645.210 - Scope of examination

645.210. Scope of examination

The examination for salespersons may be a different examination from the examination for brokers. Each of the examinations will consist of questions covering any or all of the following subjects:

1. Principles:

(a) Contract law;

(b) Real estate law and conveyancing;

(c) Listing property and services to the seller;

(d) Selling property and services to the buyer; and

(e) Deposits.

2. Practices:

(a) Land economics and appraising;

(b) Land descriptions;

(c) Financing and insurance;

(d) Mathematics;

(e) Escrows and closings;

(f) Subdivisions and developments;

(g) Property management;

(h) Environmental issues; and

(i) Tax issues that affect real estate ownership.

3. Procedures and ethics:

(a)NRS 113.060 to 113.150, inclusive, 116.4109 and 116.41095, and chapters 119, 119A, 119B and 645 of NRS and the regulations adopted pursuant to them;

(b) Federal laws, including, without limitation:

(1) Fair Housing Act, 42 U.S.C. §§ 3601 et seq.;

(2) Interstate Land Sales Full Disclosure Act, 15 U.S.C. §§ 1701 et seq.;

(3) Truth in Lending Act, 15 U.S.C. §§ 1601 et seq.;

(4) Americans with Disabilities Act of 1990, 42 U.S.C. §§ 12101 et seq.;

(5) Real Estate Settlement Procedures Act, 12 U.S.C. §§ 2601 et seq.;

(6) Equal Credit Opportunity Act, 15 U.S.C. §§ 1691 et seq.; and

(7) The Residential Lead-Based Paint Exposure Reduction Act of 1992, 42 U.S.C. §§ 4851 et seq.; and

(c) Real estate brokerage and ethics, professional responsibility, fair practice and the duties listed in any form prepared by the Division pursuant to NRS 645.193. A copy of a form prepared by the Division pursuant to NRS 645.193 may be obtained from the Division.

Real Estate Adv. Comm'n, § IV subsec. 2, eff. 10-31-75-NAC A by Real Estate Comm'n by R146-99, 1-21-2000

NRS 645.190, 645.460

The following state regulations pages link to this page.