Nevada has adopted the same protected classes found in the Federal Fair Housing Act. Albert is quitting ACME Realty to be an instructor at a real estate school. Which of the following steps must ACME Realty take? - Answer- return Albert's license to the Division within 10 days Janet is a Nevada real estate broker currently operating a residential re-sale firm. She wants to expand her business to include the sale and leasing of commercial properties, particularly shopping centers. Janet must: - Answer- do nothing. A salesperson has decided to change brokers. What must the salesperson do regarding his license? - Answer- Not start selling or taking listings for the new broker until the receipt for the change of status fee is issued. Your license application was made August 16, 2013. Your license was issued September 18, 2013. Your license will expire - Answer- September 30, 2014 You have just received your Nevada real estate salesperson's license. You are interested in doing property management. To be able to do property management you must: - Answer- work with a brokerage where somebody has been appointed the designated property manager. You are a real estate salesperson. You are having trouble getting your practice started. You desperately need listings. You offer to pay your brother-in-law, a telemarketer, $20.00 for each listing appointment he can set for you and $100.00 for each listing you get from an appointment he sets. Is this legal? - Answer- No, this is a license requiting activity and payment can only be made from brokers to licensees. Andrew has taken a listing on a resale home. The price is $379,500. The sellers have told Andrew they expect they will have to reduce the listing price to make a deal, but say they cannot go below $375,000. Andrew receives a call from Joan who asks if the sellers will come down a little on the price. Andrew tells her they would probably take $377,000. - Answer- Andrew may only suggest the list price. When must the Seller's Real Property Disclosure Statement be provided to the buyers? - Answer- at least 10 days before the property is conveyed to the purchaser Broker-salesperson Jackie has just taken a $5,000.00 check payable to First Title and Escrow Company in connection with an offer she as is making on behalf of her buyers. What must Jackie do with this check? - Answer- promptly turn it over to her b