- | P a g e
Real Estate Express Final Newest 2025/2026 Complete All 300 Questions And Correct Answers |Already Graded A+||Brand New Version!
Under NRS 113 in certain counties in addition to the required zoning disclosurs the seller may not sign a sales agreement with the initial purchaser of a residence unless that seller gives the purchaser a disclosure document at least 24 hours before the signing of the sales agreement. This additional disclosure is required in any county with a population of how many people? - ANSWER-700,000 or more
Under 119 any person who is employed or engaged by a developer to represent a company for compensation in offering or selling subdivided lands pursuant to this chapter does not include any officer of the developer or any of the subsidiaries of the developer or any owner partner or associate of the developer who would not be classed as a dealer and who is listed and approved by the division is - ANSWER-A registered representative
At what point after the purchaser of a common interest development unit receives the resale package may be cancel the contract ofnpurchase - ANSWER-Until midnight of the fifth calendar day following the date of the package receipt 1 / 4
- | P a g e
What is the fee a time share developer must pay for each permit to sell time shares per subdivision? - ANSWER-1500 per permit
People who work for time share developers who are not sales agents but who can induce people on behalf of the developer to attend sales presentations to act on their behalf under specific conditions are known as - ANSWER-Representatives
Anyone who engages in any of the activities for which a license permit registration or other authorization is required without that authorization or commits another violation of the time share license law is considered guilty of - ANSWER-A gross misdemeanor
The term that refers to the portion of a time share permit application that was set forth the proposed promotion - ANSWER-Written plan
Which of the following laws is the most substantially similar to member ship campground - ANSWER-Time share law
For campground membership sales which is the party that is responsible for supervising the sales agents associated with him? - ANSWER-The broker of record
- / 4
- | P a g e
A provisional license is valid for - ANSWER-One year, and it is not renewable
In which of the following cases does the time share law not apply? - ANSWER-In the case of a sale of 12 or fewer time share in a project or in the case of 12 or fewer time shares in the same subdivision
Under the time share sales in Nevada a sales agent must complete how many hours of instruction before earning his sales agents license - ANSWER-14 hours
Condemnation is also known as - ANSWER-A taking
Personal property items such as light fixtures kitchen cabinets, and plumbing that have become permanently affixed to land are known as - ANSWER-Fixtures
Of the following terms which is the broadest form of ownership in a property? - ANSWER-Owning real property
Every homeowner must pay these taxes, the amount of which is based on the property's assessed value, and is used by the by the municipality to pay for police, fire protection and other services in a community - ANSWER-As calorimeter taxes
- / 4
- | P a g e
Which of the following items would not be considered personal property
- ANSWER-A central air condition unit
Which of the following terms in not included in the bundle of rights of owner ship - ANSWER-The right of enjoyment without any restrictions
Is it possible to make real property into personal property - ANSWER- Yes, this is possible through the process of severance
The sudden loss of land by an act of nature— for example when the ocean washes Says the waterfront during a typhoon is known as - ANSWER-Avulsion
The Nevada homestead act provides an exemption - ANSWER-550,000
The degree and type of ownership interest that someone has in a particular piece of property is known as - ANSWER-An estate in land
When a landlord rents out a property to tenant which is the type of estate the tenant has in the property - ANSWER-The tenant has a leasehold estate
Which of the following types of estate has the highest degree of ownership and owns the bundle of rights - ANSWER-Fee simple
- / 4