Nevada Real Estate License Overview
Nevada is one of the most exciting real estate markets in the United States, featuring the world-famous Las Vegas Strip, rapidly growing suburbs, and the emerging Reno-Tahoe region. The Nevada Real Estate Division (NRED) regulates all real estate licensing in the state.
With no state income tax, Nevada continues to attract residents and investors from high-tax states like California, creating strong demand for licensed real estate professionals. Whether you want to work in luxury properties on the Strip, vacation homes at Lake Tahoe, or residential communities in Henderson, a Nevada real estate license opens significant opportunities.
Nevada Real Estate Exam Quick Facts
| Feature | Details |
|---|---|
| Exam Administrator | Pearson VUE for NRED |
| Total Questions | 120 scored (80 national + 40 state) |
| Pretest Questions | 5-10 unscored questions per section |
| Time Limit | 240 minutes (150 national + 90 state) |
| Passing Score | 75% on each portion |
| Exam Fee | $100 (paid to Pearson VUE) |
| Results | Immediate score report |
| Testing Options | In-person or online proctored (OnVUE) |
Requirements Before Taking the Exam
Education Requirements
| Requirement | Details |
|---|---|
| Age | 18 years or older |
| Pre-License Education | 120 hours total (see breakdown below) |
| High School Diploma | Required (or equivalent) |
| Background Check | Required before licensure |
| Course Validity | 2 years from completion |
Pre-License Course Requirements (120 Hours)
Nevada requires one of the most comprehensive pre-license education programs in the nation:
| Course | Hours | Requirements |
|---|---|---|
| Real Estate Principles | 45 hours | Or 3 college credits |
| Real Estate Law | 45 hours | Must include 18 hours Nevada law |
| Contracts | 15 hours | Or 1 college credit |
| Agency | 15 hours | Must include 3 hours broker/agent foundation + 3 hours risk reduction |
| Total | 120 hours | All courses must be NRED-approved |
Application Process (Updated July 2025)
Beginning July 29, 2025, the registration process changed:
- Complete 120 hours of NRED-approved pre-license education
- Register with Nevada Real Estate Division through their website
- Pay application fee ($140) to NRED
- NRED will authorize you to schedule with Pearson VUE
- Schedule exam through Pearson VUE
- Pass both exam portions within 12 months
Important: You can no longer register directly through Pearson VUE without first registering with NRED.
Nevada Exam Format
The Nevada real estate exam consists of two portions that must both be passed with a score of 75% or higher.
Content Breakdown
| Section | Scored Questions | Pretest | Time | Passing Score |
|---|---|---|---|---|
| National/General Portion | 80 | 5 | 150 minutes | 75% (60/80) |
| State Portion | 40 | 5-10 | 90 minutes | 75% (30/40) |
| Total | 120 | 10-15 | 240 minutes | 75% each section |
National Portion Topics
| Topic | Approximate Questions | Key Areas |
|---|---|---|
| Real Property Characteristics | 8-10 | Legal descriptions, property types, land characteristics |
| Forms of Ownership & Title | 8-10 | Ownership types, title transfer, recording |
| Property Value & Appraisal | 10-12 | Valuation approaches, CMA, market analysis |
| Real Estate Contracts & Agency | 14-16 | Contract elements, agency relationships, fiduciary duties |
| Real Estate Practice | 12-14 | Brokerage operations, listing procedures |
| Property Disclosures | 8-10 | Environmental issues, required disclosures |
| Financing & Settlement | 8-10 | Mortgages, closing procedures, RESPA/TILA |
| Real Estate Math | 6-8 | Commission, prorations, area calculations |
Nevada State Portion Topics
| Topic | Questions | Key Areas |
|---|---|---|
| Licensing & Registration | 8-10 | License types, permits, requirements, notifications |
| Definitions & Terminology | 10-12 | Nevada-specific terms, NRS definitions |
| Required Disclosures | 6-8 | Public offering statements, CC&Rs, budgets |
| Agency Relationships | 5-6 | Nevada agency law, duties, disclosures |
| Fair Housing Laws | 2-3 | Federal and Nevada fair housing |
| Special Topics | 4-6 | Timeshares, water rights, subdivisions, smart homes |
Nevada-Specific Topics
Nevada Agency Relationships
Nevada law requires specific agency disclosures and defines licensee duties:
| Agency Type | Description | Key Duties |
|---|---|---|
| Seller's Agent | Represents seller exclusively | Full fiduciary duties to seller |
| Buyer's Agent | Represents buyer exclusively | Full fiduciary duties to buyer |
| Dual Agent | Represents both parties | Requires written consent from both |
| Transaction Broker | Facilitates transaction | Limited duties, no advocacy |
Nevada Disclosure Requirements
Key disclosures required in Nevada real estate transactions:
| Disclosure | When Required | Details |
|---|---|---|
| Seller's Real Property Disclosure | All residential sales | Known defects, material facts |
| Agency Disclosure | Before showing property | Written disclosure of representation |
| Lead-Based Paint | Pre-1978 homes | Federal requirement |
| Common Interest Community | HOA properties | CC&Rs, budget, reserves, rules |
| Water Rights | Properties with water rights | Type, priority, limitations |
Nevada Timeshare Regulations
Nevada has specific rules for timeshare properties (heavily tested):
- Public Offering Statement required for all timeshare sales
- 5-day right of rescission (cancellation period)
- Advertising restrictions and registration requirements
- Developer must maintain escrow for deposits
- Special disclosure requirements for resales
Water Rights in Nevada
Nevada follows the prior appropriation doctrine ("first in time, first in right"):
| Concept | Explanation |
|---|---|
| Prior Appropriation | First to use water has senior rights |
| Beneficial Use | Water must be used beneficially to maintain rights |
| Appurtenant Rights | Water rights attached to land |
| Permit System | State engineer controls water allocation |
Common Interest Communities (HOAs)
Nevada has extensive regulations for common interest communities:
- Resale packages must include CC&Rs, bylaws, financial statements
- Buyer has 5 days to review HOA documents
- Seller must provide reserve study information
- Transfer fees and move-in fees must be disclosed
- Association meeting minutes must be available
Nevada Exam Pass Rate
The Nevada real estate exam has a pass rate of approximately 60-65% on the first attempt.
| Factor | Impact |
|---|---|
| Extensive education | 120-hour requirement prepares candidates well |
| Two separate sections | Must pass both national and state portions |
| Unique topics | Water rights, timeshares, mining claims |
| Higher passing score | 75% required on each section |
Study Strategy
Recommended Study Time
| Approach | Hours | Timeline |
|---|---|---|
| Intensive | 40-60 | 2-3 weeks |
| Standard | 60-80 | 3-4 weeks |
| Part-time | 80-100 | 5-6 weeks |
After completing the 120-hour pre-license course.
Study Priority by Weight
-
National Portion (80 questions)
- Contracts and agency relationships (highest weight)
- Property valuation and appraisal
- Financing and settlement
- Real estate math calculations
-
State Portion (40 questions)
- Nevada licensing requirements and permits
- Disclosure requirements (especially CICs)
- Timeshare regulations
- Water rights basics
- Agency relationships under Nevada law
Key Math Formulas
Commission Calculations:
Prorations (Nevada typically uses 365-day year):
Property Tax:
Capitalization Rate:
Loan-to-Value:
Common Mistakes to Avoid
1. Ignoring Nevada-Specific Content
Nevada has unique topics not found in other states:
- Water rights and prior appropriation doctrine
- Timeshare regulations and rescission periods
- Common interest community requirements
- Mining claims and mineral rights
2. Underestimating Disclosure Requirements
Nevada requires extensive disclosures:
- Seller's Real Property Disclosure Form
- Agency disclosures before showing properties
- CIC/HOA resale package requirements
- Timeshare public offering statements
3. Poor Time Management
- 120 questions in 240 minutes = 2 minutes per question
- Don't spend excessive time on difficult questions
- Use the flag feature to mark and return to challenging questions
- Review all answers if time permits
4. Confusing License Types and Permits
Nevada has multiple license types and permits:
- Salesperson License - Basic license to practice
- Broker License - Can supervise others, own brokerage
- Business Broker Permit - Required for business sales
- Property Manager Permit - Required for property management
Exam Day Tips
Before the Exam
- Confirm your exam appointment through Pearson VUE
- Get adequate rest the night before
- Eat a balanced meal before testing
- Arrive 30 minutes early (in-person) or test your setup (online)
- Bring two forms of ID (one government-issued with photo)
Online Testing Option (OnVUE)
Nevada allows candidates to take the exam from home:
| Requirement | Details |
|---|---|
| Computer | Windows or Mac with webcam and microphone |
| Internet | Stable broadband connection |
| Environment | Private, well-lit room, clear desk |
| Identification | Same ID requirements as in-person |
| One-time attempt | Online option limited to one attempt |
During the Exam
- Read each question completely before answering
- Watch for qualifier words: "EXCEPT," "NOT," "ALWAYS," "NEVER"
- Show all math work on provided scratch paper or whiteboard
- Trust your first instinct unless you find a clear error
- Use the full time available to review answers
After Passing the Exam
Immediate Steps
- Receive score report immediately after exam
- Apply for license through NRED within 12 months
- Complete background check if not already done
- Find employing broker - required to activate license
- Pay license fee - $140 for original license application
First-Time Renewal Requirements
Your first renewal is 1 year after initial licensure:
| Requirement | Details |
|---|---|
| Post-License Education | 30 hours (Modules A-O) |
| Submission | Proof of completion to NRED |
| Timing | Must complete before first renewal |
Subsequent Renewal Requirements (Every 2 Years)
| Category | Hours | Delivery Requirement |
|---|---|---|
| Agency | 3 | Live instruction |
| Contracts | 6 | Live instruction |
| Ethics | 3 | Any format |
| Law & Legislation | 3 | Any format |
| Risk Reduction | 3 | Any format |
| General Electives | 18 | Any format |
| Total | 36 hours | 18 hours must be live |
Note: "Live instruction" includes both in-person and approved livestream/Zoom formats.
Permit Holder Additional CE
| Permit | Additional Hours |
|---|---|
| Business Broker | 3 hours |
| Property Management | 9 hours |
Nevada Real Estate Career Outlook
Salary Expectations
| Experience | Annual Income |
|---|---|
| First year | $35,000-$55,000 |
| 2-5 years | $55,000-$90,000 |
| 5+ years | $90,000-$150,000+ |
| Top producers | $250,000+ |
Hot Nevada Markets (2026)
- Las Vegas Valley - Largest market, luxury, investment, relocation
- Henderson - Fastest-growing large city, master-planned communities
- Summerlin - Upscale suburb, golf communities
- North Las Vegas - Affordable growth, new construction
- Reno-Sparks - Tech industry growth, California migration
- Lake Tahoe - Vacation homes, luxury market
- Pahrump - Affordable alternative, growing rapidly
Specialization Opportunities
Nevada offers unique specialization opportunities:
| Specialty | Market |
|---|---|
| Luxury Properties | High-rise condos, golf estates, celebrity homes |
| Investment Properties | Strip-adjacent, Airbnb/VRBO rentals |
| New Construction | Master-planned communities, production homes |
| Commercial | Casinos, retail, industrial logistics |
| Property Management | HOA management, vacation rentals |
| Land/Development | Desert parcels, solar projects |
Resources
- Nevada Real Estate Division (NRED) - Official licensing information
- Pearson VUE Nevada - Exam scheduling and candidate handbook
- Nevada Realtors Association - Industry resources
- Greater Las Vegas Association of Realtors - Local market data
- OpenExamPrep - Free study materials and practice questions
