Nevada State Law Pearson Vue Test
Prep Exam Questions & Answers
(Grade A+)
Money must be "seasoned" for what amount of time? -
correct answer ✅90 calendar days
What are the Nevada Salesperson licensing requirements? -
correct answer ✅Pass exam, 120 hours made of 45 law, 45
principles and 30 contracts and agency.
What education requirements would a Nevada Salesperson require
to become a Broker-Salesperson? -
correct answer ✅Pass Broker exam, 64 college units and 2 years of
full time experience (equal to 16 college units)
"Full time experience" to become a Nevada Broker-Salesperson can
be from where? -
correct answer ✅Any state, any level of licensure
How is "Full time experience" measured for Nevada? -
correct answer ✅30 hours per week, 48 weeks per year, 12
months per year, to be notarized by a Broker.
,Nevada State Law Pearson Vue Test
Prep Exam Questions & Answers
(Grade A+)
What are the requirements for a person wishing to be a Broker
only? -
correct answer ✅2 years full time experience within the previous 4
years, enough money to run a brokerage for 180 calendar days
How many Broker's licenses can one person have? -
correct answer ✅2. One personal, one corporate
What are the requirements for a Property Management Permit? -
correct answer ✅A real estate license and 24 hours of instruction
in property management done IN CLASSROOM, PM exam
completed and a designated Broker-salesperson with 2/4 previous
years FT PM experience.
When does a property management license renew? -
correct answer ✅When Nevada Real Estate License renews
What are the requirements for a Business Brokerage Permit? -
correct answer ✅A real estate license and 24 hours of instruction
in business brokerage done IN CLASSROOM or ONLINE, BB exam
completed and a designated Broker-salesperson with 2/4 previous
years FT BB experience.
, Nevada State Law Pearson Vue Test
Prep Exam Questions & Answers
(Grade A+)
Do permits attach to your NV real estate license -
correct answer ✅Yes
What are the renewal requirements to renew a first year license? -
correct answer ✅30 hours live classroom POST LICENSING course
After your initial renewal, how often must you renew your license?
-
correct answer ✅Every 2 years
How many CE hours are required before a 2 year renewal for a
Salesperson? -
correct answer ✅36
How many CE hours are required before a 2 year renewal for a
Broker or Broker-Salesperson -
correct answer ✅36 plus 6 hours broker management
Prep Exam Questions & Answers
(Grade A+)
Money must be "seasoned" for what amount of time? -
correct answer ✅90 calendar days
What are the Nevada Salesperson licensing requirements? -
correct answer ✅Pass exam, 120 hours made of 45 law, 45
principles and 30 contracts and agency.
What education requirements would a Nevada Salesperson require
to become a Broker-Salesperson? -
correct answer ✅Pass Broker exam, 64 college units and 2 years of
full time experience (equal to 16 college units)
"Full time experience" to become a Nevada Broker-Salesperson can
be from where? -
correct answer ✅Any state, any level of licensure
How is "Full time experience" measured for Nevada? -
correct answer ✅30 hours per week, 48 weeks per year, 12
months per year, to be notarized by a Broker.
,Nevada State Law Pearson Vue Test
Prep Exam Questions & Answers
(Grade A+)
What are the requirements for a person wishing to be a Broker
only? -
correct answer ✅2 years full time experience within the previous 4
years, enough money to run a brokerage for 180 calendar days
How many Broker's licenses can one person have? -
correct answer ✅2. One personal, one corporate
What are the requirements for a Property Management Permit? -
correct answer ✅A real estate license and 24 hours of instruction
in property management done IN CLASSROOM, PM exam
completed and a designated Broker-salesperson with 2/4 previous
years FT PM experience.
When does a property management license renew? -
correct answer ✅When Nevada Real Estate License renews
What are the requirements for a Business Brokerage Permit? -
correct answer ✅A real estate license and 24 hours of instruction
in business brokerage done IN CLASSROOM or ONLINE, BB exam
completed and a designated Broker-salesperson with 2/4 previous
years FT BB experience.
, Nevada State Law Pearson Vue Test
Prep Exam Questions & Answers
(Grade A+)
Do permits attach to your NV real estate license -
correct answer ✅Yes
What are the renewal requirements to renew a first year license? -
correct answer ✅30 hours live classroom POST LICENSING course
After your initial renewal, how often must you renew your license?
-
correct answer ✅Every 2 years
How many CE hours are required before a 2 year renewal for a
Salesperson? -
correct answer ✅36
How many CE hours are required before a 2 year renewal for a
Broker or Broker-Salesperson -
correct answer ✅36 plus 6 hours broker management
