Duties and powers of the commission

Question 1

Which of the following actions would NOT leave a licensee open to disciplinary action by Nevada’s Real Estate Commission?

Answer 1

Performing marketing actions without measurable success.

Question 2

Christine is about to be tried by the Nevada Real Estate Commission. And, of course, she will be allowed due process. Which of the following is an example of due process?

Answer 2

She has a right to a be heard in a legal proceeding.

Question 3

Jessica is a Nevada licensee who made some mistakes that landed her in court with three former clients. Unfortunately, she was found guilty of misrepresentation, and the judgment awarded the three complainants $30,000 each in damages. Jessica has no money, and all three complainants make petitions to the Nevada Real Estate Education, Research, and Recovery Fund. What is the maximum that the fund will pay out to Jessica’s complainants?

Answer 3

$75,000—With a per judgment maximum of $25,000, each claimant can get $25,000.