Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Nevada or anyone looking to become a real estate agent or realtor in Nevada. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more..
The Nevada Real Estate Division
safeguards and promotes the public interest in real estate transactions. The Real Estate
Commission acts in an advisory capacity to the Department of Business and Industry, and
adopts the regulations. License statistics show there are approximately 20,760 active real
estate agents in Nevada and approximately 5,330 inactive agents. The division
of Real Estate maintains two offices, one in Carson City, and the other in Las Vegas.
The requirements for a real estate salesperson license in
Nevada include needing to successfully complete 90 hours, or 6 semester units, of approved
real estate courses from a Nevada accredited provider. The courses must include a minimum
of 18 hours of Nevada law. The applicants must pass the Nevada state real estate exams
within one year from applying for their license. National examination results from another
state may qualify for the exam requirements.
The requirements for a real estate broker license in Nevada
include needing to have been actively engaged full time as either a broker or salesperson
for at least two of the four immediately preceding years. In addition to the
requirements for the salesperson, the broker applicant must complete an additional 90
hours, or 6 semester units of approved real estate courses from a Nevada accredited
Broker applicants must successfully complete 64 semester units of approved real estate
courses, which need to include 18 hours of Nevada real estate law that may not be waived
by experience and 3 semester units of Broker Management Training that may not be waived by
experience. For every 2 years of real estate licensed experience, Nevada will allow 16
college credits towards all education with the exception of 45 hours Broker Management and
18 hours Nevada real estate law.
The approved Real Estate Schools
for salesperson prelicensure and approved schools for broker prelicensure, include
classroom courses, distance education courses and computer based courses.
All original real estate licenses are valid for a one year period ending on the last
day of the month during which one obtains their license. Each renewal thereafter is for
two years. There is no grace period for renewal of the license.
Original license fees for a salesperson are $125 and $145 for a broker.
Before renewing a license
the first time all broker and salesperson applicants need to successfully complete 30
hours of approved continuing education courses, including 6 hours of designated courses.
The renewal fee for a
salesperson license is $180.00 and for a broker license is $220.00.
For the second and subsequent renewals, all agents must complete 15 hours of continuing
education courses, including 6 hours of designated courses. The renewal fee remains the
same. The designated courses are in law and/or ethics, or agency law. Inactive real estate
licenses must also be renewed by the expiration date. However, no continuing education
courses are required in order to renew the inactive license. A child support statement
must be completed regardless of parental status.
You can locate almost all of the Nevada real estate forms
Real estate careers are strengthened by membership in the many organizations that
provide services for the professional agent. Those holding a real estate license usually
join organizations like the Nevada Association of Realtors,
the National Association of Real Estate Brokers (NAREB), and the Association of
Real Estate License Law Officials (ARELLO). The National
Association of Realtors (NAR), the world's largest
professional association, assists many in locating real estate jobs within the industry.
These organizations are also excellent resources of real estate education and enriching