How to Become a Real Estate Broker in Nevada

Looking to elevate your real estate career in Nevada? Becoming a broker is a significant step towards that goal. 

This guide covers all the details you need to know – from meeting requirements to acing the exam. Now, let’s get started.

Steps to Become a Real Estate Broker in Nevada

The following steps are a quick outline the process to become a licensed real estate broker in Nevada:

1. Meet Nevada’s work experience requirements.
2. Complete broker education.
3. Submit a broker's application
4. Pass the Nevada broker licensing exam.
5. Submit a background check and fingerprinting.
6. Pay all applicable licensing fees.

We'll go into further detail on each of these processes in the following sections:

Step 1: Meet Nevada’s Work Experience Requirements

Applicants must have worked in real estate full-time for at least two of the previous four years in order to be eligible for a Nevada broker's license.

This background guarantees a strong basis for overseeing agents, running a firm, and handling intricate real estate transactions.

Step 2: Complete Broker Education Requirements

To meet the education requirements, applicants must provide proof of pre-licensing education through certified transcripts or certificates. 

Applicants can satisfy the education requirement through an accredited college or real estate school. They must complete 225 hours or 64 semester college credits. This includes:

Core Requirements

• Real Estate Principles: 45 hours/3 credits or equivalent licensed experience.
• Real Estate Law: 45 hours/3 credits, including 18 hours of Nevada law.
• Real Estate Appraisal: 45 hours/3 credits or equivalent experience.
• Broker Management: 45 hours/3 credits (Nevada-specific).

Additional Credits

• Real Estate-Related Courses: 15 credits in business, marketing, or similar fields, or equivalent experience.
• Contracts in Real Estate Transactions: 15 hours/1 credit, focused on real estate contracts (not required for out-of-state applicants).
• Agency: 15 hours/1 credit on broker-agent relations and risk reduction (not required for out-of-state applicants).

By fulfilling these education criteria, applicants will be well-prepared to meet the requirements for licensure and begin their real estate careers in Nevada.

If you want to enroll in a real estate school, we partnered with Kaplan to provide exceptional real estate courses to Nevada students. 

Sign up through US Realty Training and get a discount.

Step 3: Submit a Broker Application

After completing your education and earning the required certificate, you can submit your application to the Nevada Division of Real Estate.  Here are the details:

Where to Apply: You can apply online through the Nevada Division of Real Estate’s portal or mail your application to their office.

Application Materials Needed:

• Completed Broker Application Form
• Proof of Work Experience
• Proof of Education Requirements
• Original State and National Exam Results (dated within the last 12 months)
• Credit Report (completed within 30 days of application)
• Fingerprint Background Waiver and Fingerprint Card
• Government-issued ID (driver’s license or passport)
• Payment of Application Fee

Review all documents thoroughly for accuracy, as incomplete applications may experience delays, or call the Department of Business and Industry Nevada Real Estate Division (DBI-NRED) for assistance.

Step 4: Pass the Nevada Broker Licensing Exam

The broker licensing exam tests your knowledge of real estate practices, laws, and brokerage management. Here’s what you need to know about the exam:

• Exam Length: 4 hours
• Total Questions: 120 questions (80 focus on general practice, 40 on state law topics)
• Passing Score: 75%

To prepare, review your course materials with a focus on Nevada laws and brokerage management principles. 

Practicing with sample exams can also help you get familiar with the format and question types. Be sure to dedicate time for consistent and thorough study.

Step 5: Submit to a Background Check and Fingerprinting

In Nevada, a background check, which includes fingerprinting, is required when applying for a broker's license in order to meet ethical requirements. 

Usually, fingerprinting costs $20 to $60, while background checks cost $40 to $60. 

After finishing your course prerequisites, schedule your fingerprints as soon as possible to prevent delays since processing takes two to four weeks.

FAQs about Becoming a Real Estate Broker in Nevada

This section addresses some frequently asked questions about the process and requirements to become a broker in Nevada.

Should You Become a Real Estate Broker in Nevada?

Earning your broker’s license sets the stage for greater independence, higher earnings, and the ability to create your own team or brokerage. 

If you’re driven to take on more responsibility and shape your own path, this would be the ideal choice.

How Fast Can You Get a Broker’s License?

In order to become a broker in Nevada, one must normally work as a Nevada real estate agent for at least two years, and then finish the license process, which takes three to six months.

After gaining the necessary experience, you must fulfill education requirements, pass the licensing exam, submit your application, and complete a background check. The entire process, from start to finish, can take around two years or more, depending on how quickly you complete everything.

How Much Do Real Estate Brokers Make?

A real estate broker's earning potential in Nevada is significantly influenced by factors such as location, experience, and client base. 

For example, the average broker salary in Nevada is about $80,000, with earnings typically ranging from $30,588 to $209,009. 

In Las Vegas, brokers tend to earn more, with an average salary of $94,900 and a range between $58,643 and $153,665.

These numbers underscore the financial rewards available to brokers in Nevada’s thriving real estate market.

How Much Does a Real Estate Broker’s License Cost?

The total cost of obtaining a broker’s license includes fees for education, application, and the exam. Below is a breakdown of the main expenses:

• Broker education program: $500 - $1,000
• Application fee: $125
• Exam fee: $100
• Background check and fingerprinting: $60
• Initial licensing fee: $160
• Total Estimated Cost: $945 - $1,445

Please note that these are estimated costs and may vary depending on your specific circumstances and choices.

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What’s the Difference Between Real Estate Brokers and Agents?

While both agents and brokers assist clients with property transactions, brokers have additional authority and responsibilities. 

Agents operate under a broker’s supervision and focus on sales and leasing. Brokers, in contrast, can establish their own brokerage, oversee agents, manage compliance and finances, and resolve conflicts

Does Nevada Have a Broker’s License Reciprocity Agreement?

Nevada does not offer full reciprocity for broker licenses with all states.

However, it does provide an expedited process for brokers from certain states, allowing them to bypass some of the standard education and exam requirements.

Final Thoughts on Becoming a Real Estate Broker in Nevada

As a real estate professional, becoming a broker is a great way to advance your profession. 

Experienced agents can follow these steps to meet the state’s licensing requirements and prepare for the rewarding challenges of being a licensed broker.

Get started today! Click the “Enroll” button below to join our partnered broker program and take the next step in your real estate journey.