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The NRED-B exam has 130 questions and runs 4 hours.
These 10 free NRED-B questions are organized by exam domain, so you can see how each part of the Nevada Real Estate Broker Exam blueprint is tested. Reveal the answer and explanation under each question.
An apartment property has annual potential gross income of $240,000, vacancy and collection loss of $18,000, operating expenses of $72,000, and annual debt service of $54,000. If investors require a 7.5% capitalization rate, what value is indicated by direct capitalization?
Correct answer: B - $2,000,000
A comparable sold for $510,000 and is otherwise similar to the subject, but its renovated kitchen contributes $25,000 more value than the subject's kitchen. How should this difference be handled in the sales-comparison approach?
Correct answer: C - Subtract $25,000 from the comparable because it is superior
A buyer offers $620,000 with acceptance required by 5 p.m. Friday. On Thursday, the seller delivers a signed counteroffer at $635,000. Before the buyer responds, the seller attempts to accept the original $620,000 offer. What is the legal effect under general contract principles?
Correct answer: D - The counteroffer rejected the original offer, so the seller cannot unilaterally accept it
At a property covered by the federal Fair Housing Act, a tenant with a mobility disability asks the landlord to waive a 'no reserved parking' policy and assign the space nearest the entrance. No construction is required, and the space is necessary for equal use of the dwelling. The request is best treated as:
Correct answer: C - A reasonable accommodation to a rule or policy
During a local brokers' luncheon, four competing firms agree that none will accept residential listings below 6% because 'lower fees hurt the profession.' One broker later follows the agreement. The conduct is most accurately characterized as:
Correct answer: D - Horizontal price fixing among competitors
During a preclosing walkthrough, a contractor begins pulling apart crumbling pipe insulation that may contain friable asbestos. Dust is becoming airborne while the buyers are nearby. What should the broker do first?
Correct answer: B - Stop the disturbance, move people away, and contact a qualified asbestos professional
A lender open Monday through Friday receives all six TRID application items on Monday: name, income, Social Security number for a credit report, property address, estimated value, and mortgage amount sought. No federal holiday occurs that week. By when must the lender deliver or mail the Loan Estimate?
Correct answer: B - By Thursday
A Nevada buyer's agent receives a report from a licensed structural engineer stating that a foundation crack is cosmetic. The agent has no contrary information or warning signs. The buyer asks whether Nevada law requires the agent to hire a second engineer before proceeding. What should the agent say?
Correct answer: A - No. The agent may reasonably rely on the qualified expert absent a red flag, while explaining that the buyer may seek another opinion.
A Nevada seller timely delivered the Seller's Real Property Disclosure. Six days before conveyance, a new foundation defect develops, and the seller gives the buyer written notice that day. The contract does not require the seller to pay for repairs. On the second working day after receipt, the buyer decides to rescind. Which action preserves the statutory remedy?
Correct answer: A - Serve written, notarized notice on the escrow holder no later than the fourth working day after receipt
A Nevada purchase agreement places the earnest money in the listing broker's trust account. The buyer cancels under a financing contingency; the seller disputes the cancellation and demands the deposit. The escrow instructions require joint written authorization or a lawful order whenever entitlement is disputed. How should the broker handle the money?
Correct answer: D - Keep it safeguarded until the parties agree in writing or a lawful order directs disbursement
The NRED-B exam also covers these domains. Drill them in the full free practice test:
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