Contracts

Question 1

Which of the following best describes a Nevada listing agreement?

Answer 1

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

Question 2

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

Answer 2

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.

Question 3

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?

Answer 3

Danielle’s broker and the client

Question 4

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

Answer 4

Exclusive representation

Question 5

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

Answer 5

Be in writing