Final Exam- State Nevada Questions and Answers 100% Correct

Final Exam- State Nevada Questions and Answers 100% Correct 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: a the Nevada Department of Highways will be contacted by the Division. b the Administrator will appoint a Hearing Officer. c the complaint will be turned over to the Department of Consumer Affairs. d the Administrator will initiate an investigation of the complaint. - Answer- d the Administrator will initiate an investigation of the complaint. The Nevada Real Estate Commission: a has civil and criminal jurisdiction over real estate salespersons, broker-salespersons and brokers. b may only revoke brokers' and broker-salespersons' licenses c must allow attorneys to represent persons at hearings. d must inform respondents of their right to remain silent at hearings. - Answer- c must allow attorneys to represent persons at hearings. All of the following are grounds for license revocation EXCEPT: a pleading guilty to a felony. b being arrested for a DUI. c having a license revocation in another state. d commingling clients' money. - Answer- b being arrested for a DUI. Jones has been disciplined by the Nevada Real Estate Commission. Which is true? a The Commission vote must be unanimous. b Jones may appeal this decision to the Administrator. c Jones can continue to practice real estate for 20 days following the Commission decision. d Jones may seek review by the District Court. - Answer- d 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. a Nevel doesn't need a license. b Nevel can use his Arizona license and does not need a Nevada license. c Nevel doesn't need a real estate license but does need a special permit from the Division. d As long as Nevel only leases the apartments, he does not need a real estate license in Nevada. - Answer- a 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? a Yes, sellers can choose who they want to sell to. b Yes, under federal law, only citizens may own property. c No, the term violates the Federal Mobile Home Act. d No, Nevada has adopted the same protected classes found in the Federal Fair Housing Act. - Answer- d 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? a keep Albert's license on inactive status while Albert is teaching b send Albert's license to the Division within 30 days c do nothing as Albert doesn't need a license to teach d return Albert's license to the Division within 10 days - Answer- d return Alb