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The Nevada Real Estate Commission holds hearings and issues sanctions to licensees who are suspected of having violated Nevada's real estate laws. This lesson will examine the commission's role in disciplining Nevada licensees.
Primarily, licensees are expected to always be honest with the general public and other parties to a transaction. They must also promptly disclose all known defects or material information about the transaction and maintain the same level of skill and professionalism that they do in dealing with clients. Nevada Real Estate Licensee Duties Owed Form - Study.com Study.com ? ... ? Nevada Real Estate Agencies Study.com ? ... ? Nevada Real Estate Agencies
The seller's real property disclosure must be completed, signed by the seller and furnished to the purchaser or purchaser's agent no less than ten days before the property is scheduled to close. Seller's Real Property Disclosure for Nevada Real Estate | Study.com study.com ? academy ? lesson ? sellers-real-prope... study.com ? academy ? lesson ? sellers-real-prope...
If you are acting as an agent in a real estate transaction in Nevada, even if you are a Nevada licensed real estate agent representing yourself as a principal in the transaction, you are required to provide the other party in the transaction with the form when the other party is not represented by a Nevada real estate ...
Brokers are required to place any earnest money deposits they receive into a trust account at a Nevada bank.
The Real Estate Commission is a five-member body, appointed by the governor, that acts in an advisory capacity to the Division, adopts regulations, and conducts disciplinary hearings. Commission - NV Real Estate Division - State of Nevada nv.gov ? Content ? Real_Estate ? Commission nv.gov ? Content ? Real_Estate ? Commission
The seller must complete the ?Seller's Real Property Disclosure? form, detailing the condition of the property, known defects, and any other aspects of the property which may affect its use or value. A real estate licensee, unless he is the seller of the property, may not complete this form.
(4) Confidentiality: a real estate agent must keep confidential all information obtained during his/her representation of the client. The duty of confidently is forever; it survives termination of the agency relationship. How Can Homebuyers Avoid Dual Agency in Massachusetts? buyersbrokersonly.com ? buying ? dual-age... buyersbrokersonly.com ? buying ? dual-age...