Tom is a licensed Nevada salesperson who has been actively practicing for 18 months. He approaches his broker and asks whether he can now apply for a Nevada broker license. His broker tells him he is not yet eligible. Which of the following most likely explains why Tom is not yet eligible?
Correct Answer
B) Tom has not yet satisfied the minimum active experience requirement, which Nevada requires for broker license applicants
Under NRS 645.343, Nevada requires broker applicants to have a minimum period of active licensed experience as a salesperson or broker-salesperson. At 18 months, Tom has not yet met the required active experience threshold (typically two years of active experience). This is the most likely reason his broker correctly advises he is not yet eligible to apply.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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