Nevada Real Estate Salesperson Exam — All Questions
← Back to practice2 questions
Under NRS Chapter 113, a seller of residential real property in Nevada must generally provide the buyer with:
- a.A title insurance policy
- b.A professional inspection report
- c.A completed Seller's Real Property Disclosure Form✓
- d.A written warranty against all defects
Nevada's NRS Chapter 113 requires a seller of residential real property to complete and deliver a Seller's Real Property Disclosure Form describing known conditions and defects. It reflects the seller's actual knowledge and is not a warranty or a substitute for an inspection.
Earnest money that a Nevada salesperson receives from a buyer must be:
- a.Delivered to the supervising broker so it is handled through the broker's trust account✓
- b.Deposited in the salesperson's personal account until closing
- c.Sent to the Real Estate Division for safekeeping
- d.Paid directly to the seller when the offer is made
Client money such as earnest money must be handled through the broker's trust account and kept separate from personal funds; NRS 645 prohibits commingling. A salesperson who receives the money must deliver it to the supervising broker. Converting or commingling trust money is a serious violation.