Broker Licensing

There are 3 different types of Nevada real estate licenses that are issued by the Nevada Real Estate Division:

  • Salesperson – A licensee who has completed the initial real estate Principles and Law course (the traditional pre licensing course), passed the Nevada licensing exam, applied for a Nevada license and is conducting business under a Nevada Broker.
  • Broker Salesperson – A licensee who has completed all of the Salesperson requisites but has also passed the broker exam and met the broker education / experience credentials.
    • A broker salesperson is a broker who currently elects to practice under another broker for one of the following reasons:
      • § The licensee does not wish to be the broker of record at present
      • § The licensee does not yet have the two years licensed experience required to activate the broker license
    • A broker salesperson may be appointed an office or division manager so long as the broker salesperson has the required licensed experience.
  • Broker – A licensee who has met all broker education, testing and licensing requirements. The broker does not conduct business under any other licensee and may employ other licensees.

This webpage is designed to inform applicants of the broker or broker salesperson requirements. Key Realty School offers many Broker qualifying courses that can be used to fulfill Nevada broker application requirements. In summary, a Nevada Broker must meet all of the following:

  • 64 total college credits of which 15 must be in business related subjects, 6 in real estate law, 3 in Nevada Broker Management and 3 in Nevada Broker appraisal. The balance of credits can be in any topic.
    • Every 2 years of full time experience equals 16 college credits. Credits earned through experience  can be used to waive any portion of the college credit requirement except for Nevada Broker Management. Out of state licensed experience may be used but the out of state licensee will not be able to waive the credits in law. (Specifically, the 18 hour law course cannot be waived through experience by out of state licensees)
      • § A Broker must have a minimum  of 2 years experience as a licensee
      • § A Broker salesperson may use  only college credits and the subsequent broker qualifying course work to  satisfy the application requirements.

Click Here to access the commonly asked questions and answers relative to broker licensing

 

Broker Qualifying Courses  

Key Realty School offers 9 different broker qualifying courses (27 total broker qualifying college credits)


Broker Management3 Credit Requirement, this course is not an elective and cannot be waived through experience.

Broker Management Course Summary: This is a required course by the State of Nevada as of January 1, 2001. There are no exceptions to this requirement if you are interested in becoming a Broker or Broker-Salesman in the State of Nevada.

This comprehensive course covers such topics as:

  • Planning the Organization
    • Analyzing the Market
    • Developing a Business Plan
  • Organizing the Organization
    • Structuring your Organization
    • Structuring your Business Systems
    • Structuring your Finances
    • Business Policies and Procedures
    • Marketing and Advertising
  • Staffing and Directing
    • Recruiting, Selecting, and Hiring the Staff
    • Professional Development for your Staff
    • Coaching your Staff
  • Controlling the Organization
    • Monitoring your Operations
    • Managing Risk
  • Your Personal Growth
    • Becoming a Leader
    • Developing as a Manager

This course is offered by home study only and designed so you can complete it at your own pace. You must keep the course at least 6 days as the state of Nevada only allows you to study a maximum of 8 hours per day. Students are provided with a course textbook and review material. The student is required to test through the school website or in person to obtain the course completion certificate. The student must score a 75% or better on the school certificate / completion test to receive the course certificate of education.

The Broker Management course tuition is $150

Click here to enroll in the 45 Broker Management Course

 

Students who have the required college education or experience to waive all requirements except for the Nevada Broker management and the Nevada Broker Licensing exam should use the Key Realty School Nevada Broker Review Kit. This kit includes the Nevada Broker Management Course and the Review for the state and National Broker licensing exam through home study ($100 Review Kit)

Package Tuition of $225

Click here to enroll in the Broker Review Pack

 

 


Appraisal – 3 Credit Requirement, this course can be waived through 2 years of full time experience.

This is a required course by the State of Nevada for those who wish to obtain their Broker or Broker/salesman license in the State of Nevada. The only exception to this requirement is if you currently hold an active Broker’s license in another state, or you can prove you have been a full time real estate agent for 2 years with a current license, or you have taken a similar course, you may use your experience in lieu of taking this course. (This course is NOT to be confused with the appraisal pre licensing or appraisal licensing course as this course is directed toward broker applicants only)

This comprehensive course covers such topics as:

  • The Appraisal Profession
  • The Real Estate Marketplace
  • The Appraisal Process
  • Building Construction and the Environment
  • Data Collection
  • Site Valuation
  • Cost Approach
    • Reproduction/Replacement Cost
    • Depreciation
  • The Sales Comparison Approach
  • The Income Capitalization Approach
  • Direct and Yield Capitalization
  • Reconciliation and the Appraisal Report
  • Appraising Partial Interests

This course is offered by home study only and designed so you can complete it at your own pace. You must keep the course at least 6 days as the state of Nevada only allows you to study a maximum of 8 hours per day. Students are provided with a course textbook and review material. The student is required to test through the school website or in person to obtain the course completion certificate. The student must score a 75% or better on the school certificate / completion test to receive the course certificate of education.

The Appraisal course tuition is $150

Click here to enroll in the 45 Appraisal Course

 


Finance – 3 Credit Business Elective

This course is optional and is designed to be completed at your own pace. This course is approved by the Real Estate Division to offer three units of real estate related education. This course is informative for anyone, however it is structured for a licensed real estate agent interested in obtaining their Broker or Broker/salesman license in the State of Nevada.

This comprehensive course covers such topics as:

  • The Nature and Cycle of Real Estate Finance
  • Money and the Monetary System
  • Government Role in Real Estate Finance
  • The Secondary Mortgage Market
  • Sources of Funds for Real Estate Finance
  • Instrument of Real Estate Finance
  • Conventional, FHA and VA Loans
  • Processing Real Estate Loans
  • Contemporary Real Estate Finance
  • Defaults and Foreclosures

This course is offered by home study only and designed so you can complete it at your own pace. You must keep the course at least 6 days as the state of Nevada only allows you to study a maximum of 8 hours per day. Students are provided with a course textbook and review material. The student is required to test through the school website or in person to obtain the course completion certificate. The student must score a 75% or better on the school certificate / completion test to receive the course certificate of education.

The Finance Course tuition is $150

 


Investment – 3 Credit Business Elective

This course is optional and is designed to be completed at your own pace. This course is approved by the Real Estate Division to offer three units of real estate related education. This course is informative for anyone, however it is structured for a licensed real estate agent interested in obtaining their Broker or Broker/salesman license in the State of Nevada.

This comprehensive course covers such topics as:

  • Ownership Interests in Real Property
  • Financing for Real Estate Investments
  • Income Taxes and Real Estate Investments
  • Feasibility of Real Estate Investments
  • Financial Analysis Real Estate Investments
  • Investing in Land, Residential Properties
  • Investing in Office Buildings, Strip Stores and Industrial Properties

This course is offered by home study only and designed so you can complete it at your own pace. You must keep the course at least 6 days as the state of Nevada only allows you to study a maximum of 8 hours per day. Students are provided with a course textbook and review material. The student is required to test through the school website or in person to obtain the course completion certificate. The student must score a 75% or better on the school certificate / completion test to receive the course certificate of education.

The Investment Course tuition is $150

 


Property Management – 3 Credit Business Elective

This course is not to be confused with the 24-hour property management certification course. This course is a broker upgrade course and is optional. This course is designed to be completed at your own pace. This course is approved by the Real Estate Division to offer three units of real estate related education. This course is informative for anyone, however it is structured for a licensed real estate agent interested in obtaining their Broker or Broker/salesman license in the State of Nevada. This course is NOT to be confused with the 24 hour Property Management Pre Permit course as it is specifically designed as an elective broker upgrade.

This comprehensive course covers such topics as:

  • Professional Property Management
  • Property Management Economics and Planning
  • Managing Owner Relations
  • Marketing Management
  • Managing Leases
  • Managing Lease Negotiations
  • Managing Tenant Relations
  • Managing Maintenance and Construction
  • Managing Reports and Insurance
  • Managing the Office
  • Managing Federal and State Laws
  • Managing Residential Properties
  • Managing Specialized Housing
  • Managing Office, Retail and Industrial Property
  • Managing Life Safety and Environmental Issues

This course is offered by home study only and designed so you can complete it at your own pace. You must keep the course at least 6 days as the state of Nevada only allows you to study a maximum of 8 hours per day. Students are provided with a course textbook and review material. The student is required to test through the school website or in person to obtain the course completion certificate. The student must score a 75% or better on the school certificate / completion test to receive the course certificate of education.

The Property Management Course tuition is $150

 


Additional Broker Business Course Electives:

  • Real Estate Economics – 3 Credit Broker Elective
  • Real Estate Escrow – 3 Credit Broker Elective
  • Business Law – 3 Credit Broker Elective
  • Home Owners Management – 3 Credit Broker Elective

Each of the aforementioned broker electives can be taken via home study. The courses are offered by home study only and designed so you can complete it at your own pace. You must keep the course at least 6 days as the state of Nevada only allows you to study a maximum of 8 hours per day. Students are provided with a course textbook and review material. The student is required to test through the school website or in person to obtain the course completion certificate. The student must score a 75% or better on the school certificate / completion test to receive the course certificate of education.

Course tuition $150 per 3 credit unit.

NOTE: Tuition per credit decreased based on the total amount of credit the student enrolls in.