Becoming a Nevada real estate broker is a strong step forward in your career. Not only does this advanced license look great on a resume, it also allows you to work independently, open real estate brokerage firms, and manage other agents within these firms.
Getting the Nevada Real Estate Broker License is a fairly simple process, but it does require you to complete five steps, and have a few prerequisites before applying or taking the broker’s exam.
This guide covers all of these requirements in a simple, easy to understand way that will make it easier for you throughout this process.
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Nevada Real Estate Agent vs Real Estate Broker
Nevada offers two different types of real estate license: Sales and Broker.
A sales agent’s license is the initial license that real estate agents get in order to sell real estate.
A broker’s license is an advanced license that allows the license holder to operate at a higher level within real estate businesses in Nevada.
People often confuse sales agents and brokers. A simple way to look at the difference is that holders of the sales agent’s license are called real estate agents, while holders of the broker’s license are called real estate brokers.
If you are working towards getting your first license, check out our Nevada Real Estate License guide. If you’re working on the Nevada real estate broker license, keep reading this page!
Nevada Real Estate Broker License Requirements
First, to be eligible for a real estate broker’s license, you must meet the prerequisites to become a real estate broker in Nevada.
These prerequisites are:
- Two years of active full-time experience within the last four years
- 64 semester college credits
- Proof of experience. Every two years of work as a real-estate agent can be converted into 16 credits toward your education components
- Proof of pre-licensing education
You will also need to get fingerprinted and should be a resident of Nevada.
How to Become a Real Estate Broker in Nevada
Once you meet all the requirements listed above, you can follow these five steps to easily help you get your real estate broker license in Nevada.
Step 1: Complete a Nevada Broker Pre-Licensing Course
The first step to getting your real estate broker license in Nevada is to take 64 classroom hours of qualifying real estate courses.
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The required 64 semester college credits include:
- Three credits of Real Estate Principles
- Three credits of Real Estate Law
- Three credits of Real Estate Appraisal
- Three credits in a Broker Management Course (Nevada specific)
- 15 credits in business, management, accounting, marketing, finance, or economics
- One credit in contracts in real estate transactions
- One credit in agency
- General college-level credits: 35 for in-state, first-time applications or 37 for out-of-state, licensed applicants
In lieu of classroom experience, you may be able to use your Proof of Experience. Experiments can be granted in two-year increments. For example, eight years of real estate experience equals 64 credits needed for your broker’s license.
Nevada doesn’t allow you to transfer your real estate license from another state to be a broker, so you’ll need to take the licensing examinations again in Nevada. There is no education waiver available for broker applications.
After completing the courses, you must also pass the final broker course exam. The minimum passing grade is 70%. The final pre-license exam is to be supervised by a proctor, whether on-site or online. This is not the same as the state broker exam.
After passing your broker course exam, your pre-license education provider will provide you with your course completion documents. You’ll then send a completed Form 549 to the Department of Business and Industry Real Estate Division to have it processed.
Step 2: Submit a Nevada Broker License Application
Once you meet the broker pre-licensing education requirements and pass the course exam, you can now apply for your license.
To submit your broker license application, you must send in a paper copy of Form 549 with all of your pre-licensing documents. The cost is $160 for you as you apply for your broker license. The cost is also $160 for Broker-Salesperson applications.
Along with the documents, you’ll need to submit a fingerprint background waiver to the Nevada Real Estate Division (NRED).
Mail the entire completed packet to:
Nevada Real Estate Division – NRED
3300 W. Sahara Ave., #350
Las Vegas, NV 89102
Step 3: Get a Fingerprint-Based Background Check
After submitting your license application, you must have a fingerprint-based background check. You must submit your fingerprints via mail to NRED.
For fingerprinting, submit a fingerprint card along with a cashier’s check or money order in the amount of $40.25 (amount varies depending on location). It should be made out to the Nevada Department of Public Safety or the name of a qualifying approved Fingerprint vendor.
If you aren’t sure whether you are eligible for a real estate license based on your history, check out our article on Real Estate License Eligibility.
Step 4: Pass the Nevada Real Estate Broker Exam
The fee for the broker exam is $100.
In Nevada, brokers take the national and state sections of the examination. The national section is made up of 80 questions. The state section is made up of 48 questions. You will have up to 120 minutes to complete the national section and 60 minutes to finish the state portion.
The passing rate is 75% for the Nevada Real Estate Broker Exam.
There is no limit on the number of times you can take the exam, though you will have to pay the fee again.
Taking an exam prep course provides you helpful tools and materials, such as quizzes and specific state-only practice exams, to increase your chances of passing your broker license exam the first time.
Step 5: Application Review
Depending on who you take the exam through, you may know the results right away. Then, you will need to wait a few days for your background check to clear. It usually takes around 5-10 business days to get the documentation you need for your license application.
Once you have the license application documents in your hands, submit them to NRED to seek your license.
Now that you’ve successfully passed the broker licensing exam and obtained your license, there are a few things you need to do to keep your broker license active and updated.
Nevada Real Estate Broker License Renewal and CE
For licenses expiring on or after October 31, 2021, you will need to complete at least 36 hours of ongoing continuing education (CE) in the year after you receive your broker license. These hours need to include:
- Law and Legislation
- Risk Reduction
- Broker Management
- General Education Courses
At least 18 hours of the courses must be through live instruction.
Subsequent renewals will be good for two years instead of one and require the same amount of CE. For brokers age 65 or older with over 30 years of experience, there is an exemption that allows you to complete fewer CE courses.
NVDBI – Nevada Department of Business and Industry
Nevada Real Estate Division
3300 W. Sahara Ave., #350
Las Vegas, Nevada 89102
Hours: Monday to Friday, 8:00am – 5:00pm
Phone: (702) 486-4033
Nevada Real Estate Broker License FAQ
How much does it cost to get a real estate broker license in Nevada?
The costs of getting a real estate broker license in Nevada can range between $509.25 and $700.
The cost breakdown is as follows:
Pre-license education courses: $209-$399
Application fee: $160
Fingerprint-based background check: $40.25 (amount may vary depending on location)
Broker exam fee: $100
How long does it take to get a real estate broker license?
The steps that typically take the most time when getting a broker license include taking pre-license education courses and exams. The average amount of time to get a broker license is generally three to six months.
What is the difference between a real estate agent and a real estate broker?
Real estate agents focus on working with clients on individual real estate transactions, while real estate brokers have more experience with the added responsibility of managing a team of real estate agents or brokerage business. See our Real Estate Agent vs. Broker vs. Realtor page for more information.
How much does a real estate broker make?
Real estate brokers get paid just like real estate agents by earning commissions on their agents’ sales. Brokers can also charge the real estate agents they manage a fixed monthly fee or have the option to earn money on commission sales by helping their own clients buy and sell property. According to Payscale data, brokers earn $61,314 per year in base salary, with anywhere between $10,000 and $147,000 in commissions. The Bureau of Labor Statistics (BLS) indicates that the median broker salary is $62,010.
How do I get a job as a real estate broker in Nevada?
Browse through available real estate broker jobs in your area using our StateRequirement Job Board!