Real-estate Ch 2 License types and duties.

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"?

At least 50

ALL real estate license applicants (salesperson, broker-salesperson and broker) must submit a

fingerprint card with an application for licensure in Nevada and a statement regarding child support, as prescribed by the Division of Welfare and Supportive Services.

To ensure licensees have a good moral character and to protect the public, the Division requires applicants for licenses to have a reputation for

honesty, trustworthiness and integrity and be able to offer proof of this.

If the Division denies an application, the applicant must receive notice of this denial within how many days of the ruling?

15 days

The applicant has how many days after the receipt of the denial notice to file a written request for a hearing.

30

All real estate salesperson applicants must successfully complete a course of instruction in

real estate principles, practices, procedures, law and ethics

The course to obtain a broker or broker-salesperson license is comprised of

64 semester credits

For every 2 years of experience as a real estate licensee, an applicant is allowed

16 college credits towards the education requirements.

Any school that wants to offer courses designed to meet the NRS educational requirements must first

apply to the Commission for its approval

Distance learning IS approved for real estate education in Nevada. The Commission has the authority to decide whether or not to approve a distance education course. To make this determination, the Commission will consider whether:

• The course is made up of at least 3 hours of instruction.

• Students must complete a written exam that is proctored by either a person or a secure electronic method, both of which the Division must specifically approve.