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 Division, 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 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.
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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.
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. Applicants who hold a valid real
estate salesperson's license may receive credit for 16 semester units of college
level courses for each two years of active experience.
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.
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 online.
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 one's profession.
We also offer information and resources for Nevada Commercial Mortgage