Maria has been a licensed Nevada salesperson for three years and wants to upgrade her license. She has completed the required broker education, passed the broker examination, and meets all experience requirements, but she prefers to continue working under Broker Thompson rather than open her own office. Which Nevada license category is most appropriate for Maria?
Correct Answer
B) She should apply for a broker-salesperson license, which allows her to retain broker qualifications while working under another broker
Nevada's broker-salesperson license category, established under NRS 645.030 and NRS 645.343, is specifically designed for individuals who have met all broker qualifications but choose to work under another broker. Maria's situation — qualified as a broker but preferring to work under supervision — is precisely what this category addresses.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
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