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Real Estate Frequently Asked Questions

 

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Please click a question below to find out the answer:
Questions
1) What are the requirements to become a Nevada Salesperson?
2) What does a Real Estate Agent do?
3) How long is the real estate salespersons course?
4) Is there a test?
5) How does a real estate license become active?
6) What is required to maintain a license?
7) What is the fee to apply for a license?
8) What is the difference between a licensed Real Estate Broker and Agent?
9) What are the requirements to become a broker?
10) What other courses could I take that would assist me with my real estate career?
   
Answers
   
1) What are the requirements to become a Nevada Salesperson?
 

• Be at least 18 years of age
• Have high school Diploma
• Be a US Citizen or lawful permanent resident
• Show proof of residency in any state in the US
• Not have been convicted of a felony or crime involving moral turpitude
• Not have had a real estate application of license rejected or revoked in any state within the past 2 yrs
• Complete and pass the state approved 90 hour approved Pre License
• Pass the state exam
• Submit application with appropriate fees

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2) What does a Real Estate Agent do?
 

A Real Estate agent is a person licensed by a state to represent a buyer or seller in a real estate transaction in exchange for a commission. Unless they are also brokers, agents must work in association with a real estate broker or brokerage company.

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3) How long is the real estate salespersons course?
 

The Real Estate Pre License course is a total of 90 hours, which is the minimum mandated by the state.

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4) Is there a test?
 

Yes. This course requires a school exam which must be passed with a 75%. After passing the test you will be eligible to set an appointment to take the State exam to become licensed. The state exam must be passed with a grade of at least a 75%. The fee for the state exam is $65.00.

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5) How does a real estate license become active?
 

In order to have an active real estate license you must be affiliated with a broker.

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6) What is required to maintain a license?
 

The NV Real Estate Division requires you complete a 30 hour post licensing course with in the first year of licensure. In addition you must complete 24 hours of CE courses every 2 year renewal period. This must include 3 hours each of Agency, Contracts, Ethics and Law & Legislation. And 9 hours of General courses with an optional maximum of 3 hours in personal development.

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7) What is the fee to apply for a license?
 

The initial fee to apply for a real estate license is $180.00. The fee for a brokers license is $145.00.

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8) What is the difference between a licensed Real Estate Broker and Agent?
 

Most states require real estate sales professionals to be licensed by the state, so that they can control education and experience requirements and have a central authority to resolve consumer problems. The terminology used to identify real estate professionals varies a little from state to state. Brokers are generally required to have more education and experience than real estate salespersons or agents.

The person you normally deal with is a real estate agent or salesperson. The salesperson is licensed by the state, but must work for a broker. All listings are placed in the broker's name, not the salesperson’s name. A broker can deal directly with home buyers and sellers, or can have a staff of salespersons or agents working for him or her.

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9) What are the requirements to become a broker?
 

To become a broker in the state of Nevada you must:

• Be at least 18 years of age
• Be a US Citizen or lawful permanent resident
• Show proof of residency in any state in the US
• Not have been convicted of a felony or crime involving moral turpitude
• Not have had a real estate application of license rejected or revoked in any state within the past 2 yrs
• Successfully complete 64 college level credit courses or have a combination of education and experience
• Have a minimum of 2 years full-time experience as a licensed salesperson within the last four years which must be documented
• Pass the state exam
• Submit application with appropriate fees

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10) 10. What other courses could I take that would assist me with my real estate career?
 

AREA’s Home Inspection and Appraisal courses will help you expand your knowledge and help you better serve your clients when you are out on the field.  We offer both of these courses in online format are always   happy to welcome back past students.

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