Nevada State Law Practice Test 2025/2026 | Licensing Exam Prep &
Study Guide with Verified Answers
1. Which of the following are requirements with respect to managing a Nevada principal
or branch office by a Nevada Broker-Salesperson?
a. Full-time licensee for two of the four years preceding
b. Full-time active brokerage experience for two of the four years preceding
c. Full-time active experience for two of the three years preceding
d. Full-time status, meaning thirty hours per week for the past 18 months - correct
answera. Full-time licensee for two of the four years preceding
To be a Broker-salesperson, you must have two of the previous 4 years full-time
experience in real estate and past brokers test and be broker or broker - salesperson
2. To be an active Broker in Nevada, you must:
a. have your principal office in your home
b. have an office in conjunction with another business
c. have an office in an area zoned properly
d. must have a place of business - correct answerc. have an office in an area zoned
properly
NAC 645.627 - Nevada Brokers are required to have a physical office and it must be in
an area properly zoned for such commercial office operation. Answer d. could be
correct, however c. is the better answer.
3. In an agency disclosure requirement, a statement identifying the principal and the
agents fiduciary duty to that principal is required:
a. only if the agent is representing more than one principal in the transaction
b. only to the other licensee involved in the transaction
c. only required when there is a Nevada Cooperating Broker
d. must be in writing to all parties (lessor, lessee, buyer, seller and/or other agents) -
correct answerd. must be in writing to all parties (lessor, lessee, buyer, seller and/or
other agents)
Agency disclosures must always be in writing and must be given to the parties
involved.
4. Salesperson Sam Smith is associated with the Doe Brokerage, which is owned by
broker Jane Doe. If Smith obtains a listing contract, which information MUST appear in
any advertisement for that listing?
a. Sam Smith, Real Estate Salesperson
b. Sam Smith and Jane Doe, Doe Brokerage.
,c. Doe Brokerage
d. Equal Housing Opportunity. - correct answerc. Doe Brokerage
The brokerage name must always appear on any real estate related advertisements
5. Disciplinary action may be brought against a Nevada Broker for unknown violations of
Nevada licensees associated with the Nevada Broker because the Nevada Broker:
a. is presumed to know
b. has employed them
c. has failed to properly supervise them
d. holds only a Nevada Broker-Salesperson license - correct answerc. has failed to
properly supervise them
It is a requirement that Nevada Brokers supervise their Nevada Licensees. Failure to
do so can result in fines to the Nevada Broker.
6. The maximum amount that can be collected from NVERRF regarding any one
Nevada licensee's actions is:
a. $10,000
b. $100,000
c. $40,000
d. $20,000 - correct answerb. $100,000
NRS 645.844 - Recent changes increased the amount payable to $25,000 per incident,
$100,000 per Nevada Licensee.
7. Nevada Real Estate Commissioners are:
a. elected every three years
b. elected every four years
c. appointed for two years
d. appointed for three years - correct answerd. appointed for three years
NRS 645.050 and NRS 645.060 - NVREC's are appointed for a term of 3 years.
8. The accounting of an advance fee must be made by the Nevada Broker to the
principal:
a. on the authorized form every three months regardless of the amount
b. within three months, regardless of the amount
c. within three months if $30.00 or more
d. within 30 days of any transaction of $30.00 or more - correct answerb. within three
months, regardless of the amount
NRS 645.322 - There is no specific form needed, therefore, b. is the correct answer.
Advance fees must be accounted for to the principal and the NVRED may require
accounting also.
, 9. The Nevada Real Estate Commission is appointed by:
a. the Nevada Governor
b. the Nevada Real Estate Administrator
c. the N.S.R. (Nevada State REALTORS®)
d. the Nevada Real Estate Director - correct answera. the Nevada Governor
NRS 645.050 - NVREC's are appointed by the Nevada Governor.
10. Which is NOT a required qualification of a Nevada Real Estate Commission
member?
a. U.S. citizenship
b. Nevada residency for five years
c. A Nevada Broker for the preceding three years or Nevada Broker-Salesperson for
five years
d. Active Nevada Broker for two of the previous four years - correct answerd. Active
Nevada Broker for two of the previous four years
NRS 645.090 - A NVREC must be an active Nevada Broker for at least three years
preceding appointment or a Nevada Broker-Salesperson for five years preceding
appointment.
11. A valid act by the Nevada Real Estate Commission requires how many Nevada
Commissioners' votes?
a. A majority of the NVREC's at the meeting
b. Three
c. Four
d. A majority vote certified by the president - correct answera. A majority of the
NVREC's at the meeting
NRS 645.160 - there is no specified number due to the possibility that a commission
meeting may take place with a majority of the commissioners being present. For
example, 3 of the 5 commissioners are present at a meeting, only 2 need agree on an
agenda item for acceptance. Therefore, only the majority present at the meeting
constitute a vote to conduct an act.
12. Nevada Real Estate license fees are deposited in:
a. the Nevada Real Estate Division Treasury
b. the Nevada State General Fund
c. the Nevada Real Estate License fund
d. the NVERRF - correct answerb. the Nevada State General Fund
NRS 645.140 - NVERRF is a part of the Nevada State General Fund, however, only
the NVERRF fees are placed there. The License fee, which is the question, is deposited
in the State General Fund.
Study Guide with Verified Answers
1. Which of the following are requirements with respect to managing a Nevada principal
or branch office by a Nevada Broker-Salesperson?
a. Full-time licensee for two of the four years preceding
b. Full-time active brokerage experience for two of the four years preceding
c. Full-time active experience for two of the three years preceding
d. Full-time status, meaning thirty hours per week for the past 18 months - correct
answera. Full-time licensee for two of the four years preceding
To be a Broker-salesperson, you must have two of the previous 4 years full-time
experience in real estate and past brokers test and be broker or broker - salesperson
2. To be an active Broker in Nevada, you must:
a. have your principal office in your home
b. have an office in conjunction with another business
c. have an office in an area zoned properly
d. must have a place of business - correct answerc. have an office in an area zoned
properly
NAC 645.627 - Nevada Brokers are required to have a physical office and it must be in
an area properly zoned for such commercial office operation. Answer d. could be
correct, however c. is the better answer.
3. In an agency disclosure requirement, a statement identifying the principal and the
agents fiduciary duty to that principal is required:
a. only if the agent is representing more than one principal in the transaction
b. only to the other licensee involved in the transaction
c. only required when there is a Nevada Cooperating Broker
d. must be in writing to all parties (lessor, lessee, buyer, seller and/or other agents) -
correct answerd. must be in writing to all parties (lessor, lessee, buyer, seller and/or
other agents)
Agency disclosures must always be in writing and must be given to the parties
involved.
4. Salesperson Sam Smith is associated with the Doe Brokerage, which is owned by
broker Jane Doe. If Smith obtains a listing contract, which information MUST appear in
any advertisement for that listing?
a. Sam Smith, Real Estate Salesperson
b. Sam Smith and Jane Doe, Doe Brokerage.
,c. Doe Brokerage
d. Equal Housing Opportunity. - correct answerc. Doe Brokerage
The brokerage name must always appear on any real estate related advertisements
5. Disciplinary action may be brought against a Nevada Broker for unknown violations of
Nevada licensees associated with the Nevada Broker because the Nevada Broker:
a. is presumed to know
b. has employed them
c. has failed to properly supervise them
d. holds only a Nevada Broker-Salesperson license - correct answerc. has failed to
properly supervise them
It is a requirement that Nevada Brokers supervise their Nevada Licensees. Failure to
do so can result in fines to the Nevada Broker.
6. The maximum amount that can be collected from NVERRF regarding any one
Nevada licensee's actions is:
a. $10,000
b. $100,000
c. $40,000
d. $20,000 - correct answerb. $100,000
NRS 645.844 - Recent changes increased the amount payable to $25,000 per incident,
$100,000 per Nevada Licensee.
7. Nevada Real Estate Commissioners are:
a. elected every three years
b. elected every four years
c. appointed for two years
d. appointed for three years - correct answerd. appointed for three years
NRS 645.050 and NRS 645.060 - NVREC's are appointed for a term of 3 years.
8. The accounting of an advance fee must be made by the Nevada Broker to the
principal:
a. on the authorized form every three months regardless of the amount
b. within three months, regardless of the amount
c. within three months if $30.00 or more
d. within 30 days of any transaction of $30.00 or more - correct answerb. within three
months, regardless of the amount
NRS 645.322 - There is no specific form needed, therefore, b. is the correct answer.
Advance fees must be accounted for to the principal and the NVRED may require
accounting also.
, 9. The Nevada Real Estate Commission is appointed by:
a. the Nevada Governor
b. the Nevada Real Estate Administrator
c. the N.S.R. (Nevada State REALTORS®)
d. the Nevada Real Estate Director - correct answera. the Nevada Governor
NRS 645.050 - NVREC's are appointed by the Nevada Governor.
10. Which is NOT a required qualification of a Nevada Real Estate Commission
member?
a. U.S. citizenship
b. Nevada residency for five years
c. A Nevada Broker for the preceding three years or Nevada Broker-Salesperson for
five years
d. Active Nevada Broker for two of the previous four years - correct answerd. Active
Nevada Broker for two of the previous four years
NRS 645.090 - A NVREC must be an active Nevada Broker for at least three years
preceding appointment or a Nevada Broker-Salesperson for five years preceding
appointment.
11. A valid act by the Nevada Real Estate Commission requires how many Nevada
Commissioners' votes?
a. A majority of the NVREC's at the meeting
b. Three
c. Four
d. A majority vote certified by the president - correct answera. A majority of the
NVREC's at the meeting
NRS 645.160 - there is no specified number due to the possibility that a commission
meeting may take place with a majority of the commissioners being present. For
example, 3 of the 5 commissioners are present at a meeting, only 2 need agree on an
agenda item for acceptance. Therefore, only the majority present at the meeting
constitute a vote to conduct an act.
12. Nevada Real Estate license fees are deposited in:
a. the Nevada Real Estate Division Treasury
b. the Nevada State General Fund
c. the Nevada Real Estate License fund
d. the NVERRF - correct answerb. the Nevada State General Fund
NRS 645.140 - NVERRF is a part of the Nevada State General Fund, however, only
the NVERRF fees are placed there. The License fee, which is the question, is deposited
in the State General Fund.
