Correct Answers| 2026 Updated
1. How much time is given to pass the NV salesperson exam?
4 hours - 240 minutes or 4 hours total
2. How many continuing education hours are required?
24 hours - State of NV requires salesperson to complete 24-hours of continuing
education every 2 years in each 4 year licensing term
3. In order to obtain a NV real estate license you must have a HS diploma?
True - you must have a HS diploma or equivalent
4. How often must you renew your sales agent license?
Every 2 years - NV salespeople and brokers must renew their license one year
after their initial licensure. After the first renewal cycle realtors must renew every
two years by the original date of issuance.
,5. How old do you have to be in NV to obtain a real estate license?
18 years old
6. Which of these is a fixture? Refrigerator, Microwave, Free Standing Work
Bench, or Window Blinds
Window blinds - fixtures are articles of personal property that are attached
(screwed in, etc.) and become real property. When window blinds are screwed
into the home. They become part of the improvement that is part of the real
property.
7. A ______ is a promise of real property, kept by the lender to secure the loan.
note - the legal definition of a note, as it applies to real estate, is a promise of real
property to secure a loan. While the complete term is promissory note, today's
professionals simply use the term note and you should know that it refers to
promissory note. The word promise in the question was a clue to the correct
answer. (a mortgage is also a representation of debit obligation that the borrow
keeps. The lender gets the note.)
8. All of these are good examples of severance except______.
dividing a single room into two rooms - severance is converting real property to
personal property. When it is removed, it turns back into personal property.
,9. Which lien is required by law to be paid first?
delinquent property taxes - government entities make sure they are the first to get
a crack at the money when repayment becomes possible.
10. Which of these is not a type of leasehold estate?
estate in perpetuity - there is no such estate as "estate in perpetuity." All other
answer options are types of leasehold estates.
11. A buyer and seller agree to wait until the seller's listing is expired to make
the sale in order to avoid paying the broker his share. How can the broker get his
commission?
prove in court he was the procuring cause of sale - a court will likely grant
commission to a real estate broker if he can prove he was the procuring cause of
sale, even if the listing expired. Legally this is referred to as a broker protection
clause.
12. A contract can become voidable if one of the parties was being victimized
because ____.
all of these - They were a minor, misled, or did not agree voluntarily - all 3 provide
legal cause for the contract to be voided.
13. Which of the following is not a requirement for a deed to be valid?
, recording in a county courthouse - although recording lets others know of the
deed's existence and it is probably a great idea, it is not required for a deed to be
a valid document. Many lenders require that it be recorded, but recording is not
required to make the deed valid.
14. An express contract is ____.
either written or oral - an express contract is created in words, either written or
oral. The other answer choices are not true.
A good example of an implied contract is _____.
after a written lease expires, rent is paid and the check cashed. - the owner shows
through his actions that the contract is still valid, even though now it's simply
implied.
16. Which of the following is not true regarding a contract of sale?
It must be notarized - signatures on a contract of sale do not have to notarized.
17. Deed restrictions and easements on a property are considered_____ when
written into the deed.
exceptions and reservations - these are restrictions or limitations explicitly
described in the deed.