State Practice 2 Flashcards
If a broker has a trust account and fails to maintain or submit an annual accounting to the Real Estate division, this results in a violation of:
a) NRS 645.630
b) NRS 645.633
c) NRS 645.635
d) NRS 645.640
a) NRS 645.630
If a broker has a trust account and fails to maintain or submit an annual accounting to the Real Estate division, this results in a violation of: NRS 645.630. NRS 645.630 is authorized disciplinary action; grounds for disciplinary action; orders imposing discipline deemed public records. 645.630 put simply is any violation that has to do with: Making any material misrepresentation, misusing funds, improper handling of funds, failing to report information of funds and how they were handled
Failing to deposit any check or cash deposit received as earnest money before the end of the next banking day, unless otherwise provided in the purchase agreement, results in a violation of:
a) NRS 645.630
b) NRS 645.633
c) NRS 645.635
d) NRS 645.640
a) NRS 645.630
Failing to deposit any check or cash deposit received as earnest money before the end of the next banking day, unless otherwise provided in the purchase agreement, results in a violation of: NRS 645.630. NRS 645.630 is authorized disciplinary action; grounds for disciplinary action; orders imposing discipline deemed public records. 645.630 put simply is any violation that has to do with: Making any material misrepresentation, misusing funds, improper handling of funds, failing to report information of funds and/or how they were handled.
Failure to produce any document, book or record in his or her possession concerning any real estate transaction under investigation by the Division, results in a violation of:
a) NRS 645.630
b) NRS 645.633
c) NRS 645.635
d) NRS 645.640
c) NRS 645.635
Failure to produce any document, book or record in his or her possession concerning any real estate transaction under investigation by the Division, results in a violation of: NRS 645.635. NRS 645.635 is Unprofessional and improper conduct relating to real estate transactions.
Failure to deliver within a reasonable time, a copy of any purchase agreement of offer to buy or sell real estate to the purchases or to the seller, results in a violation of:
a) NRS 645.630
b) NRS 645.633
c) NRS 645.635
d) NRS 645.640
c) NRS 645.635
Failure to deliver within a reasonable time, a copy of any purchase agreement of offer to buy or sell real estate to the purchases or to the seller, results in a violation of: NRS 645.635. NRS 645.635 is Unprofessional and improper conduct relating to real estate transactions.
What is the fine for a member of an LLC partnership if they commit a violation (gross misdemeanor)?
a) $1,000
b) $2,500
c) $5,000
d) $15,000
b) $2,500
Per, NRS 645.990 Unlawful acts; penalties. “A person who violates any other provision of this chapter, if a natural person, is guilty of a gross misdemeanor, and if a limited-liability company, partnership, association or corporation, shall be punished by a fine of not more than $2,500.”
Failure to reduce a bonafide offer to writing where a proposed purchaser requests that it be submitted in writing, results in a violation of:
a) NRS 645.630
b) NRS 645.633
c) NRS 645.635
d) NRS 645.640
c) NRS 645.635
Failure to reduce a bona fide offer to writing where a proposed purchaser requests that it be submitted in writing, results in a violation of: NRS 645.635. NRS 645.635 is Unprofessional and improper conduct relating to real estate transactions.
Failing, within a reasonable time to remit money which comes into their possession which belongs to others, results in a violation of:
a) NRS 645.630
b) NRS 645.633
c) NRS 645.635
d) NRS 645.640
a) NRS 645.630
Failing, within a reasonable time to remit money which comes into their possession which belongs to others, results in a violation of: NRS 645.630. NRS 645.630 is authorized disciplinary action; grounds for disciplinary action; orders imposing discipline deemed public records. 645.630 put simply is any violation that has to do with: Making any material misrepresentation, misusing funds, improper handling of funds, failing to report information of funds and how they were handled.
Willfully using any trade name, service mark or insignia of membership in any real estate organization of which the licensee is not a member, without the legal right to do so, results in a violation of:
a) NRS 645.630
b) NRS 645.633
c) NRS 645.635
d) NRS 645.640
b) NRS 645.633
Willfully using any trade name, service mark or insignia of membership in any real estate organization of which the licensee is not a member, without the legal right to do so, results in a violation of: NRS 645.633. NRS 645.633 is improper trade practices; violations of certain orders, agreements, laws and regulations; criminal offenses; other unprofessional and improper conduct; reciprocal discipline; violations relating to property management; log of complaints
Paying a commission, compensation or a finder’s fee to any person performing the services of a broker, broker-salesperson or salesperson who has not secured a license, results in a violation of:
a) NRS 645.630
b) NRS 645.633
c) NRS 645.635
d) NRS 645.640
b) NRS 645.633
Paying a commission, compensation or a finder’s fee to any person performing the services of a broker, broker-salesperson or salesperson who has not secured a license, results in a violation of: NRS 645.633. NRS 645.633 is improper trade practices; violations of certain orders, agreements, laws and regulations; criminal offenses; other unprofessional and improper conduct; reciprocal discipline; violations relating to property management; log of complaints.
Failing to maintain brokerage or property management records, results in a violation of:
a) NRS 645.630
b) NRS 645.633
c) NRS 645.635
d) NRS 645.640
a) NRS 645.630
Failing to maintain brokerage or property management records, results in a violation of: NRS 645.630. NRS 645.630 is authorized disciplinary action; grounds for disciplinary action; orders imposing discipline deemed public records. 645.630 put simply is any violation that has to do with: Making any material misrepresentation, misusing funds, improper handling of funds, failing to report information of funds and how they were handled.
A guilty conviction relating to the practice of the licensee, property manager or owner developer, results in a violation of:
a) NRS 645.630
b) NRS 645.633
c) NRS 645.635
d) NRS 645.640
b) NRS 645.633
A guilty conviction relating to the practice of the licensee, property manager or owner developer, results in a violation of: NRS 645.633. NRS 645.633 is improper trade practices; violations of certain orders, agreements, laws and regulations; criminal offenses; other unprofessional and improper conduct; reciprocal discipline; violations relating to property management; log of complaints
Representing to any lender, guaranteeing agency or any other interested party, verbally or through the preparation of false documents, an amount of excess of the actual sales price of the real estate or terms differing from those actually actually agreed upon, results in a violation of:
a) NRS 645.630
b) NRS 645.633
c) NRS 645.635
d) NRS 645.640
c) NRS 645.635
Representing to any lender, guaranteeing agency or any other interested party, verbally or through the preparation of false documents, an amount of excess of the actual sales price of the real estate or terms differing from those actually agreed upon, results in a violation of: NRS 645.635. NRS 645.635 is Unprofessional and improper conduct relating to real estate transactions.
Gross negligence or incompetence in performing any act for which the person is required to hold a license, results in a violation of:
