Real Estate Nevada State final Exam Questions and Answers 100% Pass

Real Estate Nevada State final Exam Questions and Answers 100% Pass Which form must be used in every real estate transaction involving a Nevada licensee? - Answer- Duties Owed by a Nevada Real Estate Licensee Which of these would NOT likely disqualify Smith from receiving a license? - Answer- having been arrested for embezzlement Jones has left ARM Realty and his license has been returned to the Division. What maximum time is allowed for re-affiliation before he is inactivated? - Answer- 30 days If the real estate Division believes a licensee could potentially harm the general public, and prior to a formal hearing be held, the Division could prevent the licensee from further real estate practice by issuing a(n): - Answer- injunction. Can a licensee who specializes in new home sales take a vacant land listing on 40 commercial acres? - Answer- Yes, a license allows the agent to do any kind of real estate activity authorized by NRS 645. While not advisable, which contract may be oral? - Answer- a brokerage agreement Watkins' listing is being shown by Zender to a very interested buyer. The asking price is $358,000. Watkins suggests Zender and her buyer make an offer of $340,000 to 'get some action on the listing.' Has he violated NRS 645? - Answer- Yes, because he offered property at a price not authorized by the owner. Your father is selling his house and you are the listing agent. What must you disclose? - Answer- you are related to the seller