90-Hour Nevada Pre-License Course 2026 | Real Estate
Exam Prep | Questions & Verified Answers | Graded A+
1. Which of the following authorities administers NRS 645?
The Nevada Real Estate Division.
The Administrator.
The Nevada Department of Business and Industry.
The Nevada Real Estate Commission.
2. What is the purpose of an alienation clause in a mortgage agreement?
To reduce the interest rate on the mortgage.
To declare the entire loan balance due when the property is
transferred.
To extend the loan term upon property sale.
To allow the borrower to refinance the loan.
3. What are the main areas of focus in the principles and practices portion of
the real estate course?
Fundamental concepts, procedures, and legal aspects of real estate
transactions.
Marketing strategies and client management.
Financial analysis and investment strategies.
Property appraisal and valuation methods.
4. In a real estate transaction, if a seller removes a fixture before closing, what
potential legal issue could arise?
, The buyer must pay extra for the removed fixture.
The buyer may claim that the seller breached the contract by
removing a fixture that was included in the sale.
The seller can keep the fixture without any consequences.
There are no legal issues as fixtures can be removed at any time.
5. If a real estate agent is advising a client interested in purchasing a time share,
what key factor should they emphasize regarding ownership rights?
The exclusive rights to the property for the entire year.
The shared nature of ownership and the specific time periods
allocated to each owner.
The ability to sell the time share at any time without restrictions.
The potential for full ownership after a certain period.
6. At what point does the Commission make the Education, Research and
Recovery Fund annual statement public?
90 days after the close of the fiscal year.
10 days after the close of the fiscal year.
60 days after the close of the fiscal year.
120 days after the close of the fiscal year.
7. What does the text indicate about the specific number of continuing
education hours required for brokers or broker-salespeople in Nevada?
Both brokers and broker-salespeople must complete 60 hours.
The text does not specify the exact number of hours required for
brokers or broker-salespeople.
, Broker-salespeople must complete 45 hours.
Brokers are required to complete 30 hours.
8. If a property owner is facing a lawsuit from a third party claiming superior
title, which covenant would be most relevant in defending their right to use
the property?
Covenant of Further Assurance
Covenant of Seisin
Covenant of Warranty
Covenant of Quiet Enjoyment
9. Describe the significance of completing educational courses in the Nevada
real estate licensing process.
Completing educational courses ensures that applicants have the
necessary knowledge and skills for real estate practice.
Completing educational courses only prepares applicants for the
written exam.
Completing educational courses is optional and does not affect the
application.
Completing educational courses is only required for post-licensing
education.
10. What is the legal term used to describe a form of concurrent ownership
where two or more individuals share undivided interest in a property?
Joint tenants
Tenants in common
Life estate
, Sole ownership
11. What is the time frame in which a developer must refund money to a buyer
who cancels a contract within a subdivision?
5 days
30 days
15 days
10 days
12. Describe the significance of the permanent identifying number in the
context of time-share plans.
The permanent identifying number is a temporary code that changes
annually.
The permanent identifying number serves as a unique identifier for
each time share, ensuring proper tracking and management within
the time-share plan.
The permanent identifying number is used to determine the market
value of a time share.
The permanent identifying number is only relevant for legal disputes.
13. What is the cost associated with renewing a permit to sell time shares in
Nevada?
$500
$1000
$250
$750
Exam Prep | Questions & Verified Answers | Graded A+
1. Which of the following authorities administers NRS 645?
The Nevada Real Estate Division.
The Administrator.
The Nevada Department of Business and Industry.
The Nevada Real Estate Commission.
2. What is the purpose of an alienation clause in a mortgage agreement?
To reduce the interest rate on the mortgage.
To declare the entire loan balance due when the property is
transferred.
To extend the loan term upon property sale.
To allow the borrower to refinance the loan.
3. What are the main areas of focus in the principles and practices portion of
the real estate course?
Fundamental concepts, procedures, and legal aspects of real estate
transactions.
Marketing strategies and client management.
Financial analysis and investment strategies.
Property appraisal and valuation methods.
4. In a real estate transaction, if a seller removes a fixture before closing, what
potential legal issue could arise?
, The buyer must pay extra for the removed fixture.
The buyer may claim that the seller breached the contract by
removing a fixture that was included in the sale.
The seller can keep the fixture without any consequences.
There are no legal issues as fixtures can be removed at any time.
5. If a real estate agent is advising a client interested in purchasing a time share,
what key factor should they emphasize regarding ownership rights?
The exclusive rights to the property for the entire year.
The shared nature of ownership and the specific time periods
allocated to each owner.
The ability to sell the time share at any time without restrictions.
The potential for full ownership after a certain period.
6. At what point does the Commission make the Education, Research and
Recovery Fund annual statement public?
90 days after the close of the fiscal year.
10 days after the close of the fiscal year.
60 days after the close of the fiscal year.
120 days after the close of the fiscal year.
7. What does the text indicate about the specific number of continuing
education hours required for brokers or broker-salespeople in Nevada?
Both brokers and broker-salespeople must complete 60 hours.
The text does not specify the exact number of hours required for
brokers or broker-salespeople.
, Broker-salespeople must complete 45 hours.
Brokers are required to complete 30 hours.
8. If a property owner is facing a lawsuit from a third party claiming superior
title, which covenant would be most relevant in defending their right to use
the property?
Covenant of Further Assurance
Covenant of Seisin
Covenant of Warranty
Covenant of Quiet Enjoyment
9. Describe the significance of completing educational courses in the Nevada
real estate licensing process.
Completing educational courses ensures that applicants have the
necessary knowledge and skills for real estate practice.
Completing educational courses only prepares applicants for the
written exam.
Completing educational courses is optional and does not affect the
application.
Completing educational courses is only required for post-licensing
education.
10. What is the legal term used to describe a form of concurrent ownership
where two or more individuals share undivided interest in a property?
Joint tenants
Tenants in common
Life estate
, Sole ownership
11. What is the time frame in which a developer must refund money to a buyer
who cancels a contract within a subdivision?
5 days
30 days
15 days
10 days
12. Describe the significance of the permanent identifying number in the
context of time-share plans.
The permanent identifying number is a temporary code that changes
annually.
The permanent identifying number serves as a unique identifier for
each time share, ensuring proper tracking and management within
the time-share plan.
The permanent identifying number is used to determine the market
value of a time share.
The permanent identifying number is only relevant for legal disputes.
13. What is the cost associated with renewing a permit to sell time shares in
Nevada?
$500
$1000
$250
$750
