Nevada Real Estate Exam Practice Questions (2025)

Nevada's real estate salesperson exam has 120 questions: 80 national and 40 state-specific. You need 75% (90/120) to pass.

National Section Questions

Q1: A property's NOI is $63,000 and the cap rate is 7%. What is the estimated value? - Value = $63,000 / 0.07 = $900,000

Q2: Which type of agency is created when the principal accepts the benefits of an unauthorized act? A) Express B) Implied C) Ratification D) Ostensible Answer: C — Ratification: accepting benefits of an unauthorized act creates agency after the fact.

Q3: Which federal act prohibits discrimination in residential lending based on protected class characteristics? Answer: The Fair Housing Act (1968) prohibits discriminatory lending; ECOA (Equal Credit Opportunity Act) prohibits credit discrimination.

Nevada-Specific Questions

Q4: Nevada real estate is regulated by: A) Nevada Real Estate Commission (advisory only) B) Nevada Real Estate Division (NRED) under Dept of Business and Industry C) Nevada Dept of Commerce D) Nevada Professional Licensing Agency Answer: B — NRED under the Department of Business and Industry. The Nevada Real Estate Commission is advisory (5 members); the Division Administrator has regulatory authority.

Q5: Nevada real estate license law is found in: A) Nevada Revised Statutes Chapter 645 B) NRS Chapter 111 (Property) C) Nevada Admin Code Chapter 645 D) Nevada Real Estate Practices Act Answer: A — NRS Chapter 645 governs real estate licensees in Nevada.

Q6: Nevada requires salesperson applicants to complete how many hours of prelicense education? A) 45 B) 90 C) 120 D) 150 Answer: C — Nevada requires 120 hours of prelicense education — one of the highest requirements in the country.

Q7: Nevada's real estate transfer tax rate is: A) No transfer tax in Nevada B) $1.95 per $500 of consideration C) $2.25 per $1,000 D) 1% of sale price Answer: B — Nevada's Real Property Transfer Tax is $1.95 per $500 of consideration (approximately 0.39%).

Q8: Nevada is which type of property ownership state for married couples? A) Common law property B) Community property C) Tenancy by the entirety D) Elective share Answer: B — Nevada is a community property state. Property acquired during marriage is generally community property owned 50/50.

Q9: Nevada licenses are renewed every: A) 1 year B) 2 years C) 3 years D) 4 years Answer: B — Nevada real estate licenses renew every 2 years.

Q10: Nevada's continuing education requirement per 2-year cycle is: A) 12 hours B) 18 hours C) 24 hours D) 30 hours Answer: C — Nevada requires 24 hours of CE per 2-year renewal cycle, including mandatory topic hours.

Key Nevada Topics - **NRED** under Dept of Business & Industry; **NRS Chapter 645** - **120-hour prelicense** — one of the country's highest requirements - **75% passing threshold** with 120 questions - **Community property state**; deed of trust state (non-judicial foreclosure) - **Transfer tax**: $1.95 per $500

[Practice Nevada questions at CARealestate.com/states/nevada](https://carealestate.com/states/nevada)