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Q 1/10
Score 0
A sales contract is signed on April 1. Closing takes place on May 10, and the deed of trust is recorded on May 15. The borrower's first payment is due on July 30. When is the soonest date that the broker may receive his/her commission check?
30
May 10
June 30
April 1
December 10
Q 2/10
Score 0
How long after the signing of a contract for the purchase of a lot may the buyer cancel the transaction?
30
Within five calendar days.
One week
Within three calendar days
24 hours
10 questions
Q.
A sales contract is signed on April 1. Closing takes place on May 10, and the deed of trust is recorded on May 15. The borrower's first payment is due on July 30. When is the soonest date that the broker may receive his/her commission check?
1
30 sec
Q.
How long after the signing of a contract for the purchase of a lot may the buyer cancel the transaction?
2
30 sec
Q.
Under Nevada law, any person who acts as an executor of an estate:
3
30 sec
Q.
After a listing agreement is signed, the broker decides to try for more exposure by placing the listing on MLS and making a blanket offer of subagency. Is the broker's action acceptable?
4
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:
5
30 sec
Q.
Licensing law of Nevada requires that the:
6
30 sec
Q.
Listings based on a "net price" are:
7
30 sec
Q.
A 250-acre parcel is divided into 10-acre lots. This subdivision:
8
30 sec
Q.
Who is responsible for investigating transaction files and trust records of brokers and owner-developers?
9
30 sec
Q.
Which of the following is not grounds for disciplinary action?
