Educational requirements; regulations of Commission concerning standards of education.
1. In addition to the other requirements contained in this chapter, an applicant for an original real estate salesman’s license must furnish proof satisfactory to the Real Estate Division that he has successfully completed a course of instruction in the principles, practices, procedures, law and ethics of real estate, which course may be an extension or correspondence course offered by the University and Community College System of Nevada, by any other accredited college or university or by any other college or school approved by the Commission. The course of instruction must include the subject of disclosure of required information in real estate transactions, including instruction on methods a seller may use to obtain the required information.
2. An applicant for an original real estate broker’s or broker-salesman’s license must furnish proof satisfactory to the Real Estate Division that he has successfully completed 45 semester units or the equivalent in quarter units of college level courses which include:
(a) Three semester units or an equivalent number of quarter units in real estate law, including at least 18 classroom hours of the real estate law of Nevada and another course of equal length in the principles of real estate;
(b) Nine semester units or the equivalent in quarter units of college level courses in real estate appraisal and business or economics;
(c) Nine semester units or the equivalent in quarter units of college level courses in real estate, business or economics; and
(d) Three semester units or an equivalent number of quarter units in broker management.
3. On and after January 1, 1986, in addition to other requirements contained in this chapter, an applicant for an original real estate broker’s or broker-salesman’s license must furnish proof satisfactory to the Real Estate Division that he has completed 64 semester units or the equivalent in quarter units of college level courses. This educational requirement includes and is not in addition to the requirements listed in subsection 2.
4. For the purposes of this section, each person holding a valid real estate salesman’s license under the provisions of this chapter is entitled to receive credit for the equivalent of 16 semester units of college level courses for each 2 years of active experience he has as a licensed real estate salesman. This credit may not be applied against the requirement in subsection 2 for three semester units or an equivalent number of quarter units in broker management or 18 classroom hours of the real estate law of Nevada.
5. An applicant for a broker’s license pursuant to NRS 645.350 must meet the educational prerequisites applicable on the date his application is received by the Real Estate Division.
6. As used in this section, “college level courses” are courses offered by any accredited college or university or by any other institution which meet the standards of education established by the Commission. The Commission may adopt regulations setting forth standards of education which are equivalent to the college level courses outlined in this subsection. The regulations may take into account the standard of instructors, the scope and content of the instruction, hours of instruction and such other criteria as the Commission requires.
Last modified: February 27, 2006