{"id":20573,"date":"2022-06-14T12:11:47","date_gmt":"2022-06-14T16:11:47","guid":{"rendered":"https:\/\/keyrealtyschool.com\/?page_id=20573"},"modified":"2022-08-24T17:28:42","modified_gmt":"2022-08-24T21:28:42","slug":"faq","status":"publish","type":"page","link":"https:\/\/keyrealtyschool.com\/real-estate\/faq\/","title":{"rendered":"Real Estate FAQs"},"content":{"rendered":"\n<div class=\"wp-block-cover alignfull is-style-hero\" style=\"min-height:500px;aspect-ratio:unset;\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-100 has-background-dim wp-block-cover__gradient-background has-background-gradient has-green-300-to-transparent-gradient-background\"><\/span><img loading=\"lazy\" decoding=\"async\" width=\"1706\" height=\"2560\" class=\"wp-block-cover__image-background wp-image-23569\" alt=\"\" src=\"https:\/\/keyrealtyschool.com\/wp-content\/uploads\/2022\/07\/priscilla-du-preez-nNMBa7Y1Ymk-unsplash-scaled.jpg\" style=\"object-position:53% 50%\" data-object-fit=\"cover\" data-object-position=\"53% 50%\" srcset=\"https:\/\/keyrealtyschool.com\/wp-content\/uploads\/2022\/07\/priscilla-du-preez-nNMBa7Y1Ymk-unsplash-scaled.jpg 1706w, https:\/\/keyrealtyschool.com\/wp-content\/uploads\/2022\/07\/priscilla-du-preez-nNMBa7Y1Ymk-unsplash-200x300.jpg 200w, https:\/\/keyrealtyschool.com\/wp-content\/uploads\/2022\/07\/priscilla-du-preez-nNMBa7Y1Ymk-unsplash-683x1024.jpg 683w, https:\/\/keyrealtyschool.com\/wp-content\/uploads\/2022\/07\/priscilla-du-preez-nNMBa7Y1Ymk-unsplash-768x1152.jpg 768w, https:\/\/keyrealtyschool.com\/wp-content\/uploads\/2022\/07\/priscilla-du-preez-nNMBa7Y1Ymk-unsplash-1024x1536.jpg 1024w, https:\/\/keyrealtyschool.com\/wp-content\/uploads\/2022\/07\/priscilla-du-preez-nNMBa7Y1Ymk-unsplash-1365x2048.jpg 1365w, https:\/\/keyrealtyschool.com\/wp-content\/uploads\/2022\/07\/priscilla-du-preez-nNMBa7Y1Ymk-unsplash-600x900.jpg 600w\" sizes=\"(max-width: 1706px) 100vw, 1706px\" \/><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">        <div class=\"bb-section has-text-color has-white-color bb-pt-6 bb-pb-6 alignfull\" >\n            <div class=\"bb-container container\">\n                \n        <div class=\"bb-columns row\">\n            \n        <div class=\"bb-column col-md-6  col-12  col-sm-8\">\n            <div class=\"bb-column__inner \" >\n                \n\n<h1 class=\"wp-block-heading\">We can answer your questions.<\/h1>\n\n\n\n<p>When you&#8217;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. <\/p>\n\n            <\/div>\n        <\/div>\n    \n        <\/div>\n    \n            <\/div>\n        <\/div>\n    <\/div><\/div>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"has-green-500-color has-text-color wp-block-heading\">Real Estate FAQs<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n  <ol class='accordion list-unstyled' id='block_62a8b30e94359'>\n  <li class='accordion-item card' id='block_62a8b3109435a'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8b3109435a-body\" aria-expanded=\"false\" aria-controls=\"block_62a8b3109435a-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      What Nevada law governs the licensing process and practice of real estate?    <\/button>\n    <div id=\"block_62a8b3109435a-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>The primary law governing the practice of real estate is NRS\/NAC 645.&nbsp;<a href=\"http:\/\/www.leg.state.nv.us\/Division\/Legal\/LawLibrary\/NRS\/NRS-645.html\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to review NRS 645&nbsp;<\/a>\u2013&nbsp;<a href=\"http:\/\/www.leg.state.nv.us\/Division\/Legal\/LawLibrary\/NAC\/NAC-645.html\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to review NAC 645<\/a><\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8b3359435b'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8b3359435b-body\" aria-expanded=\"false\" aria-controls=\"block_62a8b3359435b-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      What amount of education does the state of Nevada require before an individual   can become licensed?    <\/button>\n    <div id=\"block_62a8b3359435b-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>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.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8b3bc9435c'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8b3bc9435c-body\" aria-expanded=\"false\" aria-controls=\"block_62a8b3bc9435c-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      How does Nevada measure a student&#8217;s knowledge of the principles and practices of real estate?    <\/button>\n    <div id=\"block_62a8b3bc9435c-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>The state&#8217;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&#8217;s real estate laws. A prospective licensee must score a 75% or better on both of these portions.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8b40c9435d'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8b40c9435d-body\" aria-expanded=\"false\" aria-controls=\"block_62a8b40c9435d-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      How can a student meet the education requirement deemed necessary by the state of Nevada?    <\/button>\n    <div id=\"block_62a8b40c9435d-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Key Realty School offers several learning modalities to help students meet Nevada\u2019s requirements: in-person classrooms, instructor-led livestream courses, or online\/home study. (Visit the &#8220;Get Your License&#8221; page for descriptions.) Whatever method you choose, it is imperative you understand the subject material prior to taking the real estate exam. <\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8d00bee3f6'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8d00bee3f6-body\" aria-expanded=\"false\" aria-controls=\"block_62a8d00bee3f6-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Does a real estate student have to be a resident of the state of Nevada or a citizen of the country to become licensed?    <\/button>\n    <div id=\"block_62a8d00bee3f6-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>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.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8d035ee3f7'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8d035ee3f7-body\" aria-expanded=\"false\" aria-controls=\"block_62a8d035ee3f7-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Can out-of-state licensees waive some of the Nevada real estate educational requirement?    <\/button>\n    <div id=\"block_62a8d035ee3f7-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>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&nbsp;<a href=\"https:\/\/keyrealtyschool.com\/current-students\/psi-testing-information\/\">state-approved testing center<\/a>.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8d04aee3f8'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8d04aee3f8-body\" aria-expanded=\"false\" aria-controls=\"block_62a8d04aee3f8-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Before getting licensed, should a prospective licensee find a broker to work under?    <\/button>\n    <div id=\"block_62a8d04aee3f8-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Yes, it&#8217;s strongly recommended that students choose a broker who best suits their independent needs after completing their pre-licensing education.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8d064ee3f9'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8d064ee3f9-body\" aria-expanded=\"false\" aria-controls=\"block_62a8d064ee3f9-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      How much do the exam and license cost?    <\/button>\n    <div id=\"block_62a8d064ee3f9-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>The exam is $100 (for both portions), payable to the &nbsp;Nevada-approved testing company. The license is $125, payable to the Nevada Real Estate Division. (Broker or Broker Salesperson is $145).<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8d07cee3fa'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8d07cee3fa-body\" aria-expanded=\"false\" aria-controls=\"block_62a8d07cee3fa-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Are there additional fees outside of my education, test, and licensing fee?    <\/button>\n    <div id=\"block_62a8d07cee3fa-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>No. Many licensees elect to join memberships or brokerage marketing plans which can better a licensee&#8217;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.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8d093ee3fb'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8d093ee3fb-body\" aria-expanded=\"false\" aria-controls=\"block_62a8d093ee3fb-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      Do I have to join the GLVAR, RSAR, or another Association of Realtors?    <\/button>\n    <div id=\"block_62a8d093ee3fb-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>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.<\/p>\n\n\n\n<p><a href=\"http:\/\/www.lasvegasrealtor.com\/docs\/REALTOR-Membership-Fee-Schedule-2015.doc\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to review the process associated with joining the Las Vegas Association&nbsp;&nbsp;<\/a>&nbsp;&nbsp;\u2013 &nbsp;<a href=\"http:\/\/www.rsar.net\/Home.aspx\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to review the process associated with joining the RSAR<\/a>.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8d0acee3fc'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8d0acee3fc-body\" aria-expanded=\"false\" aria-controls=\"block_62a8d0acee3fc-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      How competitive is the Nevada real estate market compared to other states?    <\/button>\n    <div id=\"block_62a8d0acee3fc-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>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&#8217;s market: \u201cIf a real estate licensee cannot succeed in Nevada, they wouldn\u2019t be successful in real estate anywhere in the United States. From a licensee&#8217;s prospective, it\u2019s the easiest real estate market in the country.\u201d<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8d0c2ee3fd'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8d0c2ee3fd-body\" aria-expanded=\"false\" aria-controls=\"block_62a8d0c2ee3fd-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      What does Key Realty School&#8217;s pre-licensing program entail?    <\/button>\n    <div id=\"block_62a8d0c2ee3fd-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Key Realty School\u2019s 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.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8d0d7ee3fe'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8d0d7ee3fe-body\" aria-expanded=\"false\" aria-controls=\"block_62a8d0d7ee3fe-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      How many licensed Nevada real estate professionals exist currently in Nevada? How does this figure stack up in relation to other states?    <\/button>\n    <div id=\"block_62a8d0d7ee3fe-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>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&nbsp;<a href=\"https:\/\/red.nv.gov\/uploadedFiles\/rednvgov\/Content\/Publications\/OpenHouse\/2021\/Open-House-Summer-2021.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Nevada Real Estate Division seasonal publication<\/a>). Per population, Nevada has less licensees per capita than most neighboring states, including California and Arizona.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n\n  <li class='accordion-item card' id='block_62a8d0f1ee3ff'>\n    <button class=\"accordion-item__header\" data-bs-toggle=\"collapse\" data-bs-target=\"#block_62a8d0f1ee3ff-body\" aria-expanded=\"false\" aria-controls=\"block_62a8d0f1ee3ff-body\">\n      <svg fill=\"none\"\n  xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"24\" height=\"24\" role=\"presentation\">\n  <path d=\"m6 9 6 6 6-6\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n      In my first active year as a licensed professional, how much can I expect to make?    <\/button>\n    <div id=\"block_62a8d0f1ee3ff-body\" class=\"collapse \">\n      <div class=\"accordion-item__body\">\n        \n\n<p>Most positions in real estate are paid via commission only. The average income reported by&nbsp;<a href=\"https:\/\/www.salary.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Salary.com<\/a>&nbsp;for the first year of practice in the state of Nevada is about $76,000.<\/p>\n\n      <\/div>\n    <\/div>\n  <\/li>\n\n<\/ol>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Real Estate FAQs<\/p>\n","protected":false},"author":941,"featured_media":0,"parent":19815,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/keyrealtyschool.com\/wp-json\/wp\/v2\/pages\/20573"}],"collection":[{"href":"https:\/\/keyrealtyschool.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/keyrealtyschool.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/keyrealtyschool.com\/wp-json\/wp\/v2\/users\/941"}],"replies":[{"embeddable":true,"href":"https:\/\/keyrealtyschool.com\/wp-json\/wp\/v2\/comments?post=20573"}],"version-history":[{"count":28,"href":"https:\/\/keyrealtyschool.com\/wp-json\/wp\/v2\/pages\/20573\/revisions"}],"predecessor-version":[{"id":25795,"href":"https:\/\/keyrealtyschool.com\/wp-json\/wp\/v2\/pages\/20573\/revisions\/25795"}],"up":[{"embeddable":true,"href":"https:\/\/keyrealtyschool.com\/wp-json\/wp\/v2\/pages\/19815"}],"wp:attachment":[{"href":"https:\/\/keyrealtyschool.com\/wp-json\/wp\/v2\/media?parent=20573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}