Real-estate Ch 2

According to the educational requirements under Nevada law, any licensed real estate broker, broker-salesman or salesman is allowed to receive credit for active experience as a real estate salesperson or broker. During the immediately preceding 10 years, the licensee may substitute each 2-year period of active experience for how many semester units of college-level courses?

16 semester units

An applicant for a license as a real estate salesman must be:

18 years of age.

Which of the following parties is legally permitted to assist an applicant with completing her license application?

No one may help the applicant fill out her license application.

An office operated by a licensed real estate broker or corporation, separate from the principal location of the broker, for the purpose of engaging in a general real estate business, is known as:

A branch office.

How long are all distance education real estate educational course approvals valid?

1 year

Which of the following courses is considered acceptable to count toward the real estate licensing requirements for a broker?

Broker management course.

Any approved real estate school must maintain a student's attendance records and course certifications for how many years after his enrollment at the school?

7 years

How many types of real estate licenses are there in Nevada regulated by NRS/NAC 645?

Three: broker, broker-salesperson, and salesperson.

When a license is on inactive renewed status, which of the following parties holds the license?

The Division.

Under the educational requirements set forth by the Nevada statutes, how many minutes of instruction are required to qualify for "one hour of instruction"?

Under the educational requirements set forth by the Nevada statutes, how many minutes of instruction are required to qualify for "one hour of instruction"?