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What are the three steps of agency?

Agents need to fill out the form. Three steps to agency disclosure are disclose, elect, confirm. is a contract to employ a broker, legally referred to as an agent, to certain things for the owner or seller.

Is dual agency legal in Nevada?

The term means one agent represents both sides in a single real estate transaction: the buyer and the seller. Legal in only a few states, dual representation is a choice disclosed to both parties. Nevada is one of the few states that allows dual representation.

What are the three types of agency recognized in Nevada?

What are three types of agency recognized in Nevada? A: Single agency, dual agency, and assigned agency.

What can an unlicensed property manager do in Nevada?

EXCEPTIONS: an unlicensed individual can manage ONE residential unit for another person, and the OWNER of a multi-unit dwelling of up to four units (i.e., a fourplex) can manage that property provided that he or she occupies one of the units.

What is the maximum fine by NREC per Nevada licensee?

The Commission conducts administrative hearings to determine whether an accused broker or salesperson committed misconduct. Potential penalties include: a $10,000 fine, and/or. a suspension, revocation, or limitation the scope of the brokers license.

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