The Duty to Disclose [Elective]

Course Goals:

This course is designed to give the licensee a comprehensive understanding of the many issues regarding disclosure in the practice of real estate in Nevada. The common law fiduciary duty of disclosure is explored along with the trend towards more expansive disclosure standards. Discussed in detail are the Seller's Real Property Disclosure Form, the Lead-based Paint Disclosure Statement, RESPA disclosures, and the numerous other disclosures that are required when real property is sold or transfers.

Upon completion of this course, the licensee will have a comprehensive knowledge and checklist of potential disclosures that should be made in a Nevada real estate transaction.

Course Materials:

This course is composed of approximately 62 pages of text divided into six chapters. A review quiz of five questions is at the end of segments 3 through 6. A quiz score of 60% or greater is required for those quizzes before the student is allowed to proceed to the next chapter.

At the end of the course there is a final examination of 30 questions. A test score of 75% or greater is required in order to pass the final exam and complete the course.

The Real Estate Division requires that the final examination is not downloadable or printable. The student will be notified of the number of questions answered correctly after final examination has been completed. The student will NOT be given the questions that were answered incorrectly.