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Nevada Real Estate Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A

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Nevada Real Estate Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A

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NV State Real Estate Salesperson Questions and Answers 100% Pass

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NV State Real Estate Salesperson Questions and Answers 100% Pass After the collection of the advance fee, when should it be itemized and accounted for? - Answer- 3 months What must one have in order to collect an advance fee? - Answer- A real estate license. How many days for broker to refund buyers on land purchase? - Answer- 15 day Public offerings must contain this warning - Answer- Read report before signing any paper Real Estate Commission members must be appointed by the - Answer- ...

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Nevada Real Estate: Practice State Exam Corrections Questions and Answers 100% Pass

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Nevada Real Estate: Practice State Exam Corrections Questions and Answers 100% Pass The following would likely disqualify Smith from receiving a license - Answer- Being delinquent in child support obligations, having had her license suspended, but not revoked in Arizona 4 years ago, having pled guilty to engaging in the real estate business without a real estate license Embezzlement - Answer- Theft or misappropriation of funds placed in one's trust or belonging to one's employer Jones...

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Nevada Real Estate Exam Questions and Answers 100% Pass

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Nevada Real Estate Exam Questions and Answers 100% Pass 1. What is the minimum balance of the real estate education, research, and recovery fund? A) $300,000. B) $100,000. C) $250,000. D) $500,000. - Answer- a 2. How long after the signing of a contract for the purchase of a lot in NV or anywhere else may the purchaser cancel the transaction? A) 24 hours B) within five calendar days C) five business days D) or one week - Answer- b 3. In NV, who is responsible prior to closing for c...

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NV Real Estate Exam Review Questions and Answers 100% Pass

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NV Real Estate Exam Review Questions and Answers 100% Pass Agency - Answer- Relationship between the principal (client) and agent. Business - Answer- Tangible assets of an existing enterprise. Define Business broker: What are the requirements for a permit - Answer- RE broker, broker-salesman, or salesman who sells businesses. -minimum 24 hours of instruction -$40 permit -$75 examination fee (must pass 75%) Owner-Developer - Answer- Owns 5+ Lots within a subdivision Real Estate Divisio...

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Nevada Real Estate Salesperson State Questions with 100% Correct Answers

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Nevada Real Estate Salesperson State Questions with 100% Correct Answers A Seller's Real Property Disclosure document is required for all the following properties, EXCEPT a(n): a) For Sale by Owner b) New Home c) Resale d) Home that has been inspected by a certified home inspector - Answer- b (New Home) A Nevada licensee must give the Duties Owed by a Nevada licensee form to prospective purchasers/tenants: a) before they are shown any properties b) at an open house c) at the close ...

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Nevada law real estate Exam Questions and Answers 100% Pass

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Nevada law real estate Exam Questions and Answers 100% Pass How many branch offices may a broker have? - Answer- As many as they want A branch manager must be : - Answer- Broker/salesperson with two of the previous four years experience The minimum balance of the ERRF fund is : - Answer- $300,000 The Nevada Real Estate Commission is appointed by : - Answer- The Governor of the state of Nevada Nevada Real Estate license fees are deposited in : - Answer- The Nevada State General Fund If ...

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Nevada National Real Estate Exam Questions and Answers 100% Pass

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Nevada National Real Estate Exam Questions and Answers 100% Pass Amortized Loans - Answer- Constant payment including principle and interest until paid off Conventional Loan - Answer- No government back; private Gross Lease - Answer- Fixed amount- Residential rental Net Lease - Answer- Fixed plus maintenance; Triple Net = tax & insurance also Percentage Lease - Answer- Fixed + % of profits ;; mall, retail spaces Ground Lease - Answer- Long term land lease-- 99+ yr lead;; to build Leaseb...

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Nevada Real Estate State Exam Questions and Answers 100% Pass

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Nevada Real Estate State Exam Questions and Answers 100% Pass Nevada BROKER salesperson/BROKER education - Answer- - 90 hours of instruction which includes: 45 hours of law, 45 hours of principles Broker testing - Answer- - Pass a NV Testing Center 50 question Nevada State Brokers test with a 75% or better: One hour to complete - Pass a NV Testing Center 80 question Nevada National Brokers test with a 75% or better: Two hours to complete - Cost of Examination: $100 for both tests when ta...

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NV Real Estate Law Exam Questions and Answers 100% Pass

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NV Real Estate Law Exam Questions and Answers 100% Pass who CANNOT have a NV real estate license or personal / financial interst in NV real estate company - Answer- NVRED / NVREDA Whats NOT open to the public? - Answer- Broker/brokersalperson exam, criminal and financial records NVRED duties? (4) - Answer- customer service issuing and renewing license investigation checking NV brokers office Who helps NVRED? - Answer- The Attorney General Where Are NV Licensee's Fees, penalties & cha...

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