Condominium Common Element With Bright Red Blood In Nevada
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Expert-Verified Answer. The correct answer is option D, Owner - Tenant, as it is not an example of an agency relationship. In an agency relationship, one party acts on behalf of another, which does not occur between an owner and a tenant.
In Nevada law, the types of agency relationships recognized include designated agency, transactional agency, and universal agency, while sole agency is not recognized.
Communities of Interest are often defined as “a contiguous population which shares common social and economic interests that should be included within a single district for purposes of fair and effective representation.”
If you Google 'CIC' you will find organizations relating to everything from immigration to colleges to cooperation… but as it relates to real estate a CIC is a Common Interest Community.
Federal and state laws regulate HOAs in Nevada, but it is the Nevada Real Estate Department that is ultimately responsible for maintaining the proper functioning of HOAs and their communities.
Although it is illegal in some states for a real estate agent to act as a dual agent, it is legal in Las Vegas, so long as the agent obtains informed consent from both the buyer and seller.
Which of the following is not a requirement for every Nevada brokerage agreement with the option for exclusive agency representation? An automatic renewal clause.
An assigned agency relationship occurs when the principal broker in an office assigns one agent to represent the seller, and one agent to represent the buyer. An ethical wall requires that both agents keep their clients' private information separate and confidential from each other.
The Commission for Common-Interest Communities and inium Hotels is a seven-member body, appointed by the governor that acts in an advisory capacity to the Division, adopts regulations, and conducts disciplinary hearings.
Federal and state laws regulate HOAs in Nevada, but it is the Nevada Real Estate Department that is ultimately responsible for maintaining the proper functioning of HOAs and their communities.
