Nevada Business License

As a trusted educational resource, Key Realty School has provided  practical guidance to Nevada Real Estate licensees for over 30 years. In recent years, many Nevada real estate licensees have queried about the Nevada Business license and the requirements thereof.

Key Realty School worked with the Nevada Secretary of State in late 2019 to provide written clarification as it pertains to specific questions about the Nevada Business license and how this business license relates to holding a Nevada Real Estate license in the state of Nevada.

The information contained here within is designed for information only wherein specific clarification to business licensing law should be directed to the Nevada Secretary of State: 775 684 5708 OR https://www.nvsos.gov/sos

The following is a summary extracted from written correspondence with the Nevada SOS:

  • The business license does not have to be in the same as the Real Estate License unless the Real Estate Licensee wants to put their name on the business license OR if the real estate licensee files as a sole proprietor business license.
  • If the real estate licensee files as a corporation or a limited liability company then they can file for these exemptions:
    • A governmental entity
    • An insurance company licensed pursuant to NRS 680B.020 not conducting business not incidental to Title 57.
  • If the real estate licensee files as a sole proprietor state business license then they can file for these exemptions:
    • A governmental entity
    • A nonprofit religious, charitable, fraternal or other organization that qualifies as a tax-exempt organization pursuant to 26 U.S.C. § 501 (c)
    • (c) A natural person who operates a business from his or her home as defined by Chapter 76 of Nevada Administrative Code and whose net earnings from that business are not more than 66 2/3 percent of the average annual wage, as computed for the preceding calendar year pursuant to NRS Chapter 612 and rounded to the nearest hundred dollars. The average annual wage generally fluctuates each year.  66 2/3% of the applicable average annual wage for 2015 is $26,400. (2015 is the last reporting as of 1/1/2020)
    • An insurance company licensed pursuant to NRS 680B.020 not conducting business not incidental to Title 57.
      • If the real estate licensee can claim one of these exemptions then the real estate licensee does not have to pay for the $200.00 business license fee.
    • If the real estate licensee is paid by W2 then the real estate licensee does not need to get a state business license.

The aforementioned information only pertains to the Nevada Business license. Please note that specific local municipalities may require city, county or other geographic conditional licensing in accordance with location within Nevada.