Steps to Getting Your Nevada Real Estate License

Information Last Verified: February 22, 2021 by Jordan Fabel

The real estate business is always going to be in demand. It is a great career path for those that are willing to be dedicated and work hard. No matter how the economy evolves, there will always be a need for housing, creating great opportunities for professionals. To get started as a real estate agent involves planning and devotion as you go through the steps necessary to become a working expert.

To work as a real estate agent in Nevada, you’ll need to start with obtaining a real estate license. A particular set of steps are in place to go through the process of becoming a licensed real estate agent. Although the process is straight forward, you’ll have to meet all the requirements and pay the appropriate fees.

This article will cover the process of getting your Nevada real estate license. You’ll become familiar with what to expect as far as costs, exams, requirements, and other factors involved in acquiring a license.

Let’s dive right in!

Requirements To Obtain a Nevada Real Estate License

The general requirements in Nevada to obtain a real estate license can be summarized in five steps as follows:

Step 1: Legal Status and Minimum Education

To become a real estate agent, you must be 18 years of age or older, be a U.S. citizen or permanent resident, as well as have a high school diploma or equivalent education.

Step 2: Complete 90 Hours of Education in a Nevada-Approved School

You must enroll and complete 90 hours of Nevada Real Estate Division-approved education courses. Certificates of completion for the following curriculum must be submitted with your application:

There are many options when it comes to completing your real estate education. You’ll have to choose a Nevada real estate school that is approved by the state of Nevada. Many offer different package options that vary in price and support.

Step 3: Complete a Background Check and Fingerprinting

You must submit a background check and fingerprints to the Nevada Department of Public Safety. The state requires real estate agents to go under proper investigation to rule out particular crimes that can disqualify them from working in the industry.

As a real estate license applicant, you will not be approved if you have prior offenses such as grand larceny or theft convictions. The state of Nevada provides a list of approved vendors that can perform background checks and fingerprints. There are multiple locations statewide for your convenience where you’ll be able to make an appointment or, in some cases, walk-in.

You’ll have to submit your real estate agent application within 90 days of your background check and fingerprinting. Otherwise, you’ll be required to get them again and pay new fees. It’s important for you to time everything correctly to avoid delays and to have additional expenses.

Step 4: Pass the Nevada Real Estate Salesperson Licensing Exam

Your school will prep you with the necessary knowledge and practice to pass the Nevada Real Estate Salesperson Licensing Exam. You will have to register for the exam on a provider’s website or office. Any quality school will guide you on the timing and process of the exam registration.

You will find it helpful to get additional tutoring if you feel necessary. The exam can be tricky as there are multiple correct answers, and you will have to detect the best answer. Even misreading one word can change the whole question, which is why you must take your time and read all questions very carefully.

When applying for a real estate license in Nevada, you must have completed the Nevada and National exams within the last 12 months. You must show proof of passing the exam once you apply for your license. If you are licensed in another state, you don’t have to retake the national exam, but you must show proof of the results.

Step 5: Apply for the Nevada Real Estate Salesperson License

Nevada’s fee for applying for a license is $125, and you must have all requirements complete to apply. You’ll complete form 549 of the State of Nevada Department of Business and Industry Real Estate Division. Be sure you have proof of completing all the requirements to submit your license. A good real estate school will guide you through the whole process.

What to Expect From the Nevada Real Estate Exam

The Nevada salesperson real estate exam encompasses two portions, 80 general practice questions and 40 questions of Nevada state law. The score is on a scale from 0 to 100 with a passing score of 75.

You’ll have a total of four hours to complete a computer-generated exam. Two forms of identification that show your signature will be required; one of them must be government-issued. You may enter the exam with a basic calculator with advanced functions where you can store notes.

The general section of the exam covers the following topics:

The state section of the exam includes the following:

The most important factor for having a good exam day is staying calm. Visualize yourself passing and working as a licensed real estate agent. These tips will help you achieve your goal:

Nevada State Reciprocity

In the United States, the real estate boards and commissions allow licensed real estate agents of one state to become licensed in other states more easily. This is great news if you plan to work in multiple states or relocate anywhere.

The state of Nevada has agreements reciprocity for real estate salesperson license with the states below:

Arizona Louisiana
Colorado Minnesota
Delaware South Carolina
Idaho Texas
Illinois Utah
Indiana Washington
Iowa West Virginia
Kentucky

 

Once you’re ready to apply in Nevada, check the state policy if this list has been updated. Your state license in your current state must be in good standing.

Continuing Education (CE) and License Renewal

To maintain a Nevada real estate salesperson license, you will have to renew it every four years. You will have to complete 24 hours of continued education every two years, including 12 hours of core courses (three on ethics, three on contracts, and three on laws and legislation). You must also complete 12 hours of electives. You must attend a classroom setting for at least 12 of the 24 continuing education hours, and the rest may be taken online.

Nevada’s Different Types of Real Estate Licenses

As you get involved in Nevada real estate’s dynamic industry, you’ll want to understand the whole picture. You’ll find three types of Nevada real estate licenses in the market:

  1. Agent/Salesperson License
  2. Broker-Salesperson License
  3. Broker License

According to each type of license, you’ll be able to perform different functions. In the state of Nevada, you will find that each license works as follows:

1. Agent/Salesperson License

This type of license is the basic requirement for representing sellers and buyers under the law for housing market transactions. The license requires that the individual complete 90 hours of real estate education covering basic principles and national and state laws. Although you will facilitate real estate transactions, you will have to work under the authority of a Nevada real estate broker.

2. Broker-Salesperson License

To obtain this type of license, a person has to complete 64 college credits and eight years of industry experience. Individuals can take the real estate broker exam to manage a branch office. After completing two years of experience, a person will be able to become a broker. Those looking to get on a fast-track in the industry may choose to take this exam first and complete their two years of experience instead of obtaining the agent/salesperson license.

3. Broker License

Individuals that obtain this license are allowed to work independently and hire agents to work under their license. This is ideal for those looking to open their real estate agency. It requires you to work as an agent/salesperson or broker-salesperson full-time for at least two years. You will also need to complete a 45-hour broker management course.

All three types of Nevada licenses require individuals to renew them every two years.

How to Get Your Real Estate License Faster

When you decide to get your real estate license, you’ll have a long-term plan that details the timeline. If you put some thought into it, you’ll be sure to have a smooth career transition. There are some tips to follow if you want to make the process of getting your real estate license quicker; let’s review them below:

To begin getting your license, you will be required to work under a broker who will offer their supervision, knowledge, experience, and Nevada real estate training. They will sign off on your license application.

Brokers incur expenses that facilitate real estate agents to carry-out transactions. Every month, you are required to pay a desk fee to cover the services a broker provides.

Each broker may have different fees, which is why it is wise to prospect a few options and weigh the pros and cons of the employers you’re considering. The typical fee charged by brokers can range anywhere from $25 to $500, but there are some cases where it runs high in the $1,000 range. Find a broker that recognizes the challenges new real estate agents have and is willing to accommodate a fee that helps you take off on your career.

Double-check your list of requirements. Once you determine exactly what you need, having everything together in one place will ensure you are ready to go when it is time to apply.