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

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

Question 2

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 2 years
C	in the first 4 years
D	in the first year

Question 3

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 have a Bachelors degree
D	Must sit and pass the required exam

Question 4

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

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

Question 5

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

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

Question 6

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

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

Question 7

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 will and testament that has been entirely handwritten and signed by the testator.
D	a standard boiler plate will.

Question 8

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

A	Habendum
B	novation
C	Premises
D	acknowledgement

Question 9

What tenancies does Nevada allow?

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

Question 10

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	shut off the power
D	lock the tenant out of the apartment

Question 11

Which is not necessary for a valid contract?

A	legal object
B	due date
C	offer
D	acceptance

Question 12

What term means "going to the state?"

A	Eminent Domain
B	Taxation
C	police power
D	escheat

Question 12 Explanation:

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

Question 13

The Salesperson license fee costs how much?

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

Question 14

Does Nevada allow Holographic wills?

A	Yes
B	No

Question 15

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

Question 16

The license law is administered by:

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

Question 17

Is Nevada a community property state?

A	No
B	Yes

Question 18

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 19

Standing trees would be considered:

A	Real property
B	Personal Property
C	Chattels
D	Emblements

Question 20

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

A	Lessee
B	Buyer
C	Lessor
D	Agent

Question 21

What is homestead protection?

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

Question 22

Does Nevada have homestead laws?

A	No
B	Yes

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