(**) Disclosure: This post may contain affiliate links, meaning our company, JCHQ Publishing will get a commission if you decide to make a purchase through the links, but at no additional cost to you.
Your real estate license is your ticket to a new career, and passing the salesperson exam is one of the mandatory requirements.
To pass the Nevada Real Estate Salesperson Exam, the candidate must achieve a score of at least 75%. Reading over the Nevada Real Estate Candidate Handbook and doing multiple exam preps can increase the chance of passing the exam. The Nevada Real Estate Salesperson Exam has 120 questions with 240 minutes of writing time. It consists of the National Portion and the State Portion. It is administered by Pearson Vue and the exam fee is $100.
In this guide, I will go over the content, sample questions, FAQ, exam preps of the Nevada real estate salesperson exam. Although the result is not guaranteed, I’m confident it can help to increase your chance of passing it significantly. So you will be one step closer to starting your real estate career in Iowa.
But before we start, I want to give a brief disclaimer. This post is not intended as legal advice or state/federal real estate training. It is for general information only. Please always follow your State laws and best practices.
- Table Summary of the Nevada Real Estate Exam
- How to register for the Nevada Real Estate Exam?
- How many questions are on the Nevada real estate exam?
- Salesperson Exam Sample Questions
- Tips to prepare for the Nevada Real Estate Exam
- Let’s Study the Nevada Real Estate Exam “Strategically”
- Here are some Nevada Real Estate Exam Preps that can help You
- Where can I take my real estate exam in Nevada?
- What should I bring to the exam center?
- When will I know the result?
- How can I retake the Nevada real estate exam?
- Here are more helpful resources about the Nevada real estate career
Table Summary of the Nevada Real Estate Exam
|Portion||# of Questions||Time Allowed|
How to register for the Nevada Real Estate Exam?
The Nevada Real Estate Salesperson Exam is administered by the Pearson Vue and to schedule in writing it, you can create an account on their website. In there, you can choose the testing center and date. The exam fee is $100 and it can be paid through a credit card, debit card or electronic check.
You may also call (888) 248-8055. However, online registration is the fastest and most convenient way.
Regardless of which method you choose, keep in mind that you must make the reservation 24 hours before the exam.
How many questions are on the Nevada real estate exam?
The Nevada Real Estate Salesperson Exam has a total of 120 questions and it consists of the National Portion and State Portion. The National Portion has 80 questions and the State Portion has 40 questions.
Here’s the content of the National Portion:
|National Portion Content Outline||Weighting||Topics|
|REAL PROPERTY CHARACTERISTICS,|
LEGAL DESCRIPTIONS, AND PROPERTY USE
|9||A. Real property vs. personal property|
B. Characteristics of real property
C. Legal descriptions
D. Public and private land use controls – encumbrances
|FORMS OF OWNERSHIP, TRANSFER, AND RECORDING|
|8||A. Ownership, estates, rights, and interests|
B. Deed, title, transfer of title, and recording of title
|PROPERTY VALUE AND APPRAISAL||11||A. Concept of value|
B. Appraisal process
C. Methods of estimating value and Broker Price Opinions (BPO)
|REAL ESTATE CONTRACTS AND AGENCY||16||A. Types of contracts|
B. Required elements of a valid contract
C. Contract performance
D. Sales contract
E. Types of agency and licensee-client relationships
F. Creation and termination of agency
G. Licensee obligations to parties of a transaction
|Real Estate Practice||14||A. Responsibilities of broker|
B. Brokerage agreements between the broker and principal (seller, buyer, landlord, or tenant)
C. Fair Housing
D. Risk management
|PROPERTY DISCLOSURES AND ENVIRONMENTAL|
|8||A. Property condition and environmental issues|
B. Disclosure obligations and liability
|FINANCING AND SETTLEMENT||7||A. Financing concepts and components|
B. Lender Requirements
C. Federal Financing Regulations and Regulatory Bodies
D. Settlement and closing the transaction
|REAL ESTATE MATH CALCULATIONS||7||A. Property area calculations|
B. Property valuation
C. Commission/ compensation
D. Loan financing costs
E. Settlement and closing costs
G. Property management calculations
Here is the exam content of the State Portion:
|State Portion Content Outline||Weighting||Topics|
|I. DUTIES AND POWERS OF THE COMMISSION||5%||A. Determining Misconduct|
B. Enforcement and Disciplinary Action
C. Real Estate Education, Research, and Recovery Fund
|II. LICENSING REQUIREMENTS||5%||A. Types of Licensing and Permits and Requirements|
B. License Maintenance
C. Required Timely Notifications to the Division
|III. AGENCY||20%||A. Agency|
B. Duties Owed by a Nevada Licensee
C. 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||20%||A. Residential Disclosure Guide|
B. Seller’s Real Property Disclosure
C. Disclosure of Common-Interest Communities
D. Disclosure of licensee as principal
E. Other disclosures
|VI. CONTRACTS||20%||A. Brokerage Agreements, including listing and buyer|
B. Preparation and Handling of Documents
C. Settlement Statements
D. Advance Fees
E. Handling of Earnest Money Deposits
|VII. RECORD KEEPING||5%||A. Maintenance of Records|
|VIII. SPECIAL TOPICS||5%||A. Subdivisions|
C. Environmental Issues
D. Water Rights
Salesperson Exam Sample Questions
1. A buyer’s interest in real property, acquired at the moment the seller and the buyer enter into a sales contract, is known as:
a. legal title
b. equitable interest
c. fee simple determinable
d. an option to purchase
2. The appropriate time for a selling broker to explain the agency relationship to a prospective buyer is:
a. at their initial meeting
b. after the buyer has viewed a number of properties
c. when the buyer is prepared to sign a purchase agreement
d. at closing
3. A geographic region in which similar properties compete with the subject property for potential buyers is called a:
b. political district
c. market area
d. demand unit
4. The agency that is charged with enforcing the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) in the case of an owner who allows the dumping of wastes on a property is the:
a. Housing and Urban Development
b. Federal Emergency Management Agency
c. Environmental Protection Agency
d. Occupational Safety and Health Administration
5. A lot was purchased as an investment for $10,500 and sold a year later at a loss of 20%. If the owner paid a 10% commission, what was the owner’s net loss on the sale?
Salesperson Sample AnswersQuote from Nevada Real Estate Candidate Handbook
Tips to prepare for the Nevada Real Estate Exam
Let’s Study the Nevada Real Estate Exam “Strategically”
Many people would try to read and memorize all the study materials. Although it could work for some people, it really doesn’t work for me.
Here are the exact steps I have been using to prepare for exams. It has worked wonderfully for me throughout high school and university, and they still work well when I wrote exams in my field of work.
- Review the exam outline to see which topics will be heavily weighted
- Skim through a practice exam to get a sense of the questions
- Read over the course materials. Focus more on the sections you’ve seen in the practice exam and those that will be heavily scored.
- Try writing a practice test.
- For the parts that you got wrong, you should review them carefully. I usually would create a document file and take notes on those topics.
- Repeat steps 4 and 5 until you can score at least 10% more of the required passing mark for at least two practice exams. (Some people would get nervous during the actual exam writing, so it’s better to have a buffer room on the score. In this case, try to aim for over 80% for the Nevada real estate exam.)
Doing practice questions indeed can help you prepare for the real estate exam. They help you understand what type of questions you’re likely going to see during the test and give you an idea of what topics might come up, making studying more efficient.
Here’s another tip: Studying for the sack of passing the real estate exam could be dreadful. Remember a specific question appears in the test because it could actually be applied in your real estate practice. When you study, just imagine it is your client who is asking the questions.
Here are some Nevada Real Estate Exam Preps that can help You
Real Estate Express – An approved education provider in many states
I like Real Estate Express because of its excellent reputation and a long-term track record of satisfying students. At the time I’m writing this post, it has a standalone exam prep,” which costs around $99. You may click here to view their Exam Prep program. (**)
However, if you haven’t taken the pre-licensing course, they also have 4 packages available in most states.
- The Basics
- Exam Preparation
- Exam Preparation Plus
- Ultimate Learning
Besides “The Basics” package, the other three usually come with the Exam Prep, and they also come with a “Pass or Don’t Pay Guarantee” in most states. That’s how confident they are! You may learn more about their courses package here. (**)
PrepAgent – An Interactive Way to Prepare Your Real Estate Exam
PrepAgent is another excellent choice in helping you to pass the real estate exam. Rather than sitting in front of your desk for hours and studying from boring textbooks, Prep Agent is a much more interactive and effective way.
I like their premium package as it consists of audio lessons, online interactive flashcards, live online webinars, exam prep ebook, and many more. This package allows you to access the materials for the entire year.
Where can I take my real estate exam in Nevada?
There are 3 testing centers where you can take the Nevada real estate exam. They are:
- Las Vegas (Flamingo): Tuesday through Saturday
- Las Vegas (Convention Center): 3-4 days a week and 2 Saturdays a month
- Reno: 3-5 days a week and 1-2 Saturdays a month
- Elko: Schedule varies
It’s better to do a search in Google Map beforehand. I usually would do a street view tour to have a better idea of the testing location. And also find out where you can park your car.
On the testing day, you should account for the time to sign in and go through the identification process. It’s better to arrive at the testing center at least 30 minutes before your exam.
What should I bring to the exam center?
You are required to bring two pieces of valid ID. The primary ID needs to be a government issued ID with photograph and signature.
- U.S. Dept. of State Driver’s License
- U.S. Learner’s Permit (plastic card only with photo and signature)
- National/State/Country ID card
- Passport Card
- Military ID
- Military ID for spouses and dependents
- Alien Registration Card (Green Card, Permanent Resident Visa)
The Secondary ID needs to have signature and not expired.
• U.S. Social Security card
• Debit (ATM) or Credit card
• Any form of ID on the Primary ID list
When will I know the result?
Once you finish writing the real estate exam, you will receive a score report that mark either “pass” or “fail”.
- If you pass, you will be provided with information on how to apply for a license.
- If you fail, you will be provided with a numeric score and diagnostic details of the exam. You will also receive information about reexamination.
How can I retake the Nevada real estate exam?
You may retake the failed portion of the Nevada real estate exam after 24 hours of writing the exam. If you fail to pass both portions within 12 months, you will have to retake the entire exam.
Here are more helpful resources about the Nevada real estate career
This article is part of the “Nevada Real Estate Career Series.” If you want to know more about being a real estate agent in Nevada, I invite you to check out the following articles:
- How to Become a Real Estate Agent in Nevada?
- How Much do Real Estate Agents Make in Nevada?
- Strategies to Be a Successful Real Estate Agent in Nevada
(**) Affiliate Disclosure: Please note that some of the links above are affiliate links, and at no additional cost to you. Our company, JCHQ Publishing will earn a commission if you decide to make a purchase after clicking on the link. Please understand that we include them based on our experience or the research on these companies or products, and we recommend them because they are helpful and useful, not because of the small commissions we make if you decide to buy something through the links. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
Disclaimer: The information in this post is for general information only, and not intend to provide any advice. They are subjected to change without any notice, and not guaranteed to be error-free. Some of the posts on RealEstateCareerHQ.com may contain views and opinions from the interviewees. They do not reflect our view or position.
- Nevada Real Estate Division- Real Estate Salesperson (source)
- Authorized Vendors – Fingerprinting (source)
- Salesperson Renewals (source)
- Nevada Real Estate Candidate Handbook (source)
- Nevada Code – Chapter 645 Real Estate Brokers and Salesperson (source)
- Bureau of Labor Statistics – Real Estate Agents (Source)