Special topics Flashcards
When a developer plans to create a subdivision in Nevada, what must the developer submit for Nevada Real Estate Division approval?
Statement of record
See NRS 119
John owns Sweetwater Land Company. He has purchased a tract of land near Carson City and is developing a subdivision on it. Before he can begin selling lots, what must John obtain from the Nevada Real Estate Division?
A property report
Alice wants to sell timeshares in Nevada. What is NOT required before she starts selling?
She must submit a timeshare public offering statement to NRED.
Which of the following statements is true about timeshare contract rescission in Nevada?
The buyer is allowed to cancel the sales contract within five days of signing.
Nevada homeowners may grant a ______ that restricts how the area may be used and requires landscaping with low-water use. The homeowner receives a monetary incentive.
Water conservation easement
Sid bought a home with an existing water conservation easement. Which of these actions caused Sid to violate the terms of that agreement?
Sid installed an irrigation system for the landscaping.
Cooper owns land and a water right appurtenant that’s associated with that land. Which of the following is true about this kind of ownership?
Cooper’s water right is silently conveyed to a new owner if he sells the land.
Nevada primarily uses the ______ system of water rights.
Prior appropriation
Homeowner Diana had a solar system installed on her home’s roof, but after a few months she felt it wasn’t producing the power she was promised. The company that sold her the system and installed it didn’t respond to her complaints. What entity can Diana turn to for help?
The Public Utility Commission of Nevada
(The Public Utility Commission regulates solar energy systems in the state and handles complaints against sellers and installers.)
Which of these methods is NOT a way for homeowners to take advantage of solar energy?
Solar diffuser concentration.
(Homeowners can take advantage of solar energy through passive solar building design, solar thermal water heating systems, and photovoltaic (PV) electricity generation. Concentrated solar power (CSP) systems are also available, but they are typically used in large industrial settings.
When a Nevada homeowner grants a conservation easement, it’s an agreement to ______.
Landscape the area using plants and features that use little water
