EstatePass
AgencyMaterial_fact_disclosureEASY

A licensee buying property in Nevada must:

Correct Answer

B) Disclose their licensee status in writing before making an offer

Nevada law requires licensees to disclose their license status in writing when they have a personal interest in a transaction.

Answer Options
A
Pay above market
B
Disclose their licensee status in writing before making an offer
C
Use a different firm
D
Get NRED approval

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Related Topics & Key Terms

Related Topics:

NRS 645.252material fact disclosurepersonal interest transactionsfiduciary dutyconflict of interest

Key Terms:

licensee disclosurepersonal interestwritten disclosureNRS 645.252buying propertyconflict of interest
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