License Law and Agency Practice Question
Question
A broker reviews a transaction file with a new salesperson in a Nevada real estate transaction involving Nevada Real Estate Division. What should the licensee understand? (Item 301)
Answer choices
- A. Recognize licensing, regulation, and enforcement authority at a high exam level.
- B. A verbal understanding always replaces any written requirement in a real estate transaction.
- C. The licensee should avoid documenting the issue to reduce the chance of later questions.
- D. A licensee may give legal conclusions instead of recommending qualified legal advice when the issue is uncertain.
Correct Answer
A. Recognize licensing, regulation, and enforcement authority at a high exam level.
Explanation
The correct answer is A because Nevada Real Estate Division requires candidates to recognize licensing, regulation, and enforcement authority at a high exam level. The other options rely on unsafe assumptions about custom, oral agreement, escrow, client preference, or independent salesperson authority and do not reflect sound Nevada exam practice.
Question details
- Difficulty: easy
- Domain: License Law and Agency
- Objective: Nevada Real Estate Division