SRPD'S Flashcards
1
Q
NV SRPD is a ____ page document that must be completed only by _____
A
- 4 page
- seller
2
Q
Must be completed at least _______ to ______
A
- 10 days prior
- to close of escrow
3
Q
Any ____ must be reported to buyer before ____ after____
A
defect
- COE
- After Initial inspection
4
Q
Buyer may:
A
- Sue and be entitled to triple damages
- be entitled to court and lawyer fees
- cancel the purchase contract if seller refuses to repair any noted defects
5
Q
Seller must:
A
repair any noted defects
6
Q
SRPD is used for
A
- residential real estate
- improved or not
- means single family, duplex, triplex, or 4-plex
7
Q
Exempt from SRPD’S are
A
- New Homes
- Bank foreclosures
- Government foreclosures
- Transfer between spouses
- Person who takes temporary control
- Seller when relying on info supplied by officer of state
- Seller when relying on info supplied by a NV contractor