When looking to pursue a real estate career in Nevada, you must have a Nevada real estate license that you obtain after meeting specific requirements. For example, you must have 18 years or more and meet specific pre-licensing education requirements.
This guide will walk you through the whole process of getting a real estate license to help you live your dream career. Here’s the step-by-step procedure.
Step 1: Understand the Different Types of Real Estate Licenses
Knowing the different types of real estate licenses helps you define the area you want to specialize in. After all, each type of license is associated with specific functions in the real estate industry.
Here are the three types of real estate licenses in Nevada:
• Agent/Salesperson license
• Broker-salesperson license
• Broker license
With this license, you can represent buyers and sellers in real estate transactions but work under the authority of a real estate broker in Nevada. You’ll need 120 hours of pre-licensing real estate education.
This license qualifies you as a broker in the real estate industry, but you’ve chosen to work under another broker.
Having this license means you can work independently and hire licensed agents, making it ideal if you want to start a real estate agency. You’ll need to work as an agent/salesperson or a broker-salesperson for two years to obtain this license. You must also meet the 45-hour broker management course and have 64 college credits or equivalent.
Step 2: Choose a Nevada Real Estate School Approved by the NRED
Nevada Real Estate Division (NRED) approves schools that offer real estate education to those aspiring to enter the industry. The schools provide 120 hours of NRED-approved courses so that you can have certificates of completion for the following curriculum when applying for a license:
- 45 hours (three college credits) of Principles in Real Estate
- 45 hours or three college credits covering Law in Real Estate with at least 18 hours focused explicitly on Nevada laws
- 30 hours of contracts and agency
- Other pre-licensing courses related to real estate
While there are dozens of schools you can join to complete your real estate education in Nevada, consider the following factors to make the right choice.
Does the School Offer Solid Support to Students?
You don’t want to join a school that leaves you in the dark when you have issues. Instead, you need a real estate institution with robust student support, like Century 21 Americana, to ensure your education questions, logistical requests, and technical issues are addressed accordingly.
What Types of Class Formats Does the Real Estate School Offer?
Whether physical or virtual, the course format makes a huge difference when looking for a real estate license in Nevada. You need a school whose course design suits your probably busy schedule. On the other hand, physical courses suit you best if your daily schedule isn’t tight.
In short, the right school for you should give you learning options for the least disruption of your daily activities. Completing your education in an approved school is one of the basic Nevada real estate license requirements. Once this step is done, the next one is equally important.
Step 3: Submit a Background Check to the Nevada Department of Public Safety (NDPS)
You must have your fingerprints taken so that NRED may run a background check. The reason is that the state laws demand real estate agents to undergo a thorough investigation. That way, the law ensures no agent is part of a crime that disqualifies them from becoming professionals in the industry.
That said, dozens of verified fingerprinting vendors perform background checks and fingerprinting statewide. Make an appointment with an approved vendor after finishing your pre-licensing education.
Step 4: Take the Nevada Real Estate License Exam
Once class time is over and you’ve passed the background check, you’ll need to do a real estate license exam consisting of 120 multiple-choice questions. Eighty of these questions are tied to national real estate principles, and the remaining forty concern real estate laws specific to Nevada.
The pass mark for this exam is 75%, meaning that your score determines whether or not you’ll get your license. For this reason, prepare well before registering for this exam —your real estate school may guide you throughout the process.
All in all, here are some tips to help you pass the real estate license exam:
- Do a lot of practice exams to toughen up before facing the actual paper
- First, handle the questions you’re familiar with during the exam and do the difficult ones later. That way, you’ll answer more questions you’re sure of before the exam time ends.
- Focus on the answers you’re giving instead of your general performance
Step 5: Apply for Your Real Estate License in Nevada
After passing the licensing exams, it’s time to apply for the license to become a legal real estate agent in the industry. Ensure you compile all your essential documents when submitting your application. The cost runs between $125 and $140 depending on the level of license you are applying for., and you wouldn’t want to miss a requirement, which results in an extra fee when reapplying. To avoid such a scenario, compare your documents with the Nevada real estate license checklist when submitting your application.
After submission, sit tight and wait for your license, which may take up to 8 weeks.
Kickstart Your Career in Century 21 Americana Real Estate School
Our school offers the course you need to get your Nevada real estate license in the format that works best for you. Read our pre-licensing course description to learn more, and contact us today for any inquiries.
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