Nevada Property Manager Permit Exam Practice
Questions and Correct Answers (Verified Answers)
Plus Rationales
Question 1: Which Nevada Revised Statute (NRS) chapter primarily governs the
licensing and regulation of real estate brokers, salesmen, and property managers? A.
NRS 118 B. NRS 119A C. NRS 645 D. NRS 482 CORRECT ANSWER: C. NRS 645 Rationale:
NRS 645 is the specific chapter in Nevada law that regulates real estate brokers, salesmen,
and property managers, including licensing requirements and disciplinary actions.
Question 2: What is the maximum security deposit a landlord can charge for a
residential rental in Nevada? A. One month's rent B. Two months' rent C. Three months'
rent D. There is no statutory limit on the amount of a security deposit in Nevada. CORRECT
ANSWER: D. There is no statutory limit on the amount of a security deposit in Nevada.
Rationale: Unlike some states, Nevada law (NRS 118A) does not place a statutory cap on the
maximum amount a landlord can charge for a security deposit.
Question 3: Within how many days must a Nevada landlord return a tenant's security
deposit or provide an itemized statement of deductions after the tenant vacates? A. 15
days B. 30 days C. 45 days D. 60 days CORRECT ANSWER: B. 30 days Rationale: Under
NRS 118A.242, a landlord has 30 days after the tenant surrenders the premises to return the
security deposit or provide an itemized written accounting of any deductions.
Question 4: Which of the following is a required disclosure in a Nevada residential
lease agreement? A. The landlord's favorite color B. The name and address of the
authorized agent or owner for receiving notices C. The credit score of the landlord D. The
previous tenant's forwarding address CORRECT ANSWER: B. The name and address of
the authorized agent or owner for receiving notices Rationale: NRS 118A.200 requires the
rental agreement to contain the name and address of the person authorized to manage the
premises and an owner or person authorized to act on behalf of the owner for service of
process and receiving notices.
Question 5: How many days' written notice must a landlord give a tenant to terminate a
month-to-month tenancy in Nevada without cause? A. 7 days B. 14 days C. 30 days D. 60
days CORRECT ANSWER: C. 30 days Rationale: Under NRS 118A.200, either the landlord
or the tenant must provide at least 30 days' written notice to terminate a month-to-month
tenancy.
Question 6: What is the primary purpose of a property management trust account? A.
To hold the property manager's personal funds for business expenses B. To hold client
funds, such as security deposits and rent, separate from the broker's operating funds C. To
,earn high interest for the brokerage D. To pay the property manager's commissions directly
CORRECT ANSWER: B. To hold client funds, such as security deposits and rent,
separate from the broker's operating funds Rationale: Trust accounts are legally required
to keep client funds (like rent and deposits) separate from the brokerage's operating funds
to prevent commingling and misappropriation.
Question 7: Under Nevada law, what is the maximum late fee a landlord can charge if
it is not specified in the lease agreement? A. $10 B. $25 C. Late fees cannot be charged
unless specifically stated in the written rental agreement. D. 5% of the monthly rent
CORRECT ANSWER: C. Late fees cannot be charged unless specifically stated in the
written rental agreement. Rationale: Nevada law requires that any late fee must be
explicitly outlined in the written rental agreement; otherwise, the landlord cannot legally
impose one.
Question 8: Which federal law prohibits discrimination in housing based on race,
color, religion, sex, handicap, familial status, or national origin? A. Americans with
Disabilities Act (ADA) B. Fair Housing Act (FHA) C. Equal Credit Opportunity Act (ECOA) D.
Civil Rights Act of 1866 CORRECT ANSWER: B. Fair Housing Act (FHA) Rationale: The
federal Fair Housing Act of 1968 (as amended) prohibits housing discrimination based on
these seven protected classes.
Question 9: In Nevada, which of the following is an additional protected class under
state fair housing laws? A. Marital status B. Sexual orientation and gender identity or
expression C. Political affiliation D. Occupation CORRECT ANSWER: B. Sexual orientation
and gender identity or expression Rationale: Nevada state law (NRS 118) explicitly adds
sexual orientation and gender identity or expression to the list of protected classes in
housing.
Question 10: What is the legal term for the illegal practice of inducing homeowners to
sell their properties by suggesting that people of a particular race or ethnicity are
moving into the neighborhood? A. Redlining B. Steering C. Blockbusting D. Price fixing
CORRECT ANSWER: C. Blockbusting Rationale: Blockbusting (or panic selling) is the
illegal practice of persuading owners to sell their homes by exploiting fears of demographic
changes in the neighborhood.
Question 11: When a property manager acts as an agent for the landlord, what type of
agency relationship is typically formed? A. Buyer's agency B. Seller's agency (Landlord's
agency) C. Dual agency D. Subagency CORRECT ANSWER: B. Seller's agency
(Landlord's agency) Rationale: The property manager represents the landlord (the
owner/seller of the rental rights), owing fiduciary duties to the landlord, not the tenant.
Question 12: Which of the following fiduciary duties is owed by a property manager to
their client (the landlord)? A. Confidentiality B. Obedience to all instructions, even illegal
,ones C. Guaranteeing a profit D. Representing the tenant's best interests CORRECT
ANSWER: A. Confidentiality Rationale: Fiduciary duties include loyalty, obedience (to
lawful instructions), disclosure, confidentiality, accounting, and reasonable care.
Confidentiality protects the client's sensitive information.
Question 13: How long must a Nevada real estate broker retain property management
records and trust account records? A. 1 year B. 3 years C. 5 years D. 10 years CORRECT
ANSWER: C. 5 years Rationale: Nevada Real Estate Division regulations require brokers to
maintain all transaction and trust account records for a minimum of 5 years.
Question 14: What is "commingling" in property management? A. Mixing personal or
business operating funds with client trust funds B. Managing multiple properties for the
same owner C. Combining maintenance requests into one work order D. Sharing a listing
with another broker CORRECT ANSWER: A. Mixing personal or business operating
funds with client trust funds Rationale: Commingling is a severe violation of real estate law
that occurs when a broker mixes client funds (which belong in a trust account) with the
broker's own operating or personal funds.
Question 15: Under NRS 118A, what is the maximum amount a landlord can charge for
a non-refundable application fee? A. $25 B. $50 C. The actual out-of-pocket costs incurred
for background and credit checks D. $100 CORRECT ANSWER: C. The actual out-of-
pocket costs incurred for background and credit checks Rationale: Nevada law stipulates
that application fees cannot exceed the actual out-of-pocket costs the landlord incurs for
processing the application, such as credit and background checks.
Question 16: If a tenant abandons a rental unit in Nevada, how many days must the
landlord wait before disposing of the tenant's abandoned personal property? A. 7 days
B. 14 days C. 30 days D. 60 days CORRECT ANSWER: B. 14 days Rationale: Under NRS
118A.420, if a tenant abandons the premises, the landlord must wait 14 days after providing
notice before disposing of the abandoned personal property.
Question 17: Which document is used to formally begin the eviction process in Nevada
for nonpayment of rent? A. Notice to Quit B. 5-Day Notice to Pay Rent or Quit C. 30-Day
Notice to Vacate D. Writ of Restitution CORRECT ANSWER: B. 5-Day Notice to Pay Rent
or Quit Rationale: For nonpayment of rent, Nevada law requires the landlord to serve a 5-
Day Notice to Pay Rent or Quit before filing an unlawful detainer action in court.
Question 18: What is the purpose of a "Writ of Restitution" in Nevada? A. To demand
unpaid rent from the tenant B. To authorize the sheriff or constable to physically remove a
tenant and restore possession to the landlord C. To freeze the tenant's bank account D. To
extend the tenant's lease CORRECT ANSWER: B. To authorize the sheriff or constable to
physically remove a tenant and restore possession to the landlord Rationale: A Writ of
, Restitution is the final court order in an eviction that authorizes law enforcement to remove
the tenant and return possession of the property to the landlord.
Question 19: Can a Nevada landlord legally change the locks on a tenant's unit without
a court order if the tenant is late on rent? A. Yes, if the rent is more than 10 days late B.
Yes, if the lease agreement allows it C. No, this is considered an illegal "self-help" eviction
D. Yes, if the landlord provides a 24-hour notice CORRECT ANSWER: C. No, this is
considered an illegal "self-help" eviction Rationale: Nevada law strictly prohibits "self-
help" evictions, such as changing locks, shutting off utilities, or removing doors, without a
court order and law enforcement involvement.
Question 20: What is the primary function of the Nevada Real Estate Division (NRED)?
A. To set rental rates for the state B. To regulate real estate licensees, enforce real estate
laws, and protect the public C. To provide free legal representation to tenants D. To collect
property taxes CORRECT ANSWER: B. To regulate real estate licensees, enforce real
estate laws, and protect the public Rationale: The NRED is the state agency responsible for
licensing, regulating, and disciplining real estate professionals to ensure compliance with
NRS 645 and protect consumers.
Question 21: Which of the following is NOT a valid reason for a landlord to enter a
tenant's occupied unit in Nevada? A. To make necessary repairs B. To show the unit to
prospective tenants within 30 days of the lease ending C. To inspect the unit for no reason at
any time of day D. In case of an emergency CORRECT ANSWER: C. To inspect the unit
for no reason at any time of day Rationale: NRS 118A.330 requires landlords to provide at
least 24 hours' notice and enter only at reasonable times for specific, lawful purposes like
repairs, inspections, or showings.
Question 22: How much notice must a Nevada landlord give a tenant before entering
the rental unit for a non-emergency reason? A. 12 hours B. 24 hours C. 48 hours D. 72
hours CORRECT ANSWER: B. 24 hours Rationale: Nevada law requires a minimum of 24
hours' written notice before a landlord can enter a tenant's unit for non-emergency
purposes.
Question 23: What is a "constructive eviction"? A. When a landlord legally evicts a tenant
through the court system B. When a landlord's actions or failure to maintain the property
make it uninhabitable, forcing the tenant to leave C. When a tenant leaves without notice D.
When a property is demolished CORRECT ANSWER: B. When a landlord's actions or
failure to maintain the property make it uninhabitable, forcing the tenant to leave
Rationale: Constructive eviction occurs when a landlord's breach of the implied warranty of
habitability (e.g., no heat, severe leaks) forces the tenant to vacate, treating it as a legal
eviction.
Questions and Correct Answers (Verified Answers)
Plus Rationales
Question 1: Which Nevada Revised Statute (NRS) chapter primarily governs the
licensing and regulation of real estate brokers, salesmen, and property managers? A.
NRS 118 B. NRS 119A C. NRS 645 D. NRS 482 CORRECT ANSWER: C. NRS 645 Rationale:
NRS 645 is the specific chapter in Nevada law that regulates real estate brokers, salesmen,
and property managers, including licensing requirements and disciplinary actions.
Question 2: What is the maximum security deposit a landlord can charge for a
residential rental in Nevada? A. One month's rent B. Two months' rent C. Three months'
rent D. There is no statutory limit on the amount of a security deposit in Nevada. CORRECT
ANSWER: D. There is no statutory limit on the amount of a security deposit in Nevada.
Rationale: Unlike some states, Nevada law (NRS 118A) does not place a statutory cap on the
maximum amount a landlord can charge for a security deposit.
Question 3: Within how many days must a Nevada landlord return a tenant's security
deposit or provide an itemized statement of deductions after the tenant vacates? A. 15
days B. 30 days C. 45 days D. 60 days CORRECT ANSWER: B. 30 days Rationale: Under
NRS 118A.242, a landlord has 30 days after the tenant surrenders the premises to return the
security deposit or provide an itemized written accounting of any deductions.
Question 4: Which of the following is a required disclosure in a Nevada residential
lease agreement? A. The landlord's favorite color B. The name and address of the
authorized agent or owner for receiving notices C. The credit score of the landlord D. The
previous tenant's forwarding address CORRECT ANSWER: B. The name and address of
the authorized agent or owner for receiving notices Rationale: NRS 118A.200 requires the
rental agreement to contain the name and address of the person authorized to manage the
premises and an owner or person authorized to act on behalf of the owner for service of
process and receiving notices.
Question 5: How many days' written notice must a landlord give a tenant to terminate a
month-to-month tenancy in Nevada without cause? A. 7 days B. 14 days C. 30 days D. 60
days CORRECT ANSWER: C. 30 days Rationale: Under NRS 118A.200, either the landlord
or the tenant must provide at least 30 days' written notice to terminate a month-to-month
tenancy.
Question 6: What is the primary purpose of a property management trust account? A.
To hold the property manager's personal funds for business expenses B. To hold client
funds, such as security deposits and rent, separate from the broker's operating funds C. To
,earn high interest for the brokerage D. To pay the property manager's commissions directly
CORRECT ANSWER: B. To hold client funds, such as security deposits and rent,
separate from the broker's operating funds Rationale: Trust accounts are legally required
to keep client funds (like rent and deposits) separate from the brokerage's operating funds
to prevent commingling and misappropriation.
Question 7: Under Nevada law, what is the maximum late fee a landlord can charge if
it is not specified in the lease agreement? A. $10 B. $25 C. Late fees cannot be charged
unless specifically stated in the written rental agreement. D. 5% of the monthly rent
CORRECT ANSWER: C. Late fees cannot be charged unless specifically stated in the
written rental agreement. Rationale: Nevada law requires that any late fee must be
explicitly outlined in the written rental agreement; otherwise, the landlord cannot legally
impose one.
Question 8: Which federal law prohibits discrimination in housing based on race,
color, religion, sex, handicap, familial status, or national origin? A. Americans with
Disabilities Act (ADA) B. Fair Housing Act (FHA) C. Equal Credit Opportunity Act (ECOA) D.
Civil Rights Act of 1866 CORRECT ANSWER: B. Fair Housing Act (FHA) Rationale: The
federal Fair Housing Act of 1968 (as amended) prohibits housing discrimination based on
these seven protected classes.
Question 9: In Nevada, which of the following is an additional protected class under
state fair housing laws? A. Marital status B. Sexual orientation and gender identity or
expression C. Political affiliation D. Occupation CORRECT ANSWER: B. Sexual orientation
and gender identity or expression Rationale: Nevada state law (NRS 118) explicitly adds
sexual orientation and gender identity or expression to the list of protected classes in
housing.
Question 10: What is the legal term for the illegal practice of inducing homeowners to
sell their properties by suggesting that people of a particular race or ethnicity are
moving into the neighborhood? A. Redlining B. Steering C. Blockbusting D. Price fixing
CORRECT ANSWER: C. Blockbusting Rationale: Blockbusting (or panic selling) is the
illegal practice of persuading owners to sell their homes by exploiting fears of demographic
changes in the neighborhood.
Question 11: When a property manager acts as an agent for the landlord, what type of
agency relationship is typically formed? A. Buyer's agency B. Seller's agency (Landlord's
agency) C. Dual agency D. Subagency CORRECT ANSWER: B. Seller's agency
(Landlord's agency) Rationale: The property manager represents the landlord (the
owner/seller of the rental rights), owing fiduciary duties to the landlord, not the tenant.
Question 12: Which of the following fiduciary duties is owed by a property manager to
their client (the landlord)? A. Confidentiality B. Obedience to all instructions, even illegal
,ones C. Guaranteeing a profit D. Representing the tenant's best interests CORRECT
ANSWER: A. Confidentiality Rationale: Fiduciary duties include loyalty, obedience (to
lawful instructions), disclosure, confidentiality, accounting, and reasonable care.
Confidentiality protects the client's sensitive information.
Question 13: How long must a Nevada real estate broker retain property management
records and trust account records? A. 1 year B. 3 years C. 5 years D. 10 years CORRECT
ANSWER: C. 5 years Rationale: Nevada Real Estate Division regulations require brokers to
maintain all transaction and trust account records for a minimum of 5 years.
Question 14: What is "commingling" in property management? A. Mixing personal or
business operating funds with client trust funds B. Managing multiple properties for the
same owner C. Combining maintenance requests into one work order D. Sharing a listing
with another broker CORRECT ANSWER: A. Mixing personal or business operating
funds with client trust funds Rationale: Commingling is a severe violation of real estate law
that occurs when a broker mixes client funds (which belong in a trust account) with the
broker's own operating or personal funds.
Question 15: Under NRS 118A, what is the maximum amount a landlord can charge for
a non-refundable application fee? A. $25 B. $50 C. The actual out-of-pocket costs incurred
for background and credit checks D. $100 CORRECT ANSWER: C. The actual out-of-
pocket costs incurred for background and credit checks Rationale: Nevada law stipulates
that application fees cannot exceed the actual out-of-pocket costs the landlord incurs for
processing the application, such as credit and background checks.
Question 16: If a tenant abandons a rental unit in Nevada, how many days must the
landlord wait before disposing of the tenant's abandoned personal property? A. 7 days
B. 14 days C. 30 days D. 60 days CORRECT ANSWER: B. 14 days Rationale: Under NRS
118A.420, if a tenant abandons the premises, the landlord must wait 14 days after providing
notice before disposing of the abandoned personal property.
Question 17: Which document is used to formally begin the eviction process in Nevada
for nonpayment of rent? A. Notice to Quit B. 5-Day Notice to Pay Rent or Quit C. 30-Day
Notice to Vacate D. Writ of Restitution CORRECT ANSWER: B. 5-Day Notice to Pay Rent
or Quit Rationale: For nonpayment of rent, Nevada law requires the landlord to serve a 5-
Day Notice to Pay Rent or Quit before filing an unlawful detainer action in court.
Question 18: What is the purpose of a "Writ of Restitution" in Nevada? A. To demand
unpaid rent from the tenant B. To authorize the sheriff or constable to physically remove a
tenant and restore possession to the landlord C. To freeze the tenant's bank account D. To
extend the tenant's lease CORRECT ANSWER: B. To authorize the sheriff or constable to
physically remove a tenant and restore possession to the landlord Rationale: A Writ of
, Restitution is the final court order in an eviction that authorizes law enforcement to remove
the tenant and return possession of the property to the landlord.
Question 19: Can a Nevada landlord legally change the locks on a tenant's unit without
a court order if the tenant is late on rent? A. Yes, if the rent is more than 10 days late B.
Yes, if the lease agreement allows it C. No, this is considered an illegal "self-help" eviction
D. Yes, if the landlord provides a 24-hour notice CORRECT ANSWER: C. No, this is
considered an illegal "self-help" eviction Rationale: Nevada law strictly prohibits "self-
help" evictions, such as changing locks, shutting off utilities, or removing doors, without a
court order and law enforcement involvement.
Question 20: What is the primary function of the Nevada Real Estate Division (NRED)?
A. To set rental rates for the state B. To regulate real estate licensees, enforce real estate
laws, and protect the public C. To provide free legal representation to tenants D. To collect
property taxes CORRECT ANSWER: B. To regulate real estate licensees, enforce real
estate laws, and protect the public Rationale: The NRED is the state agency responsible for
licensing, regulating, and disciplining real estate professionals to ensure compliance with
NRS 645 and protect consumers.
Question 21: Which of the following is NOT a valid reason for a landlord to enter a
tenant's occupied unit in Nevada? A. To make necessary repairs B. To show the unit to
prospective tenants within 30 days of the lease ending C. To inspect the unit for no reason at
any time of day D. In case of an emergency CORRECT ANSWER: C. To inspect the unit
for no reason at any time of day Rationale: NRS 118A.330 requires landlords to provide at
least 24 hours' notice and enter only at reasonable times for specific, lawful purposes like
repairs, inspections, or showings.
Question 22: How much notice must a Nevada landlord give a tenant before entering
the rental unit for a non-emergency reason? A. 12 hours B. 24 hours C. 48 hours D. 72
hours CORRECT ANSWER: B. 24 hours Rationale: Nevada law requires a minimum of 24
hours' written notice before a landlord can enter a tenant's unit for non-emergency
purposes.
Question 23: What is a "constructive eviction"? A. When a landlord legally evicts a tenant
through the court system B. When a landlord's actions or failure to maintain the property
make it uninhabitable, forcing the tenant to leave C. When a tenant leaves without notice D.
When a property is demolished CORRECT ANSWER: B. When a landlord's actions or
failure to maintain the property make it uninhabitable, forcing the tenant to leave
Rationale: Constructive eviction occurs when a landlord's breach of the implied warranty of
habitability (e.g., no heat, severe leaks) forces the tenant to vacate, treating it as a legal
eviction.
