Nevada Real Estate License

Definition - What does Nevada Real Estate License mean?

The State of Nevada Real Estate Division is responsible for issuing real estate licenses to salespersons and brokers within the state. Individuals may seek one of three license levels of Salesperson, Broker/Salesperson, and Broker. Those who wish to attain a Nevada Real Estate License must meet the following requirements:
  • Submit a completed Form 549
  • Complete approved education (Educational requirements vary according to desired license level)
  • Approved fingerprint records
  • Pass both the Nevada State Real Estate Salesperson and Broker exam and the National exam
  • Submit any previous license history
The fee for a salesperson level license is $210. Broker/salesperson and broker licenses cost $250.

The Nevada State exam consists of 40 multiple-choice questions and must be completed within 60 minutes. Applicants must answer 80 multiple-choice questions for the national exam in 120 minutes. Both exams must be passed in order to attain the license. Taken together, individuals face 120 questions in 180 minutes. The exams may be taken together or individually. A passing score is 75% or higher.

Testopedia explains Nevada Real Estate License

The national exam covers:
  • Property Ownership - 5-6 questions
  • Land Use Controls and Regulations - 5 questions
  • Valuation and Market Analysis - 7-8 questions
  • Financing - 7 questions
  • Laws of Agency - 10-11 questions
  • Mandated Disclosures - 7-8 questions
  • Contracts - 10 questions
  • Transfer of Title - 4-6 questions
  • Practice of Real Estate - 11-12 questions
  • Real Estate Calculations - 5-7 questions
  • Specialty Areas - 4-5 questions
The state exam covers the following topics as they pertain to the state of Nevada:
  • Commission Duties and Powers - 2 questions
  • Licensing - 3-4 questions
  • Property Disclosures - 7-8 questions
  • Record Keeping - 2-6 questions
  • Contracts - 5-10 questions
  • Advertising - 4-5 questions
  • Agency/Brokerage - 10 questions
  • Special Topics - 1 question
Nevada offers reciprocal real estate licenses for various license levels from the states: Arizona, Colorado, California, Connecticut, Delaware, District of Columbia, Florida, Idaho, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, New Jersey, New Mexico, New York, Ohio, Pennsylvania, Rhode Island, Tennessee, Texas, Utah, Virginia, and West Virginia. This may absolve applicants from taking the national exam again.

Connect with us

Testopedia on Linkedin
Testopedia on Linkedin
Tweat www.testopedia.com
"Testopedia" on Twitter


'@Testopedia'
Sign up for Testopedia's Free Newsletter!