NV Bar Nevada Property Law 1

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

A general warranty deed provides the broadest title protection, warranting the title against all claims by any person whether arising before or during the grantor's ownership.

Question 2

Nevada follows which recording act priority system for real property?

Accepted Answer

Race-notice

Answer

Nevada follows a race-notice recording act under NRS 111.325, protecting subsequent purchasers who record first AND take without notice of prior unrecorded claims.

Question 3

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

Accepted Answer

15 years

Answer

Under NRS 11.070, the statute of limitations for adverse possession in Nevada is 15 years of continuous, open, hostile, exclusive, and actual possession.

Question 4

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

Accepted Answer

$550,000

Answer

Under NRS 21.090(1)(l), Nevada's homestead exemption protects up to $550,000 in equity in a primary residence from general creditor claims.

Question 5

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

Accepted Answer

30 days

Answer

Under NRS 40.251, a landlord must give a tenant at least 30 days' written notice to terminate a month-to-month tenancy.

NV Bar - Nevada Bar Exam Practice Test

NV Bar - Nevada Bar Exam Practice Test

NV Bar Nevada Property Law 1