Penalties and Other Regulations

Question 1

Licensee has not…

Answer 1

-Ascertained all facts to the NVE transaction
-Applied federal or state statutes correctly
-Disclosed all facts to the NVE transaction
-Disclosed in writing
-Compensation from more than one party
-Affiliations or interest in the real property
-their management of real property
- the referral of an outside contractor for
compensation
-Obtained signatures or initials for contract terms change
-Written a contract when requested ‘‘put in writing’’

Question 2

Licensee has…

Answer 2

• Breached their fiduciary with the client
• Commingled or converted money
• Discriminated
• Guaranteed Future Profits
• Impeded an investigation by NVRED
• Induced a client to break a NVB contract for gain
• made false promises, which likely is to lead to influence or pursuade
• negotiated a sale with a client that already had a contract with another brokerage
• offered real estate for sale without the owners knowledge
• prepared false documents for any lenders
• submitted fraudulent appraisals to prospective buyers
• used a trade name without the right to do so

Question 3

Licensee has failed

Answer 3

• Failed to maintain all required relevant RE documents
• Failed to remit any moneys by the next business day
• Failed to include an end date in written B contract
• Failed to leave a written copy immediately
• Failed to deliver docs after COE within 10 business days

Question 4

Licensee has attempted

Answer 4

• Attempted to provide service outside their field

- Attempted to represent other Broker than theirs

Question 5

Licensee has Accepted

Answer 5

• Accepted a fee form someone other than broker
• Accepted cash without disc it’s earnest money
• Accepted undisclosed fees