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Q Must
an individual posses a Nevada Real Estate license
to take the property management class?
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A No.
A prospective student does not need a Nevada real
estate license to take the property management course.
But, to activate the property management permit,
the prospective student must have an active real estate
license. Therefore the class can be taken for purely
informational purposes or can be taken before the
real estate license is activated. (One can not receive
compensation for property management unless they posses
an active real estate license)
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Q Who
needs a property management permit?
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A Anyone
who intends or has been contracted to conduct property
management activities.
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Q What
is the difference between a Permit and a Certificate?
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A The
permit is an attachment to a real estate license that
entitles the holder to perform any property management
function. The permit is often referred to as a
certificate, but the state of Nevada legally
recognizes the title as a Nevada Property Management
Permit.
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Q Is there
a test after my education?
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A Yes.
After completing 24 hours of property management education,
the student must take and pass a 50 question examination
with a 75% or better. This test is given at the PSI
testing center (Nevada's testing company). The test
is a total charge of $75 payable to the PSI testing
center.
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Q How
can a prospective permitee activate the education
and the test results?
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A The
certificate of education as well as the test results
must be mailed or taken to the Nevada Real Estate
Division. The permit fee is $40, after completing
the application and paying the fee, the individual
will activate the property management permit.
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Q Can
the 24 hours of education be completed through correspondence
study?
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A No.
24 hours of education must be completed in the classroom.
Nevada does not allow this course to be taught by
correspondence.
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Assistance
on further questions can be received by calling:
