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Q 1/15
Score 0
How long after the signing of a contract for the purchase of a lot may the buyer cancel the transaction?
30
3 calendar days
24 hours
1 week
5 calendar days
Q 2/15
Score 0
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?
30
No because the seller did not agree to this action.
Yes, because Nevada law permits the creation of subagency relationships only through multiple-listing services.
Yes, because a subagency relationship may be created by a blanket offer in an MLS.
No, because subagency is illegal under NRS 645 of Nevada law.
15 questions
Q.
How long after the signing of a contract for the purchase of a lot may the buyer cancel the transaction?
1
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?
2
30 sec
Q.
Which of the following would not disqualify an applicant from receiving a license?
3
30 sec
Q.
Mrs. Noonan told her broker she wants to clear $50,000 when he sells her house. The broker accepts the listing and sells it for $150,000. He gives Mrs. Noonan $50,000 and keeps the rest. In this situation:
4
30 sec
Q.
In order to receive an exemption to registration for a "large lot" subdivision, how big must every lot or unit be?
5
30 sec
Q.
The Nevada Real Estate Commission has the authority to:
6
30 sec
Q.
Licensing law of Nevada requires that the:
7
30 sec
Q.
A 250-acre parcel is divided into 10-acre lots. This subdivision:
8
30 sec
Q.
Broker Jones takes an exclusive listing on a property owned by three different people. Broker Jones takes the listing contract to each of their places of business to get it signed. Broker Jones must:
9
30 sec
Q.
According to the Statue of Frauds, a contract which must be in writing in order to maintain a court action for enforcement is:
10
30 sec
Q.
If a broker was originally licensed seven years ago and his license has been inactive for the last 3 years, how many hours of CE are needed to reinstate the broker's license?
11
30 sec
Q.
The sale of how many time-shares in a year in a project requires registration?
12
30 sec
Q.
Three months after a buyer bought a house, the roof leaked during a rainstorm. When the house was listed, the seller told the broker that the roof leaked, but they agreed not to tell any prospective buyers. The broker says that the buyer never asked about the roof. Under these facts, the buyer:
13
30 sec
Q.
Jones, a real estate licensee decides to sell his own property without using a broker. When advertising the property, Jones:
