We can answer your questions.

When you’re just starting out, it helps to know the facts. Especially in such a nuanced industry like real estate. Explore our most asked questions, and get the answers you need.

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. In Nevada, you must complete 120 hours of education before getting your real estate license. By no means does this requirement state that a student must have a specific amount of live class-time hours. 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 relative to national real estate principles and 40 questions relative to the state’s real estate laws. A prospective licensee must score a 75% or better on both of these portions.

  4. Key Realty School offers several learning modalities to help students meet Nevada’s requirements: in-person classrooms, instructor-led livestream courses, or online/home study. (Visit the “Get Your License” page for descriptions.) Whatever method you choose, it is imperative you understand the subject material prior to taking the real estate exam.

  5. No, students do not have to be a citizen of Nevada, nor do they have 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 for more details.) Though the student can waive portions of the education, they must still complete the licensing exam at the state-approved testing center.

  7. Yes, it’s strongly recommended that students choose a broker who best suits their independent needs after completing their pre-licensing education.

  8. The exam is $100 (for both portions), payable to the  Nevada-approved testing company. The license is $125, payable to the Nevada Real Estate Division. (Broker or Broker Salesperson is $145).

  9. No. Many licensees elect to join memberships or brokerage marketing plans which can better a licensee’s success ratio. These memberships and marketing plans may have fees, but no additional fees are required by law to begin your practice as a licensed real estate professional. 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 gain access to systems like the Multiple Listing Service (MLS), 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 National Association of REALTORS said the following about Nevada’s market: “If a real estate licensee cannot succeed in Nevada, they wouldn’t be successful in real estate anywhere in the United States. From a licensee’s prospective, it’s the easiest real estate market in the country.”

  12. Key Realty School’s pre-licensing course offers licensees exactly what they need to succeed in the Nevada real estate market. Our instructors come with local, real-world experience and insights, and our curriculum is proven to help students better retain information. All books and materials are current and up-to-date regarding the latest real estate laws and practice. All workbooks and study aids are specifically designed for Nevada testing and licensing. To date, Key Realty School has educated more than 70,000 students in real estate and business.

  13. There are approximately 25,000 active Nevada 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 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 about $76,000.