30 Hour Enhanced Final Exam B

1. Termination of agency can happen when:

2. The CIC resale package is paid for and provided by the:

3. An assigned agency is:

4. Nevada does not recognize the concept of transactional brokerage.

5. Which of the following describes the client?

6. Subagency is:

7. In 2019 the education hours for pre-licensing education increased from:

8. An agent of the buyer relationship is when:

9. The listing broker would have an agency relationship with:

10. When a party receives an offer they may:

11. Dual agency is allowed in all 50 states.

12. The FIRPTA disclosure is presented in:

13. In Clark County, who pays for the appraisal?

14. Errors and omissions insurance is:

15. The errors and omissions insurer does NOT have a right to examine, audit and make copies of your books and records at any time during the policy period and up to a certain time afterward.

16. Recommendations for risk reduction include all the following EXCEPT:

17. Which is NOT a basic type of listing agreement:

18. It is NOT possible for the brokers agency relationship with the parties to change in the middle of the transaction.

19. The first form that must be signed by the client is:

20. Which form gives written consent of dual agency?

21. A transactional brokerage/agency is:

21. A transactional brokerage/agency is:

23. Risk Reduction is:

24. An exclusive brokerage agreement must:

25. Property managers do NOT act as general agents.

26. A contract that has not signed and initialed by all parties is:

27. Which form would outline the list of obligations a licensee owes to a customer?

28. A Person who has suffered damages as the proximate result of a licensees failure to perform any duties owed may:

29. Which document must always be completed by the seller and never the agent?

30. If a home is built prior to _____ a lead-based paint disclosure is mandatory.

31. There are inherent conflicts of interests with dual agency.

32. Which of the following definitions describes Agency?

33. A transactional brokerage/agency is:

34. The washer and dryer are considered:

35. FIRPTA pertains to:

36. Which of the following is an obligation of the seller?

37. If the client or broker dies during the contract term:

38. What is the traditional and most common payment structure among brokers?

39. If the buyer is not satisfied with the results of the inspection he or she may:

40. In the state of Nevada, the potential fine per offense is: