Free Nevada Real Estate Practice Exam Questions (October 2026) 40+

All of the following actions are allowed aside from: show property or provide clients or consumers information on listings. Per Nevada Code: Unlicensed assistants cannot show property or provide clients or consumers information on listings.

All purchasers have a five calendar day grace period where they may cancel the transaction within the time period.

Any balance over $300,000 at the end of the fiscal year must be set aside and used by the Administrator for RE education & research.

Failing to maintain brokerage or property management records, results in a violation of: NRS 645.630. NRS 645.630 is authorized disciplinary action; grounds for disciplinary action; orders imposing discipline deemed public records. 645.630 put simply is any violation that has to do with: Making any material misrepresentation, misusing funds, improper handling of funds, failing to report information of funds and how they were handled. Read More Here

Failure to deliver within a reasonable time, a copy of any purchase agreement of offer to buy or sell real estate to the purchases or to the seller, results in a violation of: NRS 645.635. NRS 645.635 is Unprofessional and improper conduct relating to real estate transactions. Read More Here

No it is not. Commingling is a breach of trust in which a fiduciary mixes funds held in care for a client with their own funds. Commingling is illegal in Nevada and is a violation of NRS 645.630

Per Nevada License law, every licensee has a total amount of $100,000 worth of liability from the Real Estate Recovery Fund.

When it comes to calculating proation in Nevada, ordering the preliminary title report, and preparing the purchase money mortgage note and trust deed, that is handled by the escrow agent.

In any advertisement, the licensee must indicate the brokerage firm’s name in prominence to the licensee’s name. The purpose of this regulation is to provide accurate identification of the licensee and their broker to the consumer and the Real Estate Division.

The standard requirement is 36 hours for a subsequent two-year active-license renewal. Initial-license renewal and approved exemptions have different requirements. See NAC 645.448.

Per Nevada License law, licensees are subject to a fine up to $10,000, and may have conditions placed on his or her license, such as suspension, revocation, or denied renewal.

The standard requirement is 36 hours for a subsequent two-year active-license renewal. Initial-license renewal and approved exemptions have different requirements. See NAC 645.448.

In order to qualify for a Real Estate commission membership applicants must be a resident of Nevada for at least five (5) years. Read More Here

Failure to reduce a bona fide offer to writing where a proposed purchaser requests that it be submitted in writing, results in a violation of: NRS 645.635. NRS 645.635 is Unprofessional and improper conduct relating to real estate transactions. Read More Here

Under agency law in Nevada dual agency is legal with the consent of all parties. A license holder can represent both principals as a dual agent.

If a broker has a trust account and fails to maintain or submit an annual accounting to the Real Estate division, this results in a violation of: NRS 645.630. NRS 645.630 is authorized disciplinary action; grounds for disciplinary action; orders imposing discipline deemed public records. 645.630 put simply is any violation that has to do with: Making any material misrepresentation, misusing funds, improper handling of funds, failing to report information of funds and how they were handled. Read More Here

The Real Estate Commission is a five-member body appointed by the governor that acts in an advisory capacity to the Division, adopts regulations, and conducts disciplinary hearings. It does not make real estate laws that falls under Nevada's legislature.

The fee tail has been abolished in all but four states in the United States: Massachusetts, Maine, Delaware and Rhode Island. However, in the first three states, property can be sold or deeded as any other property would be, with the fee tail only applying in case of death without a will. Fee tails in Nevada are illegal.

Per, NRS 645.990 Unlawful acts; penalties. “A person who violates any other provision of this chapter, if a natural person, is guilty of a gross misdemeanor, and if a limited-liability company, partnership, association or corporation, shall be punished by a fine of not more than $2,500.”

Offering real estate for sale or lease without the knowledge and consent of the owner's authorized agent or on terms other than those authorized by the owner or the owner's authorized agent, results in a violation of: NRS 645.635. NRS 645.635 is Unprofessional and improper conduct relating to real estate transactions. Read More Here

Per NRS 645.660, “the Commission may suspend, revoke or deny the renewal of the license of a real estate broker and may assess a civil penalty of not more than $5,000 against the broker if it appears he or she has failed to maintain adequate supervision of a salesperson or broker-salesperson associated with the broker and that person commits any unlawful act or violates any of the provisions of this chapter.”

All of the following actions are prohibited aside from drafting and assembling transaction documents. Unlicensed assistants can in fact do that. Per Nevada Code: Unlicensed assistants can draft and assemble transaction documents, draft correspondence, do office filing, develop and maintain mailing lists, and perform other clerical duties for a licensee.

Willfully using any trade name, service mark or insignia of membership in any real estate organization of which the licensee is not a member, without the legal right to do so, results in a violation of: NRS 645.633. NRS 645.633 is improper trade practices; violations of certain orders, agreements, laws and regulations; criminal offenses; other unprofessional and improper conduct; reciprocal discipline; violations relating to property management; log of complaints. Read More Here

Failing, within a reasonable time to remit money which comes into their possession which belongs to others, results in a violation of: NRS 645.630. NRS 645.630 is authorized disciplinary action; grounds for disciplinary action; orders imposing discipline deemed public records. 645.630 put simply is any violation that has to do with: Making any material misrepresentation, misusing funds, improper handling of funds, failing to report information of funds and how they were handled. Read More Here

Credit score is not itself one of the protected classes listed in NRS 118.100. Nevada law does protect sexual orientation and gender identity or expression, as well as race, religious creed, color, national origin, disability, ancestry, familial status, and sex. Screening practices must still comply with applicable fair-housing law. See NRS 118.100.

The Nevada Real Estate Division (RED) is Nevada’s licensing entity. It is often abbreviated RED.

Paying a commission, compensation or a finder's fee to any person performing the services of a broker, broker-salesperson or salesperson who has not secured a license, results in a violation of: NRS 645.633. NRS 645.633 is improper trade practices; violations of certain orders, agreements, laws and regulations; criminal offenses; other unprofessional and improper conduct; reciprocal discipline; violations relating to property management; log of complaints. Read More Here

An “owner-developer” means a person who owns five or more lots within a recorded subdivision, shown on an approved parcel map, or the parceling of which has been approved by the county, on each of which there is a single-family residence not previously sold.

The Governor is in charge of handling the appointment of board members. Per Nevada Real Estate License Law.

Accepting, giving or charging any undisclosed commission, rebate or direct profit on expenditures made for a client, results in a violation of: NRS 645.633. NRS 645.633 is improper trade practices; violations of certain orders, agreements, laws and regulations; criminal offenses; other unprofessional and improper conduct; reciprocal discipline; violations relating to property management; log of complaints. Read More Here

The Real Estate Recovery Fund is a special fund established by Nevada Real Estate Code to provide reimbursement to persons who are victims of fraud, misrepresentation or deceit committed by real estate licensees during the course of any transaction for which a license is required. The fund is designed to protect consumers.

Some Nevada statutes require disclosure be made within a relative time frame. If the licensees' relation with any party changes, legally, disclosure should be made as soon as possible.

The states that have community property laws are: Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. Community property is property acquired that is considered to be obtained by mutual effort. The concept is that a husband and wife are EQUAL partners.

Guaranteeing, or having authorized or permitted a person to guarantee, future profits which may result in the resale of real property, results in a violation of: NRS 645.633. NRS 645.633 is improper trade practices; violations of certain orders, agreements, laws and regulations; criminal offenses; other unprofessional and improper conduct; reciprocal discipline; violations relating to property management; log of complaints. Read More Here

Nevada state law requires that copies of purchase agreements (and all related records whether or not the transaction ever closed), be kept by the broker for at least five years

Per Nevada License law, the minimum balance of the real estate education, research and recovery fund is $300,000.

Gross negligence or incompetence in performing any act for which the person is required to hold a license, results in a violation of: NRS 645.633. NRS 645.633 is improper trade practices; violations of certain orders, agreements, laws and regulations; criminal offenses; other unprofessional and improper conduct; reciprocal discipline; violations relating to property management; log of complaints. Read More Here

Any licensee completing a purchase agreement must provide their broker with a copy of the agreement within five days after the paperwork is signed.

Failing to deposit any check or cash deposit received as earnest money before the end of the next banking day, unless otherwise provided in the purchase agreement, results in a violation of: NRS 645.630. NRS 645.630 is authorized disciplinary action; grounds for disciplinary action; orders imposing discipline deemed public records. 645.630 put simply is any violation that has to do with: Making any material misrepresentation, misusing funds, improper handling of funds, failing to report information of funds and/or how they were handled.

Dower and Curtesy was an old law. Oftentimes, back in the day, real property owned by a husband was typically not inherited by the wife nor was the wife's property inherited by her husband. Instead, the property would either go to the children or some other member of the husband or wife's line. Since the late 1800’s the law has been largely abolished, however some states still hold the law true. Maryland abolished Dower and Courtesy in 1980. Today most states abolished dower and curtesy and generally provide the same benefits regardless of sex.