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The real estate agent’s job is to inform and sell property. The process of becoming a real estate agent in Nevada becomes more complicated when multiple agencies are involved, the buyer or seller may have different interests than your own, and you need to be licensed for two counties.
To become a successful real estate agent in Nevada you’ll need experience as well as knowledge about the state laws that govern this industry.
The “nevada real estate license classes” is a process that one must go through to become a real estate agent in Nevada. There are three different levels of licenses, and the state requires a certain amount of training before you can apply for your license.
The Silver State has a lot to offer in terms of real estate, with typical property prices reaching $869,900. You’ll need to finish Nevada Real Estate Division-approved (NRED) schooling, a background check, an application, and a passing score on the real estate test to begin your real estate career in Nevada. With this step-by-step tutorial, we’ll walk you through the process of earning your real estate license in Nevada.
The state’s prelicensing education requirements have recently revised. Prior to this, you had to finish 90 hours of coursework before taking your test.
1. Comply with all legal requirements set out by the state
To be eligible for a real estate license in Nevada, you must be 18 years old. You may not be qualified for a real estate license if you have a criminal record. Certain crimes, particularly those done within the recent three years, will immediately preclude you from receiving your license.
Any criminal behavior must be disclosed on your application, along with a thorough explanation and court records. Before proceeding with your license, go over the frequently asked questions concerning criminal records.
What if I told you that Arizona, Colorado, Delaware, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Minnesota, Oklahoma, South Carolina, Texas, Utah, Washington, and West Virginia are among the 16 states that provide reciprocity. Agents who have previously obtained a license in another state are exempt from doing all of NRED’s prelicensing courses. To get their license, they must finish 18 hours of Nevada law, submit to a background check, pass the real estate test, and complete Form 656.
Nevada is also a cooperative state when it comes to portability. It permits out-of-state real estate agents and brokers to do real estate business in the state. Out-of-state agents, on the other hand, must have a co-brokerage agreement with a licensed in that state in order to operate on a real estate transaction. Check out our real estate license reciprocity and portability guide for more information about real estate license portability in Nevada.
2. Complete all pre-licensing courses that are required.
If you fulfill the legal criteria for licensure in your state, the next step is to finish the 120 hours of prelicensing coursework. There are a number of certified real estate schools where you may finish your study in person or online, with prices ranging from $149 to $395 depending on the learning provider.
All courses, regardless of school, must cover the following topics:
- The commission’s responsibilities and authority
- Requirements for obtaining a license
- Agency
- Practice with a license
- Disclosures
- Contracts
- Keeping track of things
- Topics of particular interest
- Terminology and definitions
- Purchase and sale of timeshares, as well as agreements
- Laws governing fair housing
- Taking care of deposits and other trust funds
- Financing
- Meetings for advertising, marketing, and promotion
What if I told you that If you’ve studied real estate concepts, real estate law, contracts in real estate transactions, and agency, you may use college credits instead of 120 hours of study. You may also be eligible to waive the educational requirements if you are a licensed attorney who has attended Nevada law courses. To discover whether you qualify for a waiver, fill out Form 501.
Many online real estate schools in Nevada can satisfy your Requirements for obtaining a license. With the lowest prices compared to competitors and high-quality education options of livestream or self-paced learning environments, check out Key Realty School to embark on your real estate career journey.
Take a look at Key Realty School.
3. Get Fingerprints & Background Check
All applicants must submit fingerprints for a background check, according to the NRED. Fingerprints expire after six months, so acquire them as soon as possible after finishing your prelicensing study. There are several certified suppliers around the state, so you may choose one that is most convenient for you. Look for approved suppliers on Form 691; costs vary based on the seller.
To complete this procedure, you may send NRED a fingerprint card or a verification form produced by an authorized vendor. If you’re sending a fingerprint card to the NRED directly, you’ll also need to include a $40.25 cashier’s check or money order made out to the “Department of Public Safety.”
4. Take the Examination
It’s time to pass your real estate test once you’ve finished your prelicensing study and background check. Exams are taken on a computer, and you will get your results with a “pass” or “fail” score shortly after they are completed. Those who pass will be given instructions on how to apply for their driver’s license. If you don’t pass, you’ll get a numeric score report with a diagnostic assessment of your strengths and shortcomings.
You must pass both parts of the test since it is separated into national and state sections. Hopefully, you will pass both portions; but, if you do not, you will just have to retake the one that you failed. If you don’t pass both portions in a year, you’ll have to repeat the full test. If you fail one or both parts of the test, you may repeat it as many times as you need within a year, but you must wait 24 hours between reschedulings.
Exam Specifics
Make Your Exam Appointment
Pearson Vue, a computer-based testing company, administers the Nevada real estate exam. To begin scheduling, you’ll need to register for a Pearson Vue account, which will get you access to the scheduling interface. For more testing information, you will get a copy of the Candidate Handbook. The test costs $100 and may be paid with a credit or debit card immediately on the internet.
Although Nevada may not have the highest passing percentage, you should still be prepared to ace your test. For a thorough test prep course at a reasonable price, we propose Real Estate Exam Scholars. Even better, if you don’t pass the first time, you can get your money back.
Real Estate Exam Scholars is a great place to start.
5. Decide the company you want to work for.
You must locate a sponsoring brokerage to affiliate your license in order to keep it active in Nevada. Check out our in-depth guide on choose the appropriate real estate business to work with to make your decision a little simpler. Although there are numerous successful brokerages in Nevada, the top five brokerages reported for 2021 are shown here.
(Image courtesy of Real Trends 2021.)
Cities with the Highest Median Sales Price in Nevada in 2021
The amount of your commission is determined by the home’s selling price. Check out the sales statistics from Towncharts.com below to get a feel of which communities in Nevada are bringing in the big bucks:
6. Submit an application for your license
It’s time to apply for your Nevada real estate license now that you’ve passed the test. After completing your test, you will get an application from Pearson Vue, or you may obtain the application form (Form 549) from the NRED website.
Along with the application, you must provide a Certificate of Completion from your 120 hours of schooling, evidence of passing test score, fingerprint card, and $125 cost.
Applicants must also get a notarized signature on the application from their affiliate broker. The non-refundable cost is due to the Nevada Real Estate Division by check, cashier’s check, or money order. For in-person purchases, credit cards are accepted with a 2% convenience charge, and cash is accepted in precise amounts.
7. Get Your Real Estate Career Started
You’re ready to begin your real estate career now that you’ve learned how to become a real estate agent in Nevada.
Take a look at our Top 25 New Real Estate Agent Tips from the Pros or 14 Real Estate Agent Tips for 2021 for additional information on how to kick-start your career.
The “real estate license nevada cost” is the cost of becoming a real estate agent in Nevada. The state requires you to have a high school diploma and pass an exam before being approved for your license.
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