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.

How to Become a Real Estate Agent in Nevada

If you want to get your real estate license in Nevada, you must complete at least 90 hours of Nevada Real Estate Commission approved classes. Only then will you be eligible to sign up for and submit the state’s real estate exam. With our Nevada real estate study guides and practice tests, you are guaranteed to pass.

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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.

Nevada Sample Practice Real Estate Exam Questions and Answers

Nevada State Section

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Question 1

Standing trees would be considered:

A	Chattels
B	Personal Property
C	Real property
D	Emblements

Question 2

Does Nevada allow Holographic wills?

A	Yes
B	No

Question 3

What is a holographic will?

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

Question 4

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

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

Question 5

What is homestead protection?

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

Question 6

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	None; the broker may only collect compensation from one party to a transaction
C	Only when both buyer and seller have legal representation
D	Only when both buyer and seller give informed consent to this arrangement

Question 7

Which is not necessary for a valid contract?

A	legal object
B	offer
C	due date
D	acceptance

Question 8

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

A	novation
B	acknowledgement
C	Habendum
D	Premises

Question 9

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

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

Question 10

Does Nevada have homestead laws?

A	Yes
B	No

Question 11

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

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

Question 12

Is Nevada a community property state?

A	Yes
B	No

Question 13

What tenancies does Nevada allow?

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

Question 14

Does Nevada have dower laws?

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

Question 15

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 have a Bachelors degree
C	Must sit and pass the required exam
D	Must be 25 or older

Question 16

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

A	Buyer
B	Lessee
C	Agent
D	Lessor

Question 17

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

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

Question 18

The Salesperson license fee costs how much?

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

Question 19

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

A	The interest rate on the mortgage loan has been lowered by 1% for each point charged
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 loan does not close and the buyer owes the lender for services rendered

Question 20

What term means "going to the state?"

A	Taxation
B	escheat
C	police power
D	Eminent Domain

Question 20 Explanation:

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

Question 21

The license law is administered by:

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

Question 22

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

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

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