Agency
In Nevada, what is a 'material relationship' that must be disclosed under NRS 645?
AA business or personal relationship between the licensee and a party in the transaction that could affect the licensee's judgment or create a conflict of interest✓ Correct
BA legal relationship between the buyer and seller
CA relationship between the broker and the lender
DA contractual relationship between two listing agents
Explanation
Nevada licensees must disclose any material relationship with parties in a transaction — such as being related to the buyer or seller, having a financial interest in the property, or having a business relationship with a service provider — that could affect the licensee's objectivity.
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