Contracts Flashcards

1
Q

Which of the following best describes a Nevada listing agreement?

A

A legally binding, oral or written contract between a property seller and a listing broker

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2
Q

Which of these Nevada licensees is properly following the rules when advertising their services or a listing?

A

Salesperson Mary Jade includes her own name, her license number, and the name of her affiliated brokerage, Superstar Realty, in all her ads, in a way that’s easy to see.

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3
Q

Danielle is a licensed salesperson in Nevada. She signs a listing contract after negotiating compensation with the seller. Who are the two parties to the listing contract?

A

Danielle’s broker and the client

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4
Q

Which type of brokerage agreement prohibits other licensees from interfering with the client-broker relationship?

A

Exclusive representation

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5
Q

The Nevada statute of frauds stipulates that a purchase contract must ____.

A

Be in writing

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