Test Drive
• What is a Red Flag?
• Disclosure of Material Facts
• Material Facts Described
• Agent's Statutory Duty of Disclosure
• Seller's Real Property Disclosure Form
• Condition of Residential Property Offered for Sale
• Other Disclosure Requirements
Important Terms
• conveyance
• material fact
• easement
• fraud
• zoning ordinances
Web Links:
• Nevada Revised Statute Website—NRS 113
• Nevada Real Estate Division Website
Lesson Two
• Why Is An Inspection Necessary?
• Exterior Red Flags
• Foundation Cracks
• Grading
• Septic Systems
• Retaining Walls
• Inadequate Window Wells
• Faucet splashblocks
• Swimming Pools and Spas
• Air Conditioning Unit(s) Not Level
• Exterior Electrical Red Flags
Important Terms
• building permit
• crawl space
• down drain
• retaining wall
• septic system
• slab
• splash block
• subterranean termites
• window well
Web Links:
• No links for Lesson Two
Lesson Three
• Roof Red Flags
• Deteriorating Chimney Masonry
• Evaporative Cooler Red Flags
• Red Flags in the Garage
Important Terms:
• combustion gases
• detached garage
• drywall
• evaporative coolers (swamp cooler)
• fire rating
• junction box
• masonry
• rafter
• rolled roofing
• roof decking
• shingles
• solid core door
• trip hazard
• truss
Web Links:
• No links for Lesson Three