Licensing requirements Flashcards

1
Q

Which of the following is a true statement about license status in Nevada?

A

A license can be voluntarily or involuntarily placed in inactive status, and the licensee can’t practice real estate until her license is reactivated.

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2
Q

How does Nevada state law protect timeshare buyers from making uninformed decisions?

A

The law requires sales contracts to include details about the timeshare operations.

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