In Nevada, before you can take the state’s real estate license exam, you must complete the pre-licensing education. The state requires 90 hours in two equal sections: 45 hours in principles and practices and 45 hours of real estate law including 18 hours of Nevada-specific law.
Where you can complete pre-licensing education:
Unlike most states, the Nevada Real Estate Commission does not require the applicant to complete the educational requirements at one of the Nevada real estate schools, or at a real estate school in another state, as long as he or she can prove the required hours and topics were met. If the applicant completed his or her pre-licensing education requirements in a state other than Nevada, he or she will probably still be required to take the 18 hours of Nevada real estate law, but will not have to take the other 72 hours of courses again.
Other licensing requirements:
- Pass the state exam with a score of 75 percent or better
- Fill out an application for a license within one year of passing the state exam
- Complete fingerprint cards
If you want to be a broker:
Broker and broker-salesperson applicants must complete all the salesperson pre-licensing requirements, and must also complete 64 college credits and a 45 hour broker management course. Of the 64 credits, 24 must focus in real estate and business related topics. Experience can be substituted for education; each two years of experience are considered equivalent to 16 college credits. A minimum of two years of experience is required to be considered a full broker, rather than a broker-salesperson.
Why Nevada real estate schools?
There are many reasons to choose to attend one of the many Nevada real estate schools instead of completing pre-licensing in another state, although as aforementioned, Nevada’s Real Estate Commission will allow education completed in another state to count towards pre-licensing requirements in Nevada. The number one reason is convenience: Nevada’s real estate schools will be tailored to meet the Nevada state pre-licensing requirements, which differ from those of other states in both topics and hours required. It will be more difficult to find a suitable school in another state and make certain it will meet the requirements. Second, it will look better to future clients and employers if you have completed your education requirements at one of Nevada’s real estate schools, since Nevada is where you want to practice real estate.
Expenses of licensing in Nevada:
- $299 for required education
- $100 for state exam fee
- $85 for salesperson’s license, or $105 for broker’s license (these licenses must be renewed regularly)
- $8 for fingerprint cards
By Riannon Cutler
Editor