NV Bar Nevada Property Law

Question 1

Under Nevada law, which deed provides the greatest protection to a buyer by warranting title against all claims?

Accepted Answer

General warranty deed

Answer

Quitclaim deed

Answer

Special warranty deed

Answer

Grant deed

Question 2

Nevada follows which recording act priority system for real property?

Accepted Answer

Race-notice

Answer

Pure notice

Answer

Pure race

Answer

First in time, first in right

Question 3

In Nevada, what is the statute of limitations for adverse possession?

Accepted Answer

15 years

Answer

5 years

Answer

10 years

Answer

20 years

Question 4

Nevada's homestead exemption protects what maximum amount of equity in a primary residence from creditors?

Accepted Answer

$550,000

Answer

$100,000

Answer

$250,000

Answer

$605,000

Question 5

Under Nevada law, a landlord must provide how much notice to terminate a month-to-month tenancy?

Accepted Answer

30 days

Answer

14 days

Answer

45 days

Answer

60 days

Question 6

In Nevada, for a residential eviction for nonpayment of rent, a landlord must first serve which notice?

Accepted Answer

5-Day Notice to Pay or Quit

Answer

3-Day Notice to Quit

Answer

7-Day Notice to Pay or Quit

Answer

30-Day Notice to Vacate