Brokers – Chapter 5 Quiz

 Nevada recognizes ____ type(s) of agency(ies):

Real estate brokerage agreements create a _______ agency relationship.

To ensure a client understands the licensee’s basic duties, the licensee is required to  provide the client and each unrepresented party with

The Consent to Act is a federally mandated disclosure form which outlines consequences of  the licensee’s multiple representation and also requires client’s written authorization.

The Consent to Act is a federally mandated disclosure form which outlines consequences of  the licensee’s multiple representation and also requires client’s written authorization.

General Restrictions Pertaining to Advertising are that ads:

Price fixing occurs when two or more competitors agree to a common marketing price.

In Nevada, a team must have ____ or more members and all members must be employed  by the same broker.

Nevada’s Do Not Call Law requirements include all but:

Regarding NRS 645.630 Authorized disciplinary action; The commission may require a  licensee, property manager or owner‐developer to pay an administrative fine of not more  than $10,000 for each violation he or she commits.