If you’re looking to manage properties in Nevada, obtaining a property management permit is essential. While not all real estate licensees require one, anyone performing property management activities under the Nevada Real Estate Division (NRED) regulations must meet specific education, exam, and application requirements.
The good news? You can complete the required education and pass the exam before submitting your permit application, as long as you already hold a Nevada real estate license when you apply.
Key Takeaways
- Nevada Real Estate License Required: You must have an active Nevada real estate license before applying for the property management permit. Applications cannot be submitted alongside your real estate license application.
- 24 Hours of Education: NRED requires 24 hours of pre-licensing education for property managers.
- Exam Pass Valid for 12 Months: Your exam passing result must be dated within one year of your permit application submission.
- Application Requirements: Submit Form 545, along with proof of education, your exam certificate, and a $40 fee.
- Permit Renewal: Property management permits expire simultaneously with your real estate license and can be renewed together.
Step 1: Complete the Required Education
To qualify for the property management permit, NRED mandates 24 hours of pre-licensing property management education. Key Realty School offers courses designed to help you meet this requirement efficiently.
Step 2: Pass the Exam
After completing your coursework, you’ll need to pass the state-required property manager exam. According to the Nevada Real Estate Candidate Handbook, a score of 75% or higher is required to pass.
Schedule your exam through Pearson VUE’s Nevada Real Estate Division program. Be mindful of the timing. Your passing exam result is only valid for 12 months, so plan your permit application accordingly.
Step 3: Submit Your Application
Once you’ve completed the education and passed the exam, you’re ready to apply for your permit. Here’s what you’ll need:
- Form 545 (Property Manager Permit Application)
- Proof of completing the 24-hour education
- Original exam certificate dated within one year of submission
- $40 application fee
Remember, your Nevada real estate license must already be active when you submit your application.
Renewal: Stay Compliant
Nevada law requires property management permits to be renewed at the same time as your real estate license. While continuing education is necessary for renewal, check the official NRED guidelines for the exact hourly requirements. Key Realty School offers renewal courses to help you stay compliant without disrupting your business.
Why Choose Key Realty School?
Key Realty School has been a trusted resource for Nevada real estate professionals for over 30 years, helping more than 60,000 students succeed.
- Expert Instructors: Learn from licensed Nevada professionals with real-world experience.
- Flexible Courses: Choose from formats that fit your schedule, including efficient pre-licensing and convenient renewal options.
- Proven Success: Benefit from Nevada’s highest pass rates and tailored exam prep.
- Ongoing Support: From education to application guidance, we’re here to help you every step of the way.
If you have questions about earning or renewing your property management permit, contact Key Realty School today. We’ll help you navigate the process and set you up for success in your property management career.
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