Nevada Real Estate Exam Prep

NV Salesperson Practice Exam

Our Nevada Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Nevada’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

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Nevada License Requirements

Applicants for a real estate salesperson license must show, proof of completion of the required 90 hours or 6 semester units of instruction in real estate principles, practices and law from a Nevada Real Estate Commission accredited provider.
The course must include a minimum of 18 hours ofNevada law. Certified transcripts must be submitted with the license application. Copies of certified transcripts are accepted.
Applicants must show proof of passing the national and Nevada state exam within one year of the application date.
Applicants may use their national examination results from another state (if dated within one year of the date of application for a Nevada real estate license) but must show proof of those results.

For more information on state requirements click here.

Nevada Sample Practice Real Estate Exam Questions and Answers

Nevada State Section

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Question 1

Does Nevada have homestead laws?

A	Yes
B	No

Question 2

Does Nevada allow Holographic wills?

A	Yes
B	No

Question 3

Which is not necessary for a valid contract?

A	acceptance
B	legal object
C	due date
D	offer

Question 4

Mortgage "discount" points only apply if which of the following conditions are met?

A	The loan does not close and the buyer owes the lender for services rendered
B	The interest rate on the mortgage loan has been lowered by 2% for each point charged
C	The seller has agreed to pay 1% of the closing costs
D	The interest rate on the mortgage loan has been lowered by 1% for each point charged

Question 5

Does Nevada have dower laws?

A	No, but a separate quitclaim deed may be executed at the same time as the mortgage
B	Yes

Question 6

Who is responsible for maintaining a habitable property and for complying with local housing and building codes:

A	Buyer
B	Agent
C	Lessee
D	Lessor

Question 7

What tenancies does Nevada allow?

A	all of the above
B	tenancy in common
C	joint tenancy with right of survivorship
D	community property with right of survivorship
E	community property

Question 8

What is a holographic will?

A	a will that has been approved by each family member.
B	a will that displays in 3D
C	a standard boiler plate will.
D	a will and testament that has been entirely handwritten and signed by the testator.

Question 9

Which of the following is required for an applicant to receive a Real Estate License?

A	Must have lived in the state for more than a year
B	Must be 25 or older
C	Must sit and pass the required exam
D	Must have a Bachelors degree

Question 10

What is homestead protection?

A	The estimated value that an asset will have at then end of it's useful life
B	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
C	Gradual subsidence of waters, leaving dry land
D	Net cash remaining to investor after sale of investment property

Question 11

After initially passing the real estate salesperson license exam, 30 hours of continuing education classes must be completed

A	in the first 2 years
B	in the first 4 years
C	in the first 3 years
D	in the first year

Question 12

In what circumstances, if any, can a broker in Nevada who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	In most circumstances, except when the buyer and seller are related
B	Only when both buyer and seller have legal representation
C	Only when both buyer and seller give informed consent to this arrangement
D	None; the broker may only collect compensation from one party to a transaction

Question 13

How many hours of Continuing education are required for subsequent salesperson license renewals, if the license is renewed after July 1, 2015?

A	12 hours
B	15 hours
C	24 hours
D	30 hours

Question 14

Which of the following would not put a sales person in jeopardy of losing their license in Nevada?

A	Convicted of a felony
B	Depositing his/her clients escrow money into a personal account
C	Being authorized to accept and excessive commission.
D	Placing an ad claiming to be a broker when they are not.

Question 15

What term means "going to the state?"

A	Taxation
B	Eminent Domain
C	escheat
D	police power

Question 15 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 16

The license law is administered by:

A	Department of Nevada Real Estate
B	Nevada Real Estate Commission
C	Nevada Real Estate Division
D	Nevada Real Estate Department

Question 17

How soon can a broker receive a commission check after a closing in Nevada?

A	Once the offer sheet is signed.
B	Once the seller agrees to the price.
C	After the transaction is completed and funded.
D	When the Buyer moves in.

Question 18

The Salesperson license fee costs how much?

A	$120
B	$125
C	$100
D	$135

Question 19

Which of the following is a landlord's option for a tenant not paying the rent?

A	shut off the power
B	shutoff the gas
C	lock the tenant out of the apartment
D	Notice to Quit for Unlawful Detainer

Question 20

Is Nevada a community property state?

A	Yes
B	No

Question 21

Which of the following isn't part of a deed?

A	novation
B	acknowledgement
C	Premises
D	Habendum

Question 22

Standing trees would be considered:

A	Real property
B	Personal Property
C	Chattels
D	Emblements

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