6 Steps to Get Your Nevada Real Estate License

New agent meeting with clients for the first timeStep-By-Step Guide to Become a Licensed Real Estate Agent

Are you interested in becoming a real estate agent in the great state of Nevada? Of course you are, real estate is booming here! Well, hold on tight  cause we’re gonna fire off the six steps you need to get your hands on a Nevada real estate license.

You ready? Let’s break it down, step by step.

Step 1: Meet the NRED Criteria

Hello criteria, pleasure to meet you!

Let’s answer the most obvious question straight out of the gate. “What the heck is NRED and why do I need to impress them?!” Well, NRED is short for the Nevada Real Estate Division and it’s their job to make sure all agents in Nevada are capable, qualified, and can lawfully work in the state. To do so, they have some basic criteria you must meet. Luckily, most of the requirements are pretty straightforward.

Let’s meet the criteria:

  1. You must be at least 18 years old.
  2. You must be a U.S. citizen or a lawfully admitted alien.

These two are pretty cut and dry. The good news is that most of our visitors/users don’t need to worry about it. The only time you’d need to be concerned is if you have any criminal offenses, unpaid judgments, disciplinary actions taken against a professional or occupational license, or have performed unlicensed real estate activity.

Step 2: Take a Pre-Licensing Education Class

man studying for licensing examSchool’s Back in Session

You’re required to take a “pre-licensing” education class where you’ll study the principles of real estate, contracts, and finance. Not a fan of school? Well, these classes just might change how you feel about school. You have so many options! Some of them are even entirely online which has huge advantages! Online classes means you can do them at your own pace and work them in around your own schedule even if you have a full-time job. Also, the classes are only a total of 120 hours! That may seem like a big number, but to get started in a new career, that number is just a speck in time.

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But what’s included in those 120 hours? Take a look at the curriculum and see for yourself:

  • Part 1: 90 hours of Pre-Licensing education required in Nevada
  • Part 2: 30-hour Salesperson Contract Preparation and Agency Course.

“That sounds scary and hard!” 

Don’t be scared off just yet. This is what the classes are designed for. They’ll tackle any confusing topics by breaking them down. Still scared? Trust me, you can do this. The pass rates after taking these classes are sky-high, typically over a 91% pass rate and the support these classes offer is amazing. 

Students are always surprised how affordable these classes are. Take a look at the best real estate schools in Nevada and see for yourself. If you’re still looking for a way to save some dough, AgentAdvice offers a way to get yours for free.

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Step 3: Apply for your Nevada Sales Agent License

small group of students studyingApply Yourself!

You flew through the pre-licensing class and you’re building momentum! Well, now it’s time to apply for your license. Yes, there’s a few annoying forms and pesky fees but the process is relatively painless because it’s all online through NRED. Within a few days you’ll get a letter of eligibility back. This letter doesn’t mean you’re finished, but it does allow you to complete Step 4 and Step 5 ( submitting your fingerprints and taking the final exam).

Step 4: Submit your fingerprints

studying for licensing examOnce you get your eligibility letter you can submit your fingerprints. My fingerprints?  Yes, they need your fingerprints so that NRED can perform a background check. Remember it’s their job to make sure all agents in Nevada are on the up-and-up. The eligibility letter will give you detailed information on exactly how to submit but we’ll give you a little sneak peek so it’s not a surprise. 

You can submit your fingerprint card and a cashier’s check or money order made payable to the “Department of Public Safety” OR a verification form issued by an approved Fingerprint Vendor

Step 5: Pass the Nevada real estate licensing exam

Happy woman studying and smiling

After you complete the prelicensing course, you need to submit proof of course completion by education certificate or certified college transcript.  

You need to submit these documents along with your Examination Application. Once your application has been approved, you can schedule the exam. 

You got this!

The step you’ve all been waiting for … passing the exam. Don’t freak out, you got this! Don’t know what you need to study? Your exam eligibility letter will have a Candidate Handbook which has study material that will help you prep for the exam. There’s also plenty of cram courses that will help you brush up right before the exam. Rest assured that you don’t have to pass this on the first try. Remember that you have a full year from when you get your exam eligibility to pass this exam. We think you’ll pass it on your first go because we know you, you’re motivated.

After you pass the exam, you need to submit original passing exam results dated within the last 12 months.

Step 6: Find a Sponsoring Broker

women studying for licensing examNow a word from our sponsor

Finally, you’ll need to find a sponsoring broker. 🙋 Uhhh … should I know what a  ‘sponsoring broker’ is? Nope, we’ll tell you! So you’ve passed the exam but it doesn’t mean you’re ready just yet. When you first start out you’ll want an experienced organization to show you the ropes. Sponsoring brokers have been-there-done-that and they’re ready to show you how. Not only will they give you all the tools you need to start making sales but they’ll help you market yourself as an agent. 

You’ll get to choose a brokerage you like, that focuses on a niche you love, that has a company culture you love, and most importantly … has a good commission rate, so your paycheck is XL. Worried about finding a brokerage yourself? AgentAdvice helps with warm introductions to hiring brokerages if you sign-up for a class through us. Phew!

You have total freedom to choose your sponsoring broker. Here’s some things agents look at when choosing a brokerage:

  • Commission Rate
    • Look at each brokerage’s commission rate when you’re shopping around. If they’ve got a good rate, your commission checks will be larger than life. 💸
  • Niche
    • Maybe you want a brokerage that focuses on a niche on a location or a specific category of real estate like commercial retail, single family homes, or fixer-uppers. So if you have a specific interest you can find a broker who shares that interest.
  • Culture
    • Maybe the company’s culture is important to you. If so, get to know what they’re all about, how they work, and what’s important to them.

That’s all just to say that you have the freedom to choose a brokerage that fits you.

 

Mission Complete

sold signThose are the steps you need to get your Nevada real estate license. Yes, you might have to trudge through paperwork, check boxes, file forms, burn the midnight oil, chug coffee … but after all that … you’ll have your license. We recommend printing it out on super-gloss and framing it. Leave some room next to it for your first commission check; A LOT of room!  

That’s all folks! Once you make it through these steps you’ll have a brand new career ahead of you. If there’s anything we can do to help you make it through these steps please let us know. We’ve got pre-licensing classes, cram courses, and all sorts of resources to help.

How much does it cost to get a Nevada real estate license?


money and calculator imageThe largest portion of the costs of becoming a real estate agent in Nevada is the prelicensing education course. Most commonly, the cost of the complete 90-hour licensing education course is in the $250 to $600 range, but it can be slightly higher or lower depending on what the exact course covers. 

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Besides the course, the following basic fees apply: 

  • The examination fee is $100, regardless if you’re taking one or both portions of the exam
  • The license application fee is $125
  • A license renewal fee is $180
  • Fingerprint scans cost $40.25

There are other costs involved, such as prep courses, study materials, tutoring, and related fees, but these are not mandatory and depend on your preferences. 

How long does it take to get a real estate license in Nevada?


Family,Couple,Consultations,With,A,Lawyer,Or,Insurance,Agent.,LawAs mentioned above, becoming a real estate agent in Nevada takes longer than some other states due to the 120-hour licensing course (many states have 40-60 hour requirements). You can finish the prelicensing education course within two months if you’re committed to going through it as fast as possible. 

Passing a background check usually takes around two weeks, around the same time required to process your application.

When you schedule the exam, you will be given a list of available dates based on availability. Each testing center has a different seating capacity, so the time it takes for you to schedule depends on how many students are currently enrolled to take the exam and how big the center is. 

In general, the whole process takes a few months from start to finish. The exact time depends on your characteristics, residency, and how fast you go through the prelicensing course and pass both portions of the exam. 

 

How much do real estate agents make in Nevada?


Nevada real estate agents earn a higher annual wage than the national average, $64,280 to be specific, while the top 10% of agents in the state can earn $98,800 or more. Agents from the Nevada nonmetropolitan area earn the most – $80,820 annually, with the 90th percentile wage getting to $122,570 per year. 

Nevada Real Estate License FAQs

classroom setting with studentsIf you want to become a licensed real estate agent in Nevada, you must meet the following requirements: 

  • Must be 18 years or older to apply with a completed application (Form 549)
  • Submit the original fingerprint verification form issued by an approved fingerprint vendor (obtain Form 619 for Nevada approved vendors). 
  • Complete a Nevada prelicensing course provided by an accredited real estate school. The 120-hour education course has to consist of:
    • 90 hours of Salesperson Pre-Licensing
    • 30 hours of Salesperson Contract Preparation and Agency Pre-licensing Course

After you complete the prelicensing course, you need to submit proof of course completion by education certificate or certified college transcript.  

You need to submit these documents along with your Examination Application. Once your application has been approved, you can schedule the exam. 

After you pass the exam, you need to submit original passing exam results dated within the last 12 months.

Brokers react as Compass gobbles up GlideObtaining a real estate license in Nevada takes longer than some states, but it’s far from complicated or difficult. The prelicensing education course will equip you with all the knowledge required to pass the exam on the first try. You only need to pay attention to the topics covered in the courses and commit yourself to studying hard and regularly. 

The other requirements are mostly the same as in other states. You need to pass a background check to prove you’re trustworthy and apply to take the exam and pass it within one year.

Nevada real estate division logoIn Nevada, the Real Estate Division has five board members, all of which are hand-picked by the governor.

Once appointed, the division has the task of issuing real estate licenses, and setting rules on how agents can maintain their license. The Real Estate Division also makes disciplinary decisions and has the right to revoke a license at any time.

Fun fact: Commissioners are appointed for a three year term but may not serve more than two consecutive terms.

Nevada has real estate reciprocity agreements with the following states:

  • Arizona
  • Colorado
  • Delaware
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kentucky
  • Louisiana
  • Minnesota
  • Oklahoma
  • South Carolina
  • Texas
  • Utah
  • Washington
  • West Virginia

Applicants that hold an active Real Estate license in any of these states, must provide the following: 

  • A certified license history issued by the state in which you are licensed. The history must be dated within 90 days of your application submission date.
  • Nevada fingerprint scan
  • Proof of passing the Nevada state examination
  • License Application (Form 549)

US map

A college degree is not necessary to become a licensed real estate agent in Nevada, but having a college degree with a real estate major will be of great help. Having three college credits of real estate principles and three college credits of real estate law will exempt you from the educational requirements.

signing contractYou must go to the Pearson Vue website to make an online reservation for an examination according to the step-by-step instructions. You have to make the reservation 24 hours before the desired examination date. 

If you want to make a phone reservation, you must do so at least 24 hours before the desired examination date

Before making a reservation, you should have the following:

  • Legal name, address, Social Security number, daytime telephone number, and date of birth
  • The name of the examination
  • The preferred examination date and test center location 

counting on a chalkboardThe salesperson and broker examination are divided into two parts: general (national) and state part. Those who pass one part of the examination and fail the other, need to retake only the failed part within 12 months. Candidates who, after 12 months, have not passed both parts must retake the entire examination.

Reservations for retaking the exam may not be made at the test center, and you must wait 24 hours before making one.

The real estate licensing exam has 120 questions in total – 80 questions in general (national) portion and 40 in the state portion. To pass the exam, you have 4 hours

The general (national) portion of the licensing examination covers eight areas in 80 questions:

  • Real property characteristics, legal descriptions, and property use
  • Forms of ownership, transfer, and recording of the title 
  • Property value and appraisal
  • Real estate contracts and agency
  • Real estate practice
  • Property disclosures and environmental issues
  • Financing and settlement
  • Real estate math calculations

The state portion of the licensing examination covers the following areas in 40 questions:

  • Duties and powers of the commission
  • Licensing requirements
  • Agency
  • License practice
  • Disclosures
  • Contracts
  • Record keeping
  • Special topics

To pass the exam, applicants need to have at least 75% correct answers. There are no official pass rates issued by the Nevada Real Estate Division. Each real estate school advertises pass rates as high as 75 to 90%, but these aren’t official nor confirmed percentages. 

 

There are three different types of Nevada real estate licenses: salesperson, broker-salesperson, and a broker.

  • A salesperson license is an initial license that will allow you to do the most basic real estate tasks, such as representing sellers and buyers for home transactions. All agents must act under and be supervised by a licensed broker. 
  • Broker-salesperson is the second level of a real estate license in Nevada. Broker-salespeople are individuals who have worked in the real estate industry for eight or more years or 64 college credits. Like salespeople, they also work under a broker but have more responsibility assigned to them, such as managing a branch office after two years of experience.
  • Brokers can work independently and supervise agents and broker-salespeople. They are real estate professionals that have completed a 45-hour broker management course and have worked for two years as a licensed salesperson or broker-salesperson.

Like in any other state, the national and state portions cover different topics and areas of the real estate industry. The national portion is taken in every state and covers real estate knowledge you have to know to practice real estate anywhere in the US, while the state portion tests your knowledge in the specific laws, regulations, and practice of real estate in Nevada.

entryway of homeWhen you fill out your Application Form, you will be asked four questions to provide information about your criminal background: 

  • Have you had a professional or occupational license issued by any state, district, or territory of the United States or any foreign country suspended, revoked, or voluntarily surrendered instead of other disciplines within the last ten years?
  • Have you had a license, certificate, or registration suspended, revoked, or voluntarily surrendered instead of other disciplines within the last ten years?
  • Have you ever been convicted of, or entered a plea of guilty or nolo contendere to, a felony or any crime involving fraud, misrepresentation, or moral turpitude?
  • Have you ever been convicted of, or entered a plea of guilty or nolo contendere to, a felony relating to the practice of appraisal or real estate?

If you answer yes to any of these questions, you will be asked to give complete details, including the administrative agency, court, and title of the proceeding, disposition, and any other pertinent information.

The Nevada Real Estate Division may deny a license in the following cases: 

  • An applicant that has been convicted of or entered a plea of guilty, guilty but mentally ill or nolo contendere to, forgery, embezzlement, obtaining money under pretenses, theft, extortion, conspiracy to defraud, engaging in a real estate business without a license, possessing for sale any controlled substance or any crime involving moral turpitude, in any court of competent jurisdiction in the United States or elsewhere; and
  • Shall not issue a license to such a person until at least three years after:
    • The person pays any fine or restitution ordered by the court; or
    • The expiration of the period of the person’s parole, probation, or sentence, whichever is later.
  • The applicant has suspension or revocation of a license in this or any other state, district, or territory of the United States or any foreign country before the date of the application.

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About the Author

Chris Heller brings 27 years of experience in real estate. Chris serves on the AgentAdvice Editorial Board and is the Chief Real Estate Officer at OJO Labs. Chris brings deep expertise having held influential industry positions including CEO of mellohome and former CEO of Keller Williams Realty International.