NV Real Estate Exam Review
Agencyf-fcorrectfanswer✔ ✔ Relationshipfbetweenfthefprincipalf(client)fandfagent.
Businessf-fcorrectfanswer✔ ✔ Tangiblefassetsfoffanfexistingfenterprise.
DefinefBusinessfbroker:
Whatfarefthefrequirementsfforfafpermitf-fcorrectfanswer✔ ✔ REfbroker,fbroker-
salesman,forfsalesmanfwhofsellsfbusinesses.
-minimumf24fhoursfoffinstruction
-$40fpermit
-$75fexaminationffeef(mustfpassf75%)
Owner-Developerf-fcorrectfanswer✔ ✔ Ownsf5+fLotsfwithinfafsubdivision
RealfEstatefDivisionf-fcorrectfanswer✔ ✔
1.fThefREfDivisionfoffthefDepartmentfoffthefBusinessfIndustry
2.fRegulatesfREfPracticefinfNV
3.fAdministersfNRSf645
4.fNVfAttorneyfGeneralfactsfasfDivisionsfAttorney
CommissionfaccordingftofNRSf645f-fcorrectfanswer✔ ✔
RefersftofthefREfCommissionfinfNV
,1.f5fmembers,fmaximumf2ffromfsamefcounty
2.fUSfcitizens,fNVfresidentsf5fyrs
3.fMaximumf6fyrs
4.f2fmeetingsfperfyear
5.f$150fperfday
UsedfManufacturedforfMobilefHomef-fcorrectfanswer✔ ✔
1.fOccupiedfbeforeforfafterfthefsaleforflease
2.fOnlyfcanfsellfiffused
Administratorf-fcorrectfanswer✔ ✔ 1.fCEOfoffthefDivisionf-fheadsfDivision
2.fFTfemployeefoffstatefoffNV
3.fMustfnotfbefactivefREflicensee
Howfmuchfexperienceftimefisfneededftofobtainfafbrokersflicensefiffyoufwerefpreviouslyfouts
idefoffNevada?f-fcorrectfanswer✔ ✔
2foffthef4fimmediatefpreceedingfyearsfthefapplicantfwasfaffullftimefREflicensee
ActivefExperiencefaccordingftofNRSf645f-fcorrectfanswer✔ ✔
30hrsfperfweekfforfminf48fweeksfperfyear
, AdvisoryfCommitteef-fcorrectfanswer✔ ✔
EstablishedftofhelpfCommissionfhandlefanyfissuesftofcarryfoutftheflicenseflaws
Iffsomeonefhasfbeenfconvicted,fpleadfguiltyforfnofcontestfforfaffelony,ftheyfcannotfreceivefa
licensefuntil?f-fcorrectfanswer✔ ✔
f
3fyrsfafterfeitherfthefpersonfpaysfanyffine,forfparoleforfprobationfsentencefhasfexpired.
BrokerfLicensefEducationfRequirementsf-fcorrectfanswer✔ ✔
64fsemesterfunitsftotal,f45fsuffromfbelowf
-3fsufREflawf(18fhrs)
-3fsufprincipalsfoffRE
-9fsufREfappraisalf&fBusinessforfEconomics
-9fsufREfBusinessforfEconomics
-3fsufBrokerfManagement
Whenfmustfyoufreceivefpostflicensefeducation?fHowfmanyfhours?fHowfmanyfmodulesfmu
stfitfcontain?f-fcorrectfanswer✔ ✔ Withinftwofyears
30fhours
15fmodules
Howfmanyfhoursfisfrequiredfforfcontinuingfeducation?
Howfarefthosefhoursfbrokenfdown?f-fcorrectfanswer✔ ✔
24fhoursfforfcontinuingfeducationf-f12fspecified
Agencyf-fcorrectfanswer✔ ✔ Relationshipfbetweenfthefprincipalf(client)fandfagent.
Businessf-fcorrectfanswer✔ ✔ Tangiblefassetsfoffanfexistingfenterprise.
DefinefBusinessfbroker:
Whatfarefthefrequirementsfforfafpermitf-fcorrectfanswer✔ ✔ REfbroker,fbroker-
salesman,forfsalesmanfwhofsellsfbusinesses.
-minimumf24fhoursfoffinstruction
-$40fpermit
-$75fexaminationffeef(mustfpassf75%)
Owner-Developerf-fcorrectfanswer✔ ✔ Ownsf5+fLotsfwithinfafsubdivision
RealfEstatefDivisionf-fcorrectfanswer✔ ✔
1.fThefREfDivisionfoffthefDepartmentfoffthefBusinessfIndustry
2.fRegulatesfREfPracticefinfNV
3.fAdministersfNRSf645
4.fNVfAttorneyfGeneralfactsfasfDivisionsfAttorney
CommissionfaccordingftofNRSf645f-fcorrectfanswer✔ ✔
RefersftofthefREfCommissionfinfNV
,1.f5fmembers,fmaximumf2ffromfsamefcounty
2.fUSfcitizens,fNVfresidentsf5fyrs
3.fMaximumf6fyrs
4.f2fmeetingsfperfyear
5.f$150fperfday
UsedfManufacturedforfMobilefHomef-fcorrectfanswer✔ ✔
1.fOccupiedfbeforeforfafterfthefsaleforflease
2.fOnlyfcanfsellfiffused
Administratorf-fcorrectfanswer✔ ✔ 1.fCEOfoffthefDivisionf-fheadsfDivision
2.fFTfemployeefoffstatefoffNV
3.fMustfnotfbefactivefREflicensee
Howfmuchfexperienceftimefisfneededftofobtainfafbrokersflicensefiffyoufwerefpreviouslyfouts
idefoffNevada?f-fcorrectfanswer✔ ✔
2foffthef4fimmediatefpreceedingfyearsfthefapplicantfwasfaffullftimefREflicensee
ActivefExperiencefaccordingftofNRSf645f-fcorrectfanswer✔ ✔
30hrsfperfweekfforfminf48fweeksfperfyear
, AdvisoryfCommitteef-fcorrectfanswer✔ ✔
EstablishedftofhelpfCommissionfhandlefanyfissuesftofcarryfoutftheflicenseflaws
Iffsomeonefhasfbeenfconvicted,fpleadfguiltyforfnofcontestfforfaffelony,ftheyfcannotfreceivefa
licensefuntil?f-fcorrectfanswer✔ ✔
f
3fyrsfafterfeitherfthefpersonfpaysfanyffine,forfparoleforfprobationfsentencefhasfexpired.
BrokerfLicensefEducationfRequirementsf-fcorrectfanswer✔ ✔
64fsemesterfunitsftotal,f45fsuffromfbelowf
-3fsufREflawf(18fhrs)
-3fsufprincipalsfoffRE
-9fsufREfappraisalf&fBusinessforfEconomics
-9fsufREfBusinessforfEconomics
-3fsufBrokerfManagement
Whenfmustfyoufreceivefpostflicensefeducation?fHowfmanyfhours?fHowfmanyfmodulesfmu
stfitfcontain?f-fcorrectfanswer✔ ✔ Withinftwofyears
30fhours
15fmodules
Howfmanyfhoursfisfrequiredfforfcontinuingfeducation?
Howfarefthosefhoursfbrokenfdown?f-fcorrectfanswer✔ ✔
24fhoursfforfcontinuingfeducationf-f12fspecified
