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3. Required Disclosures & Pre-Showing Agreements

Duties Owed — Nevada’s First-Required Disclosure

Quiz: Duties Owed

Pre-Showing Brokerage Disclosure & Agreement

Quiz: Pre-Showing Brokerage Disclosure & Agreement

Buyer Brokerage Compensation Pre-Showing Addendum (Option A)

Quiz: Buyer Brokerage Comp Addendum (Option A)

Consumer Choice in Your Real Estate Transaction

Quiz: Consumer Choice

Brokerage Disclosure of Referral Agreements

Quiz: Referral Fee Disclosure

Final Exam: Required Disclosures

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Quiz: Duties Owed

3. Required Disclosures & Pre-Showing Agreements
Duties Owed — Nevada’s First-Required Disclosure
Quiz: Duties Owed

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Question 1 of 9

1. Question

When must the Duties Owed form be signed under Nevada law?

After the contract is signed
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FIRST — before any showing, contract, or other document
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Only when there is dual agency
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After the buyer makes an offer
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Question 2 of 9

2. Question

What is the fine for skipping the Duties Owed form or signing it out of order?

$1,000
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$5,000
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$10,000
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$25,000
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Question 3 of 9

3. Question

On the Duties Owed form, what does initialing “May” or “May Not” confirm?

The buyer's pre-approval status
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The seller's asking price
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Confirmation of agency connected to the RPA
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The closing timeline
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Question 4 of 9

4. Question

What is the fine for missing the May / May Not initial?

$1,000
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$2,500
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$5,000
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$10,000
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Question 5 of 9

5. Question

How often does Scofield Group recommend renewing the Duties Owed form?

Every 30 days
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Every 6 months
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Every 12 months
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Only once — never renew
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Question 6 of 9

6. Question

On Line 2 of the Duties Owed form, what rule applies?

Must be signed in blue ink only
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Name must match the Duties Owed
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Must list every property the client viewed
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Must include the lender's name
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Question 7 of 9

7. Question

On the Duties Owed form, where does the agent’s name and complete license number appear?

Next to the agent's signature line at the bottom of the form
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At the TOP of the form — the Duties Owed has NO agent signature line; only the client(s) sign at the bottom
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On a separate cover page
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Only on the broker copy, not the client copy
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Question 8 of 9

8. Question

Beyond your signature, what else must appear on the Duties Owed before any other document is written?

Notary stamp
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Date and time prior to any other document
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Witness signature
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Manager approval
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Question 9 of 9

9. Question

In a dual-agency transaction, what is required for the Duties Owed?

A single combined Duties Owed for both sides
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Two fully executed Duties Owed — one buyer, one seller
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Only the buyer needs to sign one
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The form is waived under dual agency
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