Nevada State Final Exam Questions and Answers 100% Pass

Nevada State Final Exam Questions and Answers 100% Pass Broker Wilkins recently closed her office and went to work for the Division as the Deputy Administrator. What limitation is placed on Wilkins? - Answer- She may not be actively licensed. Agent Becker of 20/20 Realty listed and sold the Franklin home in 2004. In 2015, Becker has a listing on which Franklin wants to make an offer. Franklins agent, affiliated with gold realty, writes the offer and presents it through Becker, Becker Should... - Answer- Be a single agent of the seller. Is it legal for a salesperson Caulfield to take a bonus for a quick sale from seller Wilson? - Answer- No, Caulfield can only receive real estate compensation through his employing broker. A brokerage agreement - Answer- While not advisable, Which contract may be oral? Which of the following are grounds for disciplinary action against a broker? - Answer- In property management, placing rents received into the broker's business account Once the buyer has received the seller's real property disclosure form (SRPD), what is the time frame for cancellation based on that report? - Answer- 4 working days NRS 119, 119A and 119B govern each one of these except... - Answer- -Home Improvements such as pools, water softeners, and home security systems Anderson was suspended under his utah Licence - Answer- he may have his Nevada license suspended because of the utah problem. Broker Alder receives money as an earnest money deposit. - Answer- Alder: May not hold the funds unless all parties agree to it in writing Broker Mason may be disciplined for unknown violations of licensees associated with her because... - Answer- She has failed to exercise supervision. Bennett has left West 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 Tennille is showing underwood's listing to a very interested buyer. The asking price is $276,000. Underwood suggests to tennille an offer of $245,000. Underwood suggests to Tennille an offer of $245,000 "might fly" has underwood violated NRS 645? - Answer- Yes, because he offered property at a price not authorized by the owner Up to $10,000 per offense. - Answer- What is the penalty for a violation of NRS 645.630? Which form must be used in every real estate transaction involving a Nevada licensee? - Answer- Duties Owed by a Nevada Real Estate Licensee 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 Your father is selling his house and you are the listing agent. What must you disclose? - Answer- you are related to the seller A broker sells a 3,200 square foot home. In checking the assessor's records, the broker finds it is a 2,900 square foot home. The broker did not ask the seller about the addition or if there were permits and inspections. After closing, the buyer discovers a severe problem with the addition. Which is true? - Answer- The broker is respo