Nevada License Law
What is the difference between a Nevada real estate 'salesperson' license and a 'broker-salesperson' license?
AThere is no difference; they are interchangeable in Nevada
BA salesperson must work under a licensed broker; a broker-salesperson has met the education and experience requirements for a broker license but chooses to affiliate with another broker rather than operate independently✓ Correct
CA broker-salesperson can only represent buyers, while a salesperson can represent either party
DA broker-salesperson license is issued by the federal government, not NRED
Explanation
In Nevada, a broker-salesperson has satisfied all broker license requirements (240+ hours education, 2+ years experience, passed broker exam) but works under another broker rather than operating an independent brokerage. They have greater knowledge and qualifications than a salesperson but remain affiliated with a supervising broker. Many experienced agents hold broker-salesperson licenses without running their own brokerages.
Related Nevada Nevada License Law Questions
- Under Nevada Revised Statutes Chapter 645, which of the following acts requires a real estate license?
- What is the Nevada requirement for a salesperson's license to become active after the initial exam?
- In Nevada, a temporary broker's license may be issued to allow a brokerage to continue operating when:
- What must a Nevada broker do when a salesperson associated with their firm receives an earnest money deposit?
- What is the Nevada requirement for a 'team' of real estate licensees operating under one broker?
- What is the Nevada requirement for a licensee's 'competence' when handling a type of transaction outside their experience?
- What is the Nevada requirement for a licensee disclosing their license status when purchasing real estate for themselves?
- What is the Nevada Real Estate Education Fund and who benefits from it?
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