Nevada Real Estate Broker — Requirements & Free Practice
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Real Estate Branch Office License
Additional license for a real estate broker’s branch office, issued in the broker’s main-office licensed name and displayed conspicuously at the branch.
Licensing authority: Nevada Real Estate Division, Department of Business and Industry · Application information
Additional licensed branch office
- Broker Held
- The broker already holds a Nevada license; issue the branch license in the main-office licensed name and display it at that branch.
- Supervision
- Supervised by a broker or broker-salesperson with two years of active experience in the preceding four; one supervisor may not manage more than one branch.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 645
NRS 645.530 — complete operative provision
- Nevada Administrative Code, Chapter 645
NAC 645.175 — complete operative provision
- Nevada Administrative Code, Chapter 645
NAC 645.177 — complete operative provision
Branch office license renewal
- Existing Branch
- Maintain the existing additional branch license under the broker’s licensed name; submit the Division branch-office renewal and applicable fee.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 645
NRS 645.780 — complete operative provision
- Nevada Revised Statutes, Chapter 645
NRS 645.530 — complete operative provision
Real Estate Broker-Salesperson
Broker-qualified licensee associated with a licensed broker or registered owner-developer; may be licensed on behalf of an eligible corporation or LLC.
Licensing authority: real estate division of the department of business and industry · Application information
Restoration after court ordered child support suspension
- Release Letter
- The Division must receive the district attorney’s or other public agency’s letter under NRS 425.550 establishing compliance with the subpoena/warrant or satisfaction of arrearage under NRS 425.560.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 645
NRS 645.648 — 2. The Division shall reinstate
Initial licensure on behalf of a corporation
- Age
- Must be at least 18 years old (Form 549).
- Application
- Submit Form 549, required supporting documents, and the $160 broker or broker-salesperson license fee.
- Association
- Must associate with a Nevada licensed broker or registered owner-developer; the broker experience threshold is not required for initial broker-salesperson issuance under NRS 645.475.
- Character
- NRS 645.330 requires honesty, trustworthiness, integrity, competence, truthful application, and all required information; criminal or licensing history may prevent approval.
- Child Support
- Complete and sign the statutory child-support statement; issuance or renewal is denied if it is missing or reports noncompliance with an order or approved repayment plan, under NRS 645.358.
- Education
- 64 semester college credits, including the subjects in NRS 645.343(2); experience credit is 16 units per two years within the preceding ten years, up to eight years, excluding Nevada law and broker management. Submit certified transcripts or education certificates. Form 501 specifies 18 hours Nevada law and 45 hours Nevada-specific broker management; applicable contract/agency education and attorney degree-equivalency policies remain educational conditions.
- Entity Restriction
- The license authorizes acting on behalf of the identified entity; comply with the statutory entity documentation and ownership restrictions.
- Entity Role
- Be the sole shareholder of an eligible corporation or manager of an LLC under NRS 645.387; associate with a licensed broker. A nonvoting spouse’s community interest does not count as a second corporate shareholder.
- Fingerprints
- Sign and date the fingerprint background waiver before fingerprints; submit verification from an approved vendor, with Form 549 specifying expiration after two months.
- Nonresident
- Nonresidents submit notarized consent to service of process, Form 656.
- Prior License History
- If licensed during the preceding ten years, submit certified license history dated within 90 days of application (Form 501).
First active license renewal
- Education
- Initial renewal requires postlicensing education under NAC 645.4442 unless exempt; exempt licensees complete applicable continuing education. Subsequent renewal requires 36 hours under NAC 645.448, including 6 broker-management hours and at least 50 percent live instruction, subject to the rural-distance exception.
- Filing
- Submit Form 580 and renewal fee before expiration; brokers also submit annual trust-account reconciliation or exemption affidavit.
- License Period
- First renewal follows the initial 12-month license period; later renewals follow 24-month periods under NRS 645.780.
- Senior Exemption
- Under NAC 645.449, approved licensees aged 65 or older with at least 30 years of Nevada good-standing licensure instead complete 15 mandatory hours; permit continuing education remains required.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 645
NRS 645.490 — 3. Except as otherwise
- Nevada Revised Statutes, Chapter 645
NRS 645.575 — complete operative provision
- Nevada Administrative Code, Chapter 645
NAC 645.445 — complete operative provision
- Nevada Administrative Code, Chapter 645
NAC 645.4442 — complete operative provision
- Nevada Real Estate Division: Form 580
Page 1 — renewal education
Renewal while remaining inactive
- Education
- The Division states continuing education certificates are not submitted with inactive renewal; education must be completed when reinstating as applicable.
- Inactive
- Maintain inactive status and pay each renewal fee on time; the inactive license permits no real estate activity.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Administrative Code, Chapter 645
NAC 645.320 — complete operative provision
- Nevada Real Estate Division: Inactive Real Estate Licenses FAQ
FAQ — renewing inactive license
Initial licensure by examination
- Age
- Must be at least 18 years old (Form 549).
- Application
- Submit Form 549, required supporting documents, and the $160 broker or broker-salesperson license fee.
- Association
- Must associate with a Nevada licensed broker or registered owner-developer; the broker experience threshold is not required for initial broker-salesperson issuance under NRS 645.475.
- Character
- NRS 645.330 requires honesty, trustworthiness, integrity, competence, truthful application, and all required information; criminal or licensing history may prevent approval.
- Child Support
- Complete and sign the statutory child-support statement; issuance or renewal is denied if it is missing or reports noncompliance with an order or approved repayment plan, under NRS 645.358.
- Education
- 64 semester college credits, including the subjects in NRS 645.343(2); experience credit is 16 units per two years within the preceding ten years, up to eight years, excluding Nevada law and broker management. Submit certified transcripts or education certificates. Form 501 specifies 18 hours Nevada law and 45 hours Nevada-specific broker management; applicable contract/agency education and attorney degree-equivalency policies remain educational conditions.
- Fingerprints
- Sign and date the fingerprint background waiver before fingerprints; submit verification from an approved vendor, with Form 549 specifying expiration after two months.
- Nonresident
- Nonresidents submit notarized consent to service of process, Form 656.
- Passing Results
- Original state and national passing results within the last 12 months.
- Prior License History
- If licensed during the preceding ten years, submit certified license history dated within 90 days of application (Form 501).
Initial licensure on behalf of a llc
- Age
- Must be at least 18 years old (Form 549).
- Application
- Submit Form 549, required supporting documents, and the $160 broker or broker-salesperson license fee.
- Association
- Must associate with a Nevada licensed broker or registered owner-developer; the broker experience threshold is not required for initial broker-salesperson issuance under NRS 645.475.
- Character
- NRS 645.330 requires honesty, trustworthiness, integrity, competence, truthful application, and all required information; criminal or licensing history may prevent approval.
- Child Support
- Complete and sign the statutory child-support statement; issuance or renewal is denied if it is missing or reports noncompliance with an order or approved repayment plan, under NRS 645.358.
- Education
- 64 semester college credits, including the subjects in NRS 645.343(2); experience credit is 16 units per two years within the preceding ten years, up to eight years, excluding Nevada law and broker management. Submit certified transcripts or education certificates. Form 501 specifies 18 hours Nevada law and 45 hours Nevada-specific broker management; applicable contract/agency education and attorney degree-equivalency policies remain educational conditions.
- Entity Restriction
- The license authorizes acting on behalf of the identified entity; comply with the statutory entity documentation and ownership restrictions.
- Entity Role
- Be the sole shareholder of an eligible corporation or manager of an LLC under NRS 645.387; associate with a licensed broker. A nonvoting spouse’s community interest does not count as a second corporate shareholder.
- Fingerprints
- Sign and date the fingerprint background waiver before fingerprints; submit verification from an approved vendor, with Form 549 specifying expiration after two months.
- Nonresident
- Nonresidents submit notarized consent to service of process, Form 656.
- Prior License History
- If licensed during the preceding ten years, submit certified license history dated within 90 days of application (Form 501).
Reinstatement following military service
- Deadline
- Apply within six months after termination of service; pay the reinstatement fee and provide certified honorable discharge or satisfactory service certificate. The statute expressly allows reinstatement without examination.
- Military Status
- License placed inactive at the licensee’s request for military service and up to six months after discharge.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 645
NRS 645.600 — complete operative provision
Initial licensure for an applicant holding an equivalent out of state license
- Age
- Must be at least 18 years old (Form 549).
- Application
- Submit Form 549, required supporting documents, and the $160 broker or broker-salesperson license fee.
- Association
- Must associate with a Nevada licensed broker or registered owner-developer; the broker experience threshold is not required for initial broker-salesperson issuance under NRS 645.475.
- Character
- NRS 645.330 requires honesty, trustworthiness, integrity, competence, truthful application, and all required information; criminal or licensing history may prevent approval.
- Child Support
- Complete and sign the statutory child-support statement; issuance or renewal is denied if it is missing or reports noncompliance with an order or approved repayment plan, under NRS 645.358.
- Education
- 64 semester college credits, including the subjects in NRS 645.343(2); experience credit is 16 units per two years within the preceding ten years, up to eight years, excluding Nevada law and broker management. Submit certified transcripts or education certificates. Form 501 specifies 18 hours Nevada law and 45 hours Nevada-specific broker management; applicable contract/agency education and attorney degree-equivalency policies remain educational conditions.
- Equivalent License
- Hold an equivalent current real estate license issued outside Nevada; education/experience credit is subject to NRS 645.343 and Form 501. Another jurisdiction’s own examination is prior applicant evidence, not a Nevada requirement leaf.
- Fingerprints
- Sign and date the fingerprint background waiver before fingerprints; submit verification from an approved vendor, with Form 549 specifying expiration after two months.
- General Exam Waiver
- {"quote":"a) Pass Nevada State exam within last 12 months.\n b) Pass general exam within last 12 months. (Licensed out-of-state applicants are not required to take general exam if\n applying for equivalent license.)","source":"Nevada Real Estate Division Form 501, Page 1, A.5(b)","value":"Licensed out-of-state applicants applying for an equivalent license need not take the general exam. The route retains the currently offered examination involved, with the exemption as an applicant condition."}
- Nonresident
- Nonresidents submit notarized consent to service of process, Form 656.
- Prior License History
- If licensed during the preceding ten years, submit certified license history dated within 90 days of application (Form 501).
- State Score
- Nevada state passing score must be within the last 12 months.
Existing broker qualified licensee becoming an owner developer sales manager
- Experience
- At least two years licensed experience during the immediately preceding four years under NRS 645.289.
- License Held
- Already broker-qualified and licensed; a broker working for an owner-developer must change status to broker-salesperson under NAC 645.750.
- Notice
- Notify the Division on its prescribed form before associating as sales manager, and upon termination.
- Restriction
- Work only on the registered owner-developer’s development and do not concurrently associate with a real estate broker.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 645
NRS 645.035 — complete operative provision
- Nevada Revised Statutes, Chapter 645
NRS 645.289 — complete operative provision
- Nevada Administrative Code, Chapter 645
NAC 645.750 — complete operative provision
Prompt reassociation following employing broker’s failure to renew
- Current License
- The broker-salesperson’s own license has been renewed.
- Deadline
- Within 30 calendar days, transfer to another broker and pay required fees, or reactivate with the previous broker if that broker reinstates and renews within 30 days; otherwise use NAC 645.325.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Administrative Code, Chapter 645
NAC 645.345 — complete operative provision
Reinstatement from inactive renewed status for more than two years
- Application
- Form 544, fees, Recovery Fund evidence, financial statement for brokers, education under NAC 645.4441, fingerprints when required, and broker attachments under Form 544.
- Format
- Form 544 identifies only the Nevada state examination for reinstatement.
- Inactive Duration
- In good standing with an inactive renewed license for more than two years; also show competency to the Administrator’s satisfaction under NAC 645.325.
- Threshold Disagreement
- Form 544 says 24 months or more, whereas NAC 645.325(2) says more than two years.
Reinstatement from inactive renewed status for two years or less
- Application
- Submit Form 544, required fees, Recovery Fund evidence, applicable continuing or postlicensing education, and any requested current fingerprint verification. Brokers supply the financial statement and applicable business attachments.
- Inactive Duration
- In good standing, inactive renewed for no more than two years; involuntary inactivation uses applicable NAC 645.325 requirements through NAC 645.360.
- Threshold Disagreement
- {"quote":"EXAM: For licensees that have a “renewed/inactive” status for 24 months (2 years) or more, only the state\n exam must be taken.","source":"Form 544, Page 1 — EXAM","value":"The higher-ranked NAC 645.325(2) requires examination after more than two years; Form 544 states 24 months or more. At exactly two years the form demands the state exam, while the rule’s additional examination threshold has not been met."}
Official no-examination sources
Effective from 2026-09-22.
- Nevada Administrative Code, Chapter 645
NAC 645.325 — 1. A licensee who is in good standing
- Nevada Administrative Code, Chapter 645
NAC 645.325 — 2. If a license has been
- Nevada Administrative Code, Chapter 645
NAC 645.4441 — complete operative provision
Original license reapplication after expiration exceeding one year
- Age
- Must be at least 18 years old (Form 549).
- Application
- Submit Form 549, required supporting documents, and the $160 broker or broker-salesperson license fee.
- Association
- Must associate with a Nevada licensed broker or registered owner-developer; the broker experience threshold is not required for initial broker-salesperson issuance under NRS 645.475.
- Character
- NRS 645.330 requires honesty, trustworthiness, integrity, competence, truthful application, and all required information; criminal or licensing history may prevent approval.
- Child Support
- Complete and sign the statutory child-support statement; issuance or renewal is denied if it is missing or reports noncompliance with an order or approved repayment plan, under NRS 645.358.
- Closure
- After more than one year expired, submit a new original application with new passing examination results and fingerprint verification; applicable original-license exemptions remain applicant conditions.
- Education
- 64 semester college credits, including the subjects in NRS 645.343(2); experience credit is 16 units per two years within the preceding ten years, up to eight years, excluding Nevada law and broker management. Submit certified transcripts or education certificates. Form 501 specifies 18 hours Nevada law and 45 hours Nevada-specific broker management; applicable contract/agency education and attorney degree-equivalency policies remain educational conditions.
- Fingerprints
- Sign and date the fingerprint background waiver before fingerprints; submit verification from an approved vendor, with Form 549 specifying expiration after two months.
- Nonresident
- Nonresidents submit notarized consent to service of process, Form 656.
- Prior License History
- If licensed during the preceding ten years, submit certified license history dated within 90 days of application (Form 501).
Licensed broker changing to broker salesperson status
- License Held
- Already hold a Nevada broker license; file the Division’s status-change application and arrange the new broker association.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Administrative Code, Chapter 645
NAC 645.305 — 3. A real estate broker
Licensure under a Commission reciprocal agreement
- Division Discretion
- Issuance is discretionary; NRS 645.332(3) permits refusal for disqualifying acts.
- Implementation Notice
- Form 501 labels its published reciprocity list as Nevada Salesperson License Only. That list does not establish broker or broker-salesperson reciprocal agreement eligibility.
- Reciprocal Agreement
- NRS 645.332(2) authorizes issuance only if the issuing jurisdiction has entered into a reciprocal agreement with the Commission; the applicant must hold an equivalent license in good standing. This survey does not establish a particular executed reciprocal agreement or assert that one exists.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 645
NRS 645.330 — 1. Except as otherwise
- Nevada Revised Statutes, Chapter 645
NRS 645.332 — 2. The Division may issue
- Nevada Revised Statutes, Chapter 645
NRS 645.332 — 3. The Division may refuse
Subsequent active license renewal
- Education
- Initial renewal requires postlicensing education under NAC 645.4442 unless exempt; exempt licensees complete applicable continuing education. Subsequent renewal requires 36 hours under NAC 645.448, including 6 broker-management hours and at least 50 percent live instruction, subject to the rural-distance exception.
- Filing
- Submit Form 580 and renewal fee before expiration; brokers also submit annual trust-account reconciliation or exemption affidavit.
- License Period
- First renewal follows the initial 12-month license period; later renewals follow 24-month periods under NRS 645.780.
- Senior Exemption
- Under NAC 645.449, approved licensees aged 65 or older with at least 30 years of Nevada good-standing licensure instead complete 15 mandatory hours; permit continuing education remains required.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 645
NRS 645.490 — 3. Except as otherwise
- Nevada Revised Statutes, Chapter 645
NRS 645.575 — complete operative provision
- Nevada Administrative Code, Chapter 645
NAC 645.445 — complete operative provision
- Nevada Administrative Code, Chapter 645
NAC 645.448 — complete operative provision
- Nevada Real Estate Division: Form 580
Page 1 — renewal education
cooperative certificate
Certificate authorizing an out-of-state licensed real estate broker to cooperate with a Nevada broker, subject to application and fee requirements.
Licensing authority: real estate division · Application information
Single transaction out of state cooperative certification
- Agreement
- Complete the Division application with cooperating Nevada broker consent, current license, ten-year employment history, client/property identification, representative information, photograph, disclosures and fees. Nevada broker controls the transaction and funds.
- Duration
- Expires at the earlier of 12 months or completion/termination of the single identified transaction; every additional cooperation arrangement requires a separate certificate.
- License Held
- A natural person holding an active broker license in good standing where the person’s principal business is located; a Nevada resident holding another jurisdiction’s license is ineligible.
- Representation
- May represent only a non-Nevada-resident purchaser of Nevada real estate, under NAC 645.185(11); no seller representation under this certificate.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Administrative Code, Chapter 645
NAC 645.180 — complete operative provision
- Nevada Administrative Code, Chapter 645
NAC 645.185 — complete operative provision
Real Estate Broker
Individual broker license and broker licenses issued to designated or additional managers, partners, or officers acting on behalf of a business organization.
Licensing authority: Nevada Real Estate Division · Application information
Additional entity license for an individually licensed broker
- Entity Role
- Be the registered officer, manager, or partner as applicable. Submit Form 533, registration documents, location-of-records Form 512, and fee.
- License Held
- Already hold an individual Nevada broker license; the additional license must be an eligible corporation, LLC, or partnership license.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Real Estate Division: Form 508
Page 2 — dual licenses
- Nevada Real Estate Division: Form 533
Page 1 — corporate, partnership, LLC documents
Additional individual license for an entity designated broker
- Filing
- Submit Form 533, original license fee and other fees, entity awareness statement, fictitious-name filing if applicable, and Form 512; keep separate office records and trust account.
- License Held
- Already licensed as entity-designated broker under NRS 645.370 or 645.380.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Administrative Code, Chapter 645
NAC 645.380 — complete operative provision
- Nevada Real Estate Division: Form 533
Page 1 — individual broker documents
Initial separate license for additional organization members or officers
- Age
- Must be at least 18 years old (Form 549).
- Application
- Submit Form 549, required supporting documents, and the $160 broker or broker-salesperson license fee.
- Business
- Submit approved business name where applicable, certified entity or fictitious-name filings as applicable, location-of-records Form 512, and Nevada office documentation. Form 508 requires an accessible office, conspicuous sign, broker visit at least every 30 days, and Form 508A for a home office.
- Character
- NRS 645.330 requires honesty, trustworthiness, integrity, competence, truthful application, and all required information; criminal or licensing history may prevent approval.
- Child Support
- Complete and sign the statutory child-support statement; issuance or renewal is denied if it is missing or reports noncompliance with an order or approved repayment plan, under NRS 645.358.
- Education
- 64 semester college credits, including the subjects in NRS 645.343(2); experience credit is 16 units per two years within the preceding ten years, up to eight years, excluding Nevada law and broker management. Submit certified transcripts or education certificates. Form 501 specifies 18 hours Nevada law and 45 hours Nevada-specific broker management; applicable contract/agency education and attorney degree-equivalency policies remain educational conditions.
- Entity Role
- A member or officer other than the entity-designated broker under NRS 645.370 who performs broker acts must obtain a separate broker license in the person’s own name under NRS 645.380, restricted to acting for that entity unless a permitted additional individual license is obtained.
- Experience
- At least two years of full-time active licensed real estate experience in the four years immediately preceding issuance, under NRS 645.330(4); furnish Form 509 or certified broker license history.
- Financial
- Form 508 requires Form 558 and a credit report with score dated within 30 days.
- Fingerprints
- Sign and date the fingerprint background waiver before fingerprints; submit verification from an approved vendor, with Form 549 specifying expiration after two months.
- Nonresident
- Nonresidents submit notarized consent to service of process, Form 656.
- Prior License History
- If licensed during the preceding ten years, submit certified license history dated within 90 days of application (Form 501).
Restoration after court ordered child support suspension
- Release Letter
- The Division must receive the district attorney’s or other public agency’s letter under NRS 425.550 establishing compliance with the subpoena/warrant or satisfaction of arrearage under NRS 425.560.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 645
NRS 645.648 — 2. The Division shall reinstate
Broker salesperson conversion after satisfying broker experience
- Business
- Submit approved business name where applicable, certified entity or fictitious-name filings as applicable, location-of-records Form 512, and Nevada office documentation. Form 508 requires an accessible office, conspicuous sign, broker visit at least every 30 days, and Form 508A for a home office.
- Conversion Forms
- Submit Form 507, Form 505 signed by the departing broker, the original license, and the attachments required by Form 508.
- Experience
- At least two years of full-time active licensed real estate experience in the four years immediately preceding issuance, under NRS 645.330(4); furnish Form 509 or certified broker license history.
- Financial
- Form 508 requires Form 558 and a credit report with score dated within 30 days.
- License Held
- Hold the broker-salesperson license issued after passing the broker examination under NRS 645.475. The passing examination may precede the broker application; the statute does not order a fresh examination merely for conversion.
Initial licensure on behalf of a corporation
- Age
- Must be at least 18 years old (Form 549).
- Application
- Submit Form 549, required supporting documents, and the $160 broker or broker-salesperson license fee.
- Business
- Submit approved business name where applicable, certified entity or fictitious-name filings as applicable, location-of-records Form 512, and Nevada office documentation. Form 508 requires an accessible office, conspicuous sign, broker visit at least every 30 days, and Form 508A for a home office.
- Character
- NRS 645.330 requires honesty, trustworthiness, integrity, competence, truthful application, and all required information; criminal or licensing history may prevent approval.
- Child Support
- Complete and sign the statutory child-support statement; issuance or renewal is denied if it is missing or reports noncompliance with an order or approved repayment plan, under NRS 645.358.
- Education
- 64 semester college credits, including the subjects in NRS 645.343(2); experience credit is 16 units per two years within the preceding ten years, up to eight years, excluding Nevada law and broker management. Submit certified transcripts or education certificates. Form 501 specifies 18 hours Nevada law and 45 hours Nevada-specific broker management; applicable contract/agency education and attorney degree-equivalency policies remain educational conditions.
- Entity Restriction
- The license authorizes acting on behalf of the identified entity; comply with the statutory entity documentation and ownership restrictions.
- Entity Role
- Be an officer of the corporation, manager of the LLC, or member of the partnership as applicable under NRS 645.370.
- Experience
- At least two years of full-time active licensed real estate experience in the four years immediately preceding issuance, under NRS 645.330(4); furnish Form 509 or certified broker license history.
- Financial
- Form 508 requires Form 558 and a credit report with score dated within 30 days.
- Fingerprints
- Sign and date the fingerprint background waiver before fingerprints; submit verification from an approved vendor, with Form 549 specifying expiration after two months.
- Nonresident
- Nonresidents submit notarized consent to service of process, Form 656.
- Prior License History
- If licensed during the preceding ten years, submit certified license history dated within 90 days of application (Form 501).
Change of licensed broker business organization
- License Held
- Already licensed as a broker; change the organization on Form 507, provide entity documents, resignation/minutes for corporate departure, old/new location-of-records forms, original licenses/permits, financials and applicable fees; associated licensees use the stated transfer/termination forms.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Administrative Code, Chapter 645
NAC 645.305 — complete operative provision
- Nevada Real Estate Division: Form 508
Page 2 — Broker to Broker
First active license renewal
- Education
- Initial renewal requires postlicensing education under NAC 645.4442 unless exempt; exempt licensees complete applicable continuing education. Subsequent renewal requires 36 hours under NAC 645.448, including 6 broker-management hours and at least 50 percent live instruction, subject to the rural-distance exception.
- Filing
- Submit Form 580 and renewal fee before expiration; brokers also submit annual trust-account reconciliation or exemption affidavit.
- License Period
- First renewal follows the initial 12-month license period; later renewals follow 24-month periods under NRS 645.780.
- Senior Exemption
- Under NAC 645.449, approved licensees aged 65 or older with at least 30 years of Nevada good-standing licensure instead complete 15 mandatory hours; permit continuing education remains required.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 645
NRS 645.490 — 3. Except as otherwise
- Nevada Revised Statutes, Chapter 645
NRS 645.575 — complete operative provision
- Nevada Administrative Code, Chapter 645
NAC 645.445 — complete operative provision
- Nevada Administrative Code, Chapter 645
NAC 645.4442 — complete operative provision
- Nevada Real Estate Division: Form 580
Page 1 — renewal education
Renewal while remaining inactive
- Education
- The Division states continuing education certificates are not submitted with inactive renewal; education must be completed when reinstating as applicable.
- Inactive
- Maintain inactive status and pay each renewal fee on time; the inactive license permits no real estate activity.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Administrative Code, Chapter 645
NAC 645.320 — complete operative provision
- Nevada Real Estate Division: Inactive Real Estate Licenses FAQ
FAQ — renewing inactive license
Initial licensure by examination
- Age
- Must be at least 18 years old (Form 549).
- Application
- Submit Form 549, required supporting documents, and the $160 broker or broker-salesperson license fee.
- Business
- Submit approved business name where applicable, certified entity or fictitious-name filings as applicable, location-of-records Form 512, and Nevada office documentation. Form 508 requires an accessible office, conspicuous sign, broker visit at least every 30 days, and Form 508A for a home office.
- Character
- NRS 645.330 requires honesty, trustworthiness, integrity, competence, truthful application, and all required information; criminal or licensing history may prevent approval.
- Child Support
- Complete and sign the statutory child-support statement; issuance or renewal is denied if it is missing or reports noncompliance with an order or approved repayment plan, under NRS 645.358.
- Education
- 64 semester college credits, including the subjects in NRS 645.343(2); experience credit is 16 units per two years within the preceding ten years, up to eight years, excluding Nevada law and broker management. Submit certified transcripts or education certificates. Form 501 specifies 18 hours Nevada law and 45 hours Nevada-specific broker management; applicable contract/agency education and attorney degree-equivalency policies remain educational conditions.
- Experience
- At least two years of full-time active licensed real estate experience in the four years immediately preceding issuance, under NRS 645.330(4); furnish Form 509 or certified broker license history.
- Financial
- Form 508 requires Form 558 and a credit report with score dated within 30 days.
- Fingerprints
- Sign and date the fingerprint background waiver before fingerprints; submit verification from an approved vendor, with Form 549 specifying expiration after two months.
- Nonresident
- Nonresidents submit notarized consent to service of process, Form 656.
- Passing Results
- Original state and national passing results within the last 12 months.
- Prior License History
- If licensed during the preceding ten years, submit certified license history dated within 90 days of application (Form 501).
Already licensed broker temporarily succeeding a deceased brokerage broker
- Appointment
- File an affidavit to act for the deceased broker’s brokerage for no more than 60 days; give written notice within seven business days of the death.
- License Held
- Already hold a Nevada real estate broker license.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Administrative Code, Chapter 645
NAC 645.350 — 3. Upon the death
Initial licensure on behalf of a llc
- Age
- Must be at least 18 years old (Form 549).
- Application
- Submit Form 549, required supporting documents, and the $160 broker or broker-salesperson license fee.
- Business
- Submit approved business name where applicable, certified entity or fictitious-name filings as applicable, location-of-records Form 512, and Nevada office documentation. Form 508 requires an accessible office, conspicuous sign, broker visit at least every 30 days, and Form 508A for a home office.
- Character
- NRS 645.330 requires honesty, trustworthiness, integrity, competence, truthful application, and all required information; criminal or licensing history may prevent approval.
- Child Support
- Complete and sign the statutory child-support statement; issuance or renewal is denied if it is missing or reports noncompliance with an order or approved repayment plan, under NRS 645.358.
- Education
- 64 semester college credits, including the subjects in NRS 645.343(2); experience credit is 16 units per two years within the preceding ten years, up to eight years, excluding Nevada law and broker management. Submit certified transcripts or education certificates. Form 501 specifies 18 hours Nevada law and 45 hours Nevada-specific broker management; applicable contract/agency education and attorney degree-equivalency policies remain educational conditions.
- Entity Restriction
- The license authorizes acting on behalf of the identified entity; comply with the statutory entity documentation and ownership restrictions.
- Entity Role
- Be an officer of the corporation, manager of the LLC, or member of the partnership as applicable under NRS 645.370.
- Experience
- At least two years of full-time active licensed real estate experience in the four years immediately preceding issuance, under NRS 645.330(4); furnish Form 509 or certified broker license history.
- Financial
- Form 508 requires Form 558 and a credit report with score dated within 30 days.
- Fingerprints
- Sign and date the fingerprint background waiver before fingerprints; submit verification from an approved vendor, with Form 549 specifying expiration after two months.
- Nonresident
- Nonresidents submit notarized consent to service of process, Form 656.
- Prior License History
- If licensed during the preceding ten years, submit certified license history dated within 90 days of application (Form 501).
Reinstatement following military service
- Deadline
- Apply within six months after termination of service; pay the reinstatement fee and provide certified honorable discharge or satisfactory service certificate. The statute expressly allows reinstatement without examination.
- Military Status
- License placed inactive at the licensee’s request for military service and up to six months after discharge.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 645
NRS 645.600 — complete operative provision
Initial licensure for an applicant holding an equivalent out of state license
- Age
- Must be at least 18 years old (Form 549).
- Application
- Submit Form 549, required supporting documents, and the $160 broker or broker-salesperson license fee.
- Business
- Submit approved business name where applicable, certified entity or fictitious-name filings as applicable, location-of-records Form 512, and Nevada office documentation. Form 508 requires an accessible office, conspicuous sign, broker visit at least every 30 days, and Form 508A for a home office.
- Character
- NRS 645.330 requires honesty, trustworthiness, integrity, competence, truthful application, and all required information; criminal or licensing history may prevent approval.
- Child Support
- Complete and sign the statutory child-support statement; issuance or renewal is denied if it is missing or reports noncompliance with an order or approved repayment plan, under NRS 645.358.
- Education
- 64 semester college credits, including the subjects in NRS 645.343(2); experience credit is 16 units per two years within the preceding ten years, up to eight years, excluding Nevada law and broker management. Submit certified transcripts or education certificates. Form 501 specifies 18 hours Nevada law and 45 hours Nevada-specific broker management; applicable contract/agency education and attorney degree-equivalency policies remain educational conditions.
- Equivalent License
- Hold an equivalent current real estate license issued outside Nevada; education/experience credit is subject to NRS 645.343 and Form 501. Another jurisdiction’s own examination is prior applicant evidence, not a Nevada requirement leaf.
- Experience
- At least two years of full-time active licensed real estate experience in the four years immediately preceding issuance, under NRS 645.330(4); furnish Form 509 or certified broker license history.
- Financial
- Form 508 requires Form 558 and a credit report with score dated within 30 days.
- Fingerprints
- Sign and date the fingerprint background waiver before fingerprints; submit verification from an approved vendor, with Form 549 specifying expiration after two months.
- General Exam Waiver
- {"quote":"a) Pass Nevada State exam within last 12 months.\n b) Pass general exam within last 12 months. (Licensed out-of-state applicants are not required to take general exam if\n applying for equivalent license.)","source":"Nevada Real Estate Division Form 501, Page 1, A.5(b)","value":"Licensed out-of-state applicants applying for an equivalent license need not take the general exam. The route retains the currently offered examination involved, with the exemption as an applicant condition."}
- Nonresident
- Nonresidents submit notarized consent to service of process, Form 656.
- Prior License History
- If licensed during the preceding ten years, submit certified license history dated within 90 days of application (Form 501).
- State Score
- Nevada state passing score must be within the last 12 months.
Initial licensure on behalf of a partnership
- Age
- Must be at least 18 years old (Form 549).
- Application
- Submit Form 549, required supporting documents, and the $160 broker or broker-salesperson license fee.
- Business
- Submit approved business name where applicable, certified entity or fictitious-name filings as applicable, location-of-records Form 512, and Nevada office documentation. Form 508 requires an accessible office, conspicuous sign, broker visit at least every 30 days, and Form 508A for a home office.
- Character
- NRS 645.330 requires honesty, trustworthiness, integrity, competence, truthful application, and all required information; criminal or licensing history may prevent approval.
- Child Support
- Complete and sign the statutory child-support statement; issuance or renewal is denied if it is missing or reports noncompliance with an order or approved repayment plan, under NRS 645.358.
- Education
- 64 semester college credits, including the subjects in NRS 645.343(2); experience credit is 16 units per two years within the preceding ten years, up to eight years, excluding Nevada law and broker management. Submit certified transcripts or education certificates. Form 501 specifies 18 hours Nevada law and 45 hours Nevada-specific broker management; applicable contract/agency education and attorney degree-equivalency policies remain educational conditions.
- Entity Restriction
- The license authorizes acting on behalf of the identified entity; comply with the statutory entity documentation and ownership restrictions.
- Entity Role
- Be an officer of the corporation, manager of the LLC, or member of the partnership as applicable under NRS 645.370.
- Experience
- At least two years of full-time active licensed real estate experience in the four years immediately preceding issuance, under NRS 645.330(4); furnish Form 509 or certified broker license history.
- Financial
- Form 508 requires Form 558 and a credit report with score dated within 30 days.
- Fingerprints
- Sign and date the fingerprint background waiver before fingerprints; submit verification from an approved vendor, with Form 549 specifying expiration after two months.
- Nonresident
- Nonresidents submit notarized consent to service of process, Form 656.
- Prior License History
- If licensed during the preceding ten years, submit certified license history dated within 90 days of application (Form 501).
Reinstatement from inactive renewed status for more than two years
- Application
- Form 544, fees, Recovery Fund evidence, financial statement for brokers, education under NAC 645.4441, fingerprints when required, and broker attachments under Form 544.
- Format
- Form 544 identifies only the Nevada state examination for reinstatement.
- Inactive Duration
- In good standing with an inactive renewed license for more than two years; also show competency to the Administrator’s satisfaction under NAC 645.325.
- Threshold Disagreement
- Form 544 says 24 months or more, whereas NAC 645.325(2) says more than two years.
Reinstatement from inactive renewed status for two years or less
- Application
- Submit Form 544, required fees, Recovery Fund evidence, applicable continuing or postlicensing education, and any requested current fingerprint verification. Brokers supply the financial statement and applicable business attachments.
- Inactive Duration
- In good standing, inactive renewed for no more than two years; involuntary inactivation uses applicable NAC 645.325 requirements through NAC 645.360.
- Threshold Disagreement
- {"quote":"EXAM: For licensees that have a “renewed/inactive” status for 24 months (2 years) or more, only the state\n exam must be taken.","source":"Form 544, Page 1 — EXAM","value":"The higher-ranked NAC 645.325(2) requires examination after more than two years; Form 544 states 24 months or more. At exactly two years the form demands the state exam, while the rule’s additional examination threshold has not been met."}
Official no-examination sources
Effective from 2026-09-22.
- Nevada Administrative Code, Chapter 645
NAC 645.325 — 1. A licensee who is in good standing
- Nevada Administrative Code, Chapter 645
NAC 645.325 — 2. If a license has been
- Nevada Administrative Code, Chapter 645
NAC 645.4441 — complete operative provision
Original license reapplication after expiration exceeding one year
- Age
- Must be at least 18 years old (Form 549).
- Application
- Submit Form 549, required supporting documents, and the $160 broker or broker-salesperson license fee.
- Business
- Submit approved business name where applicable, certified entity or fictitious-name filings as applicable, location-of-records Form 512, and Nevada office documentation. Form 508 requires an accessible office, conspicuous sign, broker visit at least every 30 days, and Form 508A for a home office.
- Character
- NRS 645.330 requires honesty, trustworthiness, integrity, competence, truthful application, and all required information; criminal or licensing history may prevent approval.
- Child Support
- Complete and sign the statutory child-support statement; issuance or renewal is denied if it is missing or reports noncompliance with an order or approved repayment plan, under NRS 645.358.
- Closure
- After more than one year expired, submit a new original application with new passing examination results and fingerprint verification; applicable original-license exemptions remain applicant conditions.
- Education
- 64 semester college credits, including the subjects in NRS 645.343(2); experience credit is 16 units per two years within the preceding ten years, up to eight years, excluding Nevada law and broker management. Submit certified transcripts or education certificates. Form 501 specifies 18 hours Nevada law and 45 hours Nevada-specific broker management; applicable contract/agency education and attorney degree-equivalency policies remain educational conditions.
- Experience
- At least two years of full-time active licensed real estate experience in the four years immediately preceding issuance, under NRS 645.330(4); furnish Form 509 or certified broker license history.
- Financial
- Form 508 requires Form 558 and a credit report with score dated within 30 days.
- Fingerprints
- Sign and date the fingerprint background waiver before fingerprints; submit verification from an approved vendor, with Form 549 specifying expiration after two months.
- Nonresident
- Nonresidents submit notarized consent to service of process, Form 656.
- Prior License History
- If licensed during the preceding ten years, submit certified license history dated within 90 days of application (Form 501).
Licensure under a Commission reciprocal agreement
- Division Discretion
- Issuance is discretionary; NRS 645.332(3) permits refusal for disqualifying acts.
- Implementation Notice
- Form 501 labels its published reciprocity list as Nevada Salesperson License Only. That list does not establish broker or broker-salesperson reciprocal agreement eligibility.
- Reciprocal Agreement
- NRS 645.332(2) authorizes issuance only if the issuing jurisdiction has entered into a reciprocal agreement with the Commission; the applicant must hold an equivalent license in good standing. This survey does not establish a particular executed reciprocal agreement or assert that one exists.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 645
NRS 645.330 — 1. Except as otherwise
- Nevada Revised Statutes, Chapter 645
NRS 645.332 — 2. The Division may issue
- Nevada Revised Statutes, Chapter 645
NRS 645.332 — 3. The Division may refuse
Subsequent active license renewal
- Education
- Initial renewal requires postlicensing education under NAC 645.4442 unless exempt; exempt licensees complete applicable continuing education. Subsequent renewal requires 36 hours under NAC 645.448, including 6 broker-management hours and at least 50 percent live instruction, subject to the rural-distance exception.
- Filing
- Submit Form 580 and renewal fee before expiration; brokers also submit annual trust-account reconciliation or exemption affidavit.
- License Period
- First renewal follows the initial 12-month license period; later renewals follow 24-month periods under NRS 645.780.
- Senior Exemption
- Under NAC 645.449, approved licensees aged 65 or older with at least 30 years of Nevada good-standing licensure instead complete 15 mandatory hours; permit continuing education remains required.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 645
NRS 645.490 — 3. Except as otherwise
- Nevada Revised Statutes, Chapter 645
NRS 645.575 — complete operative provision
- Nevada Administrative Code, Chapter 645
NAC 645.445 — complete operative provision
- Nevada Administrative Code, Chapter 645
NAC 645.448 — complete operative provision
- Nevada Real Estate Division: Form 580
Page 1 — renewal education
Temporary Working Permit
The Division receipt is the temporary working permit while a requested license change is pending.
Licensing authority: Nevada Real Estate Division, Department of Business and Industry · Application information
Receipt based permit pending a requested license change
- Existing License
- Already licensed; submit the requested name, location, association or status change and the required fee.
- Permit
- The Division receipt constitutes the temporary working permit only while the requested license is pending.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Administrative Code, Chapter 645
NAC 645.305 — complete operative provision
Time-Share Resale Broker Registration
Additional registration for a Nevada real estate broker conducting the resales covered by NRS 119A.4771.
Licensing authority: Nevada Real Estate Division, Department of Business and Industry · Application information
Initial time share resale broker registration
- Activity
- On behalf of an owner other than a developer and for compensation, undertake the activities in NRS 119A.4771 for more than 12 previously sold time shares in any 12-month period.
- Broker Held
- Hold a Nevada Chapter 645 broker license before registration.
- Filing
- Complete Form 568 with exhibits, applicable registration fee, processing Form 751 and project-broker statement Form 649; obtain and display the Administrator’s Notice of Compliance before conducting business.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 119A
NRS 119A.4771 — complete operative provision
- Nevada Real Estate Division: Form 568
Page 1 — exhaustive initial applicant requirements
Annual time share resale broker registration renewal
- Filing
- Annually submit the Division renewal form, applicable fee, project-broker statement Form 649 and processing Form 751 as required by Form 568.
- Registration Held
- Hold the existing registration and underlying Nevada broker license.
Official no-examination sources
Effective from 2026-09-22.
- Nevada Revised Statutes, Chapter 119A
NRS 119A.4771 — 2. A time-share resale broker
- Nevada Real Estate Division: Form 568
Page 1, ALL APPLICANTS MUST, item 4
Nevada Real Estate Broker State Examination
Examination outline
I. Duties and Powers of the Commission (5%)
- A. Determining Misconduct — 1. Investigations
- A. Determining Misconduct — 2. Hearings and Appeals
- B. Enforcement and Disciplinary Action — 1. Sanctions and Fines
- B. Enforcement and Disciplinary Action — 2. Additional Education
- B. Enforcement and Disciplinary Action — 3. License Suspension
- B. Enforcement and Disciplinary Action — 4. Revocation
- C. Real Estate Education, Research, & Recovery Fund
II. Licensing Requirements (5%)
- A. Types of Licensing and Permits and Requirements
- B. License Maintenance — 1. License Renewal
- B. License Maintenance — 2. Changes in License Status
- B. License Maintenance — 3. Reasons for Denial of a License or Renewal
- C. Required Timely Notifications to the Division — 1. Conviction or entry of a guilty/nolo contendere plea
- C. Required Timely Notifications to the Division — 2. Broker association
- C. Required Timely Notifications to the Division — 3. Changes in personal information
- D. Branch Offices and License Display (Broker Only)
- E. Cooperative Certificates (Broker Only)
III. Agency and Duties Owed (20%)
- A. Agency
- B. Duties Owed by a Nevada Licensee — 1. Consent to Act
- B. Duties Owed by a Nevada Licensee — 2. Confirmation of Agency Relationship
- C. Waiver and Authorization to Negotiate Directly with the Seller
IV. License Practice (20%)
- A. Licensee Responsibilities
- B. Activities Requiring a License or Permit
- C. Broker Supervision of Licensees
- D. Commissions and other Compensation
- E. Advertising, electronic and print
- F. Rules for Broker Price Opinions
- G. Handling of Monies
V. Disclosures (15%)
- A. Residential Disclosure Guide
- B. Seller’s Real Property Disclosure
- C. Disclosure of Common-Interest Communities
- D. Disclosure of licensee as principal
- E. Environmental and Other disclosures
VI. Contracts (22%)
- A. Brokerage Agreements, including listing and buyer representation
- B. Preparation and Handling of Documents
- C. Settlement Statements
- D. Advance Fees
- E. Handling of Earnest Money Deposits
- F. Timelines
VII. Record Keeping (8%)
- A. Maintenance of Records — 1. Timely submission of records to broker
- A. Maintenance of Records — 2. Required retention
- A. Maintenance of Records — 3. Protection of confidential information
- B. Inspection of Records (Broker Only)
- C. Trust Account Records and Management (Broker Only)
VIII. Special Topics (5%)
- A. Subdivisions (Broker Only)
- B. Timeshares
- C. Water Rights
- D. Solar
- E. Smart Homes
Examination sources
- Nevada Real Estate Candidate Handbook, Pearson VUE #092900
Outlines 20 — title and scored-item statement
- Nevada Real Estate Candidate Handbook, Pearson VUE #092900
Outlines 20 — title and scored-item statement
- Nevada Administrative Code, Chapter 645
NAC 645.220 — complete operative provision
- Nevada Real Estate Division: Form 549
Page 1 — EXAM
- Nevada Real Estate Candidate Handbook, Pearson VUE #092900
Page 14 — independently retained portions
Real Estate National/General Examination for Brokers
- Provider
- Pearson VUE
- Format
- National/general portion of state real estate broker licensing examinations, scored separately from the state portion; every item is classified as knowledge, application or analysis; candidates who fail retake only the portion they failed
- Exam questions
- 80 scored items plus 5 unscored pretest items
Examination outline
I. REAL PROPERTY CHARACTERISTICS, LEGAL DESCRIPTIONS, AND PROPERTY USE (BROKER 10 of 80 scored items; 2 KNOWLEDGE, 5 APPLICATION, 3 ANALYSIS)
- A. Real property vs. personal property (3 Items): 1. Fixtures, trade fixtures, emblements; 2. Attachment, severance, and bill of sale
- B. Characteristics of real property (2 Items): 1. Economic characteristics — a. Scarcity; b. Modification / Improvement; c. Permanence of Investment / Fixity; d. Area Preference / Situs; 2. Physical characteristics — a. Immobility; b. Indestructibility; c. Non-homogeneity / Uniqueness
- C. Legal descriptions (2 Items): 1. Methods used to describe real property; 2. Survey
- D. Public and private land use controls – encumbrances (3 Items): 1. Public controls – governmental powers — a. Police power, eminent domain, taxation, escheat; b. Zoning ordinances; 2. Private controls, restrictions, and encroachments — a. Covenants, conditions, and restrictions (CC&Rs), HOAs; b. Easements; c. Licenses and encroachments
II. FORMS OF OWNERSHIP, TRANSFER, AND RECORDING OF TITLE (BROKER 8 of 80 scored items; 2 KNOWLEDGE, 3 APPLICATION, 3 ANALYSIS)
- A. Ownership, estates, rights, and interests (4 Items): 1. Forms of ownership; 2. Freehold estate — a. Fee simple absolute; b. Fee simple defeasible, determinable, and condition subsequent; c. Life estate; d. Bundle of rights; 3. Leasehold estates and types of leases — a. Estate for years and from period to period (periodic estate); b. Estate at will and estate at sufferance; c. Gross, net, percentage leases, and etc.; 4. Liens and lien priority; 5. Air surface and sub-surface rights
- B. Deed, title, transfer of title, and recording of title (4 Items): 1. Elements of a valid deed; 2. Types of deeds; 3. Title transfer — a. Voluntary alienation; b. Involuntary alienation; 4. Recording the title — a. Constructive and actual notice; b. Title abstract and chain of title; c. Marketable title and cloud on title; d. Attorney title opinion, quiet title lawsuit, and title insurance
III. PROPERTY VALUE AND APPRAISAL (BROKER 10 of 80 scored items; 2 KNOWLEDGE, 4 APPLICATION, 4 ANALYSIS)
- A. Concept of value (3 Items): 1. Market value vs. market price; 2. Characteristics of value; 3. Principles of value
- B. Appraisal process (3 Items): 1. Purpose and steps to an appraisal; 2. Federal oversight of the appraisal process
- C. Methods of estimating value and Broker Price Opinions (BPO) (4 Items): 1. Sales comparison approach (market data); 2. Cost approach — a. Improvements and depreciation; b. Physical deterioration, functional, and economic obsolescence; c. Reproduction or replacement costs; 3. Income approach; 4. Gross rent and gross income multipliers; 5. Comparative Market Analysis (CMA); 6. Broker Price Opinion (BPO); 7. Assessed value and tax implications
IV. REAL ESTATE CONTRACTS AND AGENCY (BROKER 15 of 80 scored items; 3 KNOWLEDGE, 6 APPLICATION, 6 ANALYSIS)
- A. Types of contracts (2 Items): 1. Express vs. implied; 2. Unilateral vs. bilateral
- B. Required elements of a valid contract (3 Items): 1. Voluntary; 2. Agreement / Promise; 3. Legally competent parties; 4. Lawful consideration; 5. Legal act / Purpose
- C. Contract performance (2 Items): 1. Executed vs. executory; 2. Valid vs. void; 3. Voidable vs. unenforceable; 4. Breach of contract, rescission, and termination; 5. Liquidated, punitive, or compensatory damages; 6. Electronic contracts and digital signatures; 7. Statute of Frauds; 8. Time is of the essence
- D. Sales contract (2 Items): 1. Offer and counteroffer; 2. Earnest money and liquidated damages; 3. Equitable title; 4. Contingencies; 5. Disputes and breach of contract; 6. Option contract and installment sales contract
- E. Types of agency and licensee-client relationships (2 Items)
- F. Creation and termination of agency (2 Items)
- G. Licensee obligations to parties of a transaction (2 Items)
V. REAL ESTATE PRACTICE (BROKER 12 of 80 scored items; 5 KNOWLEDGE, 5 APPLICATION, 2 ANALYSIS)
- A. Responsibilities of broker (3 Items): 1. Practicing within scope of expertise; 2. Unauthorized practice of law
- B. Brokerage agreements between the broker and principal (seller, buyer, landlord, or tenant) (3 Items): 1. Seller representation – Types of listing agreements — a. Exclusive right-to-sell and exclusive agency listing; b. Non-exclusive or open listing; c. Net listing (conflict of interest); d. Multiple listing service (MLS); 2. Buyer representation; 3. Property management agreement — a. Accounting for funds; b. Property maintenance; c. Leasing property; d. Collecting rents and security deposits; 4. Termination of agreements; 5. Services, fees, and compensation
- C. Fair Housing (3 Items): 1. Equal opportunity in housing; 2. Protected classes; 3. Fair housing laws; 4. Illegal practices, enforcement, and penalties; 5. Prohibited advertising; 6. Housing and Urban Development (HUD); 7. Americans with Disabilities Act (ADA)
- D. Risk management (3 Items): 1. Supervision; 2. Compliance with federal regulations; including Privacy and Do Not Contact; 3. Vicarious liability; 4. Antitrust laws; 5. Fraud and misrepresentation; 6. Types of insurance — a. Errors and Omissions; b. General Liability
VI. PROPERTY DISCLOSURES AND ENVIRONMENTAL ISSUES (BROKER 9 of 80 scored items; 4 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
- A. Property conditions and environmental issues (5 Items): 1. Hazardous substances — a. Lead-based paint; b. Asbestos, radon, and mold; c. Groundwater contamination and underground storage tanks; d. Waste disposal sites and brownfields; e. Flood plains, flood zones, and flood insurance; 2. Clean Air and Water Acts; 3. Environmental Protection Agency (EPA) — a. Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA); b. Superfund Amendment and Reauthorization Act (SARA); c. Environmental site assessments (including Phase I and II studies) and impact statements; d. Wetlands protection
- B. Environmental and property disclosure obligations and liability (4 Items)
VII. FINANCING AND SETTLEMENT (BROKER 8 of 80 scored items; 3 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
- A. Financing concepts and components (2 Items): 1. Methods of financing — a. Mortgage financing – conventional and non-conventional loans; b. Seller financing – land contract/contract for deed; 2. Lien theory vs. title theory and deed of trust; 3. Sources of financing (primary and secondary mortgage markets, and seller financing); 4. Types of loans and loan programs; 5. Mortgage clauses
- B. Lender Requirements (2 Items): 1. FHA requirements; 2. VA requirements; 3. USDA loan requirements and rural development financing; 4. Conventional requirements; 5. Buyer qualification and Loan to Value (LTV); 6. Hazard and flood insurance; 7. Private mortgage insurance (PMI) and mortgage insurance premium (MIP)
- C. Federal Financing Regulations and Regulatory Bodies (2 Items): 1. Truth-in-Lending and Regulation Z; 2. TILA-RESPA Integrated Disclosures (TRID) — a. Consumer Financial Protection Bureau (CFPB); b. Loan Estimate (LE); c. Closing Disclosure (CD); 3. Real Estate Settlement Procedures Act (RESPA) — a. Referrals; b. Rebates; 4. Equal Credit Opportunity Act (ECOA); 5. Mortgage fraud and predatory lending
- D. Settlement and closing the transaction (2 Items)
VIII. REAL ESTATE MATH CALCULATIONS (BROKER 8 of 80 scored items; 3 APPLICATION, 5 ANALYSIS)
- A. Property area calculations (1 Item): 1. Square footage; 2. Acreage total
- B. Property valuation (2 Items): 1. Comparative Market Analysis (CMA); 2. Net Operating Income (NOI); 3. Capitalization rate; 4. Gross rent multiplier; 5. Gross income multiplier; 6. Equity in property; 7. Establishing a listing price; 8. Assessed value and property taxes
- C. Commission/compensation (1 Item)
- D. Loan financing costs (1 Item): 1. Interest; 2. Loan to Value (LTV); 3. Fees; 4. Amortization, discount points, and prepayment penalties
- E. Settlement and closing costs (1 item): 1. Purchase price and down payment; 2. Monthly mortgage calculations- principal, interest, taxes, and insurance (PITI); 3. Net to the seller; 4. Cost to the buyer; 5. Prorated items; 6. Debits and credits; 7. Transfer tax and recording fee
- F. Investment (1 Item): 1. Return on investment; 2. Appreciation; 3. Depreciation; 4. Tax implications on investment
- G. Property management calculations (1 Item): 1. Property management and budget calculations; 2. Tenancy and rental calculations
Examination sources
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
Cover page, list of national/general content outlines
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
National/General Exam Content Outline for Brokers, introductory paragraph, second sentence
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
National/General Exam Content Outline for Brokers, section VIII heading
- Pearson VUE, Delaware Real Estate Candidate Handbook
Cover page of the National/General Content Outlines insert
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
National/General Exam Content Outline for Brokers, introductory paragraph, cognitive level classification
- Pearson VUE, Nebraska Real Estate Content Outlines (National/General Content Outlines and Nebraska State Content Outlines)
National/General Exam Content Outline for Brokers, pretest paragraph
- Pearson VUE, Delaware Real Estate Candidate Handbook
Score Reporting, sentences on failing candidates and reexamination
- Pearson VUE, Delaware Real Estate Candidate Handbook
Score Reporting, sentence on the failing score report
- Pearson VUE, Delaware Real Estate Candidate Handbook
Overview steps, step on reservation
- Pearson VUE, Delaware Real Estate Candidate Handbook
Score Reporting, retake rule