Agency
What is a listing agent's responsibility regarding the seller's disclosure of known defects?
AThe listing agent has no responsibility for the seller's disclosure
BThe listing agent must advise the seller of their disclosure obligations, assist in completing the disclosure form accurately, and ensure material defects are disclosed to buyers✓ Correct
CThe agent must complete the disclosure form for the seller
DThe agent is not allowed to review the seller's disclosure form
Explanation
Nevada listing agents must advise sellers of their disclosure obligations (including the Seller's Real Property Disclosure), help ensure the form is completed accurately, and cannot assist in concealing material defects. Failure to ensure proper disclosure exposes both the seller and agent to liability.
Related Nevada Agency Questions
- A Nevada listing agent receives an offer for $480,000 on a property listed at $499,000. The seller is traveling and unavailable. The agent believes the offer is too low and does not present it. Has the agent violated any duty?
- In Nevada, can a licensee representing a buyer also accept compensation from the seller without violating agency duties?
- What is 'termination of agency' and what events can end an agency relationship in Nevada?
- What is the concept of 'constructive notice' as applied to a buyer's agent in Nevada?
- What is a 'split commission' arrangement in Nevada and how does it work?
- In Nevada, an agent who receives an offer on a listed property must:
- What is the duty of a Nevada agent when presenting multiple offers to a seller?
- In Nevada, what is the 'disclosure of representation' requirement and when must it be made?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →