Nevada Law-Testing Center (Sample)

Front

To promote the interest of a client , the licensee who entered into a brokerage agreement must do all of the following EXCEPT

Back

Seek a sale or lease only the price and terms in the brokerage agreement

Front

An agent decided to purchase a property through his or her broker's office. The earnest deposit must:

Back

Be placed in a neutral escrow depository in Nevada

Earnest money could cause a conflict of interest if put into Broker's trust

Front

Before the closing of escrow, a seller or the seller's agent has discovered a new defect in the residential property that was not identified on the the completed disclosure form. The seller's agent must do what?

Back

Inform the purchaser in writing as soon as the defect is discovered

Should be disclosed after the fact but no later than the conveyance of the property

Front

A property is subject to the rules and regulations of a homeowner's association and the seller is completing a property condition form to list the property for sale. The seller must include all of the following concerning the homeowner's association that the seller is aware of except what?

Back

Whether the common areas are in acceptable condition

Front

The purchaser is interested in a property that was constructed by a licensed contractor a not previously sold to anyone. What is a correct statement?

Back

The seller does not need to complete a disclosure form to be given to the purchaser

Front

A property for sale has a sig giving notice of a sale placed by the licensee. An agent who works for the same broker as the licensee suggests that the licensee place another sign on the property referencing the lease or exchange of the property to attract more activity. What may the licensee do?

Back

Obtain the written permission of the owner of the property

Front

Failure of a witness to obey an order issued by the district court will be dealt with as which of the following?

Back

Contempt of court

Front

At an open house held don the seller's property, a license, a licensee is called away due to a family illness. The licensee decides to call a friend to fill in at the open house. The friend is currently under under a suspended license for another week. What is required course of action for the licensee?

Back

Notify the seller that the licensee must leave the open house early

Front

A salesperson or broker advertising their own property must include on the of the following in their advertisement

Back

Owner/Agent

Front

A separate written disclosure regarding the adjoining land is required when the seller of a residence is located within a subdivision or if the residence is located on a land divided by a parcel map and not located within a subdivisions. What is a true statement

Back

The disclosure must be made regardless of whether and adjoining parcels are owned by the seller