Nevada · state portion

Free Nevada Commission Duties & Powers practice questions

10 original questions with full explanations. 1 of the 40 scored state-portion questions (about 3%) come from this area.

1. 1

   The Nevada Real Estate Commission has the power to impose which of the following sanctions on a licensee found guilty of misconduct?

   • A. Suspension of the licensee's real estate license
   • B. Revocation of the licensee's real estate license
   • C. A fine of up to $10,000
   • D. All of the above
   Show answer & explanation

   Answer: D

   The Nevada Real Estate Commission has the authority to impose various sanctions, including suspension or revocation of a license and fines, on a licensee found guilty of misconduct.

2. 2

   The Real Estate Education, Research and Recovery Fund is funded by

   • A. fees paid by consumers
   • B. fines paid by real estate licensees
   • C. interest earned on real estate transactions
   • D. a portion of the real estate license fees paid by licensees
   Show answer & explanation

   Answer: D

   The Real Estate Education, Research and Recovery Fund is funded by a portion of the real estate license fees paid by licensees.

3. 3

   A Nevada real estate salesperson is suspected of misconduct. What is the next step in the process?

   • A. The salesperson's broker handles the issue internally
   • B. The complaint is filed directly with the court system
   • C. The salesperson is immediately suspended or revoked
   • D. The Nevada Real Estate Division conducts an investigation
   Show answer & explanation

   Answer: D

   The Nevada Real Estate Division conducts an investigation into suspected misconduct by a real estate salesperson.

4. 4

   An appeal of a decision by the Nevada Real Estate Commission is made to which of the following?

   • A. the Nevada Supreme Court
   • B. the Real Estate Division
   • C. the Commission itself
   • D. the District Court
   Show answer & explanation

   Answer: D

   An appeal of a Commission decision is made to the District Court.

5. 5

   The primary purpose of the Nevada Real Estate Division and the Real Estate Commission is to

   • A. protect the interests of real estate licensees
   • B. collect and distribute real estate transaction fees
   • C. provide education and training for real estate licensees
   • D. regulate the real estate industry and protect the public
   Show answer & explanation

   Answer: D

   The Nevada Real Estate Division and the Real Estate Commission are responsible for regulating the real estate industry and protecting the public.

6. 6

   A Nevada real estate licensee is convicted of a crime. What must the licensee do?

   • A. notify their broker, who will then notify the Real Estate Division
   • B. apply for a new license
   • C. do nothing, as the conviction is not relevant to their real estate activities
   • D. notify the Real Estate Division in writing within a certain time frame
   Show answer & explanation

   Answer: D

   Nevada licensees are required to inform the Real Estate Division of certain events, including a conviction or guilty/no contest plea.

7. 7

   What is the result if a Nevada real estate licensee fails to notify the Real Estate Division of a change in their broker association within the required timeframe?

   • A. the licensee's license is automatically revoked
   • B. there is no consequence for the licensee
   • C. the licensee's license is suspended until the notification is made
   • D. the licensee is subject to a fine or other disciplinary action
   Show answer & explanation

   Answer: D

   Failing to timely notify the Division of a change in broker association may result in disciplinary action, including a fine.

8. 8

   What is the result of a successful appeal of a disciplinary action against a Nevada real estate licensee?

   • A. The disciplinary action is automatically overturned
   • B. The case is reheard by the Real Estate Commission
   • C. The licensee's license is automatically reinstated
   • D. The disciplinary action may be modified or overturned
   Show answer & explanation

   Answer: D

   A successful appeal of a disciplinary action against a Nevada real estate licensee may result in the disciplinary action being modified or overturned.

9. 9

   What is the purpose of the Real Estate Education, Research and Recovery Fund?

   • A. To provide financial assistance to real estate licensees who are struggling financially
   • B. To fund research projects related to the real estate industry
   • C. To pay for the operating expenses of the Nevada Real Estate Division
   • D. To reimburse consumers who have obtained an unsatisfied judgment against a licensee
   Show answer & explanation

   Answer: D

   The Real Estate Education, Research and Recovery Fund reimburses consumers who have obtained an unsatisfied judgment against a licensee for fraud or misrepresentation.

10. 10

    The Nevada Real Estate Commission's disciplinary hearings are

    • A. open to the public, but the licensee's identity is kept confidential
    • B. closed to the public, but the findings are made public
    • C. closed to the public, and the findings are also kept confidential
    • D. open to the public, and the findings are also made public
    Show answer & explanation

    Answer: D

    While the hearings themselves may be closed, the Commission's findings and any resulting disciplinary actions are typically made public.