Nevada Timeshare License Practice Exam

Who must supervise each branch office opened by a Project Broker?

1. A general contractor

2. A licensed real estate agent

3. A broker or broker-salesman

4. A real estate assistant

The correct answer is: A broker or broker-salesman

To operate each branch office opened by a Project Broker, it is necessary to have a broker or broker-salesman in a supervisory role. This requirement ensures that all activities within the branch office adhere to state regulations and professional standards. A broker or broker-salesman possesses the necessary training and experience to oversee real estate transactions, manage staff, and ensure compliance with applicable laws. This level of oversight is critical in maintaining the integrity of the real estate business and protecting the interests of clients. In contrast, having a general contractor, a licensed real estate agent, or a real estate assistant in a supervisory position would not fulfill the legal requirements for overseeing a branch office. While a general contractor may have expertise in construction, they do not have the requisite real estate licensing. Similarly, a licensed real estate agent may not have the authority or experience to manage a branch office effectively, and a real estate assistant typically lacks the necessary licensing and authority to supervise operations. Thus, only a broker or broker-salesman meets the criteria mandated for supervision in this context.