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Real Estate Salesperson Exam — National Portion

Agency (NV): practice questions

Our Real Estate (National) bank has 6 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Nevada

By when must a licensee disclose in writing their relationship as agent (or status as principal) to the client and to unrepresented parties?

  1. Within 3 business days after an offer is accepted
  2. At the first showing, before anyone enters the property with the licensee present
  3. At closing, on the settlement statement
  4. As soon as practicable, and no later than when any written document is signed
Show the answer

D. As soon as practicable, and no later than when any written document is signed — NAC 645.637.

Question 2 · Nevada

A Nevada licensee discloses that they are acting for more than one party in a transaction. What is needed to keep acting as agent?

  1. Written consent of each party the licensee acts for
  2. Advance approval from the Real Estate Division
  3. Oral consent of the seller, noted in the transaction file
  4. Nothing further after disclosure
Show the answer

A. Written consent of each party the licensee acts for — NRS 645.252(1)(d).

Question 3 · Nevada

For how long after a brokerage agreement ends must a licensee keep the client's confidential information, absent a court order or written permission?

  1. 1 year
  2. 6 months after closing
  3. Forever
  4. 2 years
Show the answer

A. 1 year — NRS 645.254(2).

Question 4 · Nevada

Unless otherwise agreed in writing, which of these does a Nevada agent NOT owe the parties?

  1. An independent investigation of the property's condition
  2. Reasonable skill and care to all parties
  3. Disclosure of each source of pay
  4. Disclosure of known material facts about the property
Show the answer

A. An independent investigation of the property's condition — NRS 645.252(4)(c).

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