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Q 1/10
Score 0
Who is responsible for investigating transaction files and trust records of brokers and owner-developers?
30
The Administrator and the Nevada Real Estate Division.
The Secretary of State.
The Nevada Real Estate Commission.
The Attorney General
Q 2/10
Score 0
Commissions earned by a broker in a real estate sales transaction:
30
Are based on a schedule of commission rates set by the Nevada Real Estate Commission.
May be shared wtih an unlicensed person, provided that such person aided the broker in bringing the buyer and seller together.
Are determined by agreement of the broker and his principal.
May be deducted from the earnest money deposit and claimed by the broker as soon as the buyer and seller execute the purchase and sales agreement.
10 questions
Q.
Who is responsible for investigating transaction files and trust records of brokers and owner-developers?
1
30 sec
Q.
Commissions earned by a broker in a real estate sales transaction:
2
30 sec
Q.
What must a nonresident license applicant file with the Nevada Real Estate Division?
3
30 sec
Q.
For which of the following acts is the Nevada Real Estate Commission required to suspend a licensee's license?
4
30 sec
Q.
Regarding exclusive-listing agreements in Nevada, which of the following could result in the suspension or revocation of a licensee's license to practice real estate?
5
30 sec
Q.
When must a Seller's Real Property Disclosure Form be delivered to the buyer?
6
30 sec
Q.
Upon obtaining a listing, a broker or licensed salesperson is obligated to:
7
30 sec
Q.
Under Nevada law, any person who acts as an executor of an estate:
8
30 sec
Q.
Prompton Real Estate Company has entered into agency agreements with both a seller and a buyer. The seller and the buyer have signed teh Consent to Act Form. The salesperson with Prompton has been working iwth the buyer. Legally, the salesperson may:
9
30 sec
Q.
Duncan, a licensed broker, procures a ready, willing and able buyer for his seller-principal. The seller accepts the buyer's offer in writing then experiences a change of heart and withdraws the acceptance. In such a situation, Duncan:
