We can answer your questions.

Real Estate is a broad topic and can seem daunting when looking to start your career. That’s why we’ve rounded up some common questions and answer them for you here.

Real Estate FAQs

  1. The primary law governing the practice of real estate  is NRS/NAC 645. Click here to review NRS 645 – Click here to review NAC 645

  2. The state of Nevada requires a person to complete 120 hours of education before he or she can become licensed in real estate. By no means does this requirement state that the student must a specific amount of LIVE hours of class time. This requirement means that a student must understand the principles and practices (including Nevada law) of real estate before they can become licensed.

  3. The state’s testing company administers one final exam comprised of 120 multiple choice questions. This test contains 80 questions pertaining to National real estate principles and 40 questions pertaining to the state of Nevada’s real estate laws. The prospective licensee must score a 75% or better on both of these portions

  4. Key Realty School has a number of different ways in which the student can meet the state of Nevada’s requirements, whether it be by classroom, home study, or the combination of both the classroom and the home study. (See the pre licensing page for descriptions) Whatever method of education is chosen by the student, it is imperative that the student understands all of the subject material before taking the examination.

  5. No, the licensee has to be legally capable of working in the United States.

  6. Yes, depending on how many hours of pre licensing education the prospective licensee took in another state. (See the out of state licensee page) Though the student can waive portions of the education, licensing exam at the state approved testing center.

  7. Yes, It is strongly recommended that students choose a broker that best suits their independent needs after attending the pre licensing education program.

  8. The exam is $100 (for both portions) payable to the  Nevada approved  testing company. The license is a total of $125 payable to the state of Nevada Real Estate Division. (Broker or Broker Salesperson is $145) – See the state website for any proposed or passed fee scheduled: red.state.us.

  9. NO. Many licensees elect to join memberships or brokerage marketing plans which can better the licensees success ratio. These memberships and marketing plans may have fees, but no additional fees are required by law to begin your practice as a real estate licensee. All additional fees are paid for at the sole discretion of the licensee.

  10. NO, but many licensees elect to join the local Association of Realtors to obtain access to the MLS and other systems which may make the licensee more marketable.

    Click here to review the process associated with joining the Las Vegas Association    –  Click here to review the process associated with joining the RSAR.

  11. Many successful licensees in other states have sought refuge in the savvy Nevada real estate marketplace. A senior member of the NAR was quoted when speaking about the Nevada real estate market with the following statement: “If a real estate licensee cannot succeed in Nevada, they wouldn’t be successful in real estate anywhere in the United States. From licensees prospective, it’s the easiest real estate market in the country.”

  12. Key Realty School’s pre licensing course has many benefits. The instructors chosen to teach the pre licensing courses are among the best in the country. (Evaluations taken from students with out of state licenses) The materials used to help students better retain the information are all designed by Key Realty School. The books and materials are always the most current laws and practice of real estate because Key Realty School publishes all of its own teaching material. All workbooks and study aids are specifically designed for Nevada testing and licensing. Key Realty School is proud to say that over 70,000 students have received real estate and business education through its superior instruction.

  13. There are approximately 25,000 active licensees as reported by the Nevada Real Estate Division (This figure was taken from the NRED database and can always be reviewed by exploring the licensee statistics paged located on the last page of the most current Nevada Real Estate Division seasonal publication) Per population, Nevada has less licensees per capita than most neighboring states including California and Arizona.

  14. Most positions in real estate are paid via commission only. The average income reported by Salary.com for the first year of practice in the state of Nevada is approximately $76,000.