Nevada MLO Exam Info

Specific Nevada MLO Exam Content: There is no such thing as a "standard" mortgage loan originator Exam. All states have varied content from each other. This is why we spend so much time preparing the individual content for the Nevada MLO exam keeping up with the changes as they occur in Nevada.

MLO Practice Exams are organized into categories: When studying for your Nevada MLO exam it is important to know your areas of weakness. We have taken the time to divide up the content into categories such as Federal Law, Loan Origination, General Loan knowledge and ethics. Each Category is graded separately to make it easier to identify and focus on your areas of weakness. Also included are master MLO Exams which incorporate all of the different categories into one test to help prepare you for your Nevada MLO Exam.

Nevada MLO Exam Questions Questions Are constantly Updated: We constantly update all of our Nevada practice questions, including our national practice questions, our explanations and answers, and other content. These all unite to give you the most comprehensive and up to date information for your Nevada MLO Exam.

NEVADA

Salesperson License

Applicants for a real estate salesperson license must show, proof of completion of the required 90 hours or 6 semester units of instruction in real estate principles, practices and law from a Nevada Real Estate Commission accredited provider . The course must include a minimum of 18 hours of Nevada law. Certified transcripts must be submitted with the license application. Copies of certified transcripts are accepted.

Applicants must show proof of passing the national and Nevada state exam within one year of the application date. Applicants may use their national examination results from another state (if dated within one year of the date of application for a Nevada real estate license) but must show proof of those results.

Broker and Broker/Salesperson License

Applicants must show proof of completion of *64 semester units, comprised of:

Course Topic

* Requirements
Effective
January 1, 2001

Real Estate Law
(including 18-hours of Nevada real estate law, not waived by experience)

3 Semester Units

Real Estate Principles

3 Semester Units

Real Estate Appraisal

3 Semester Units

Real Estate, Business, or Economics

15 Semester Units

Broker Management Training
(not waived by experience)

3 Semester Units

Non specified units - can be in general studies from an accredited university or college. Non-credit courses are not applicable.

37 Semester Units

UNIT TOTAL

64

Broker license applicants who hold a valid real estate salesman's license are entitled to receive credit for the equivalent of 16 semester units of college level courses for each two years of active experience as a licensed real estate salesman or broker. The license must be VALID in that state at the time of application in Nevada. This credit may not be applied against the 45 hour Broker Management Training nor the 18 hour Nevada law requirement.

Applicants for a Broker's license must have been actively engaged as a full-time licensed real estate broker or salesman for at least two (2) of the four (4) years immediately prior to the issuance of a Nevada Broker license. Applicants may apply for a Broker/Salesperson license without meeting the experience requirement but must meet the testing and education requirement of a Broker.

Applicants must show proof of passing the national and Nevada state exam within one year of the application date. Applicants may use their national examination results from another state but must show proof of those results and meet the one year deadline.

Property Management Permit

Applicants must:

  • Show proof of having a Nevada real estate license;
  • Show proof of attending an accredited 24-hour Property Management pre-permit course
  • Show proof of passing the Nevada Property Management state examination within one year of date of application.

This information was obtained from the Nevada Real Estate Commission web site, for more detailed information please go to http://www.red.state.nv.us/




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