Which of the following statements about Nevada real estate listings is false?

Prepare for the Nevada Key Realty Test with our set of flashcards and multiple choice questions. Each question comes with hints and explanations to help you succeed. Get exam-ready!

The assertion that listings belong to the client is false because in the context of Nevada real estate, listings are generally considered the property of the brokerage. When a seller enters into a listing agreement, they authorize the brokerage to represent their interests in selling the property. The brokerage holds the rights to the marketing and terms of the listing. Therefore, while the client may have control over their property and involvement in decisions regarding the sale, the listing itself is owned by the brokerage that holds the agreement.

The other statements are accurate in the context of Nevada real estate. Listings can indeed be in writing, which is a standard practice to ensure clarity and legal enforceability. Brokerages are also required to cooperate with other brokerages to facilitate transactions and serve the best interests of clients. Furthermore, it is a common regulatory requirement for listings to be submitted to the brokerage the next business day to ensure proper processing and compliance with industry standards.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy