NRES - Nevada Real Estate Salesperson Exam

Question 1: Nevada legislated a complete replacement for the fiduciary framework that most states borrow from case law, so that a licensee follows the statutory duty sections instead of inherited court-made rules. Which of the following best describes how Nevada treats those common-law agency principles for a licensee?

They supplement the statutory duties

They control where the statute is silent

A licensee need not follow them

They apply only to brokers

Question 2: A salesperson in Henderson takes a listing on a single-family home under an agreement entered into after October 1, 2025, and the client later argues that only a handshake was reached. Under the current definition in Nevada law, what form must a brokerage agreement take?

It must be a written contract

Either oral or written is fine

Oral, if confirmed later by email

Written only for exclusive listings

Question 3: A buyer chats at length with a licensee at an open house in Reno, asks detailed questions, and never signs anything. The buyer later claims an agency relationship formed during that conversation. Under Nevada's statutory definition, what actually gives rise to agency here?

The buyer's reliance on the advice

Substantive contact at the showing

A brokerage or property management contract

The licensee holding an active license

Question 4: An exclusive brokerage agreement in Nevada, entered into under the current statute, must satisfy a short list of requirements to be enforceable, addressing its termination, any cancellation notice, and the signatures. How many such requirements does the exclusive-agency statute now impose?

Two

Five

Four

Three

Question 5: A licensee ends up representing both the buyer and the seller on the same Sparks townhouse. A nationally trained coworker calls this dual agency and reaches for that label. Which mechanism does Nevada actually use when a licensee serves more than one party to a transaction?

Designated agency by the broker

A transaction brokerage arrangement

Written consent to act

Automatic termination of both listings

Question 6: Once a licensee has entered into a brokerage agreement to represent a client, Nevada law adds a flat list of specific duties owed to that client, beyond the duties owed to every party. How many additional numbered duties to the client does that section set out?

Five

Four

Ten

Seven

Question 7: A national listing form promises that the agreement ends on a definite expiration date. A Nevada broker drafting an exclusive listing must instead use the phrasing the state statute requires for how the agreement ends. Which phrasing does Nevada's exclusive-agency statute require?

A definite expiration date

An automatic renewal clause

A definite, specified and complete termination

A reasonable time for performance

Question 8: A listing ends when the seller revokes the brokerage agreement, and months later the former salesperson is tempted to share what the seller had confided about a bottom-line price. For how long after revocation or termination does Nevada bar disclosure of a client's confidential information?

One year

Indefinitely, without any limit

Ninety days

Until the property resells

Question 9: Two Nevada disclosure duties use different knowledge triggers: the duty owed to every party about the property, and the duty owed to a represented client about the transaction. Which of the following BEST captures how those two standards actually differ from each other?

Both require only actual knowledge

Client duty reaches constructive knowledge

Both reach what should be known

All-parties duty reaches constructive knowledge

Question 10: A salesperson has a seller sign a listing agreement at the kitchen table in Fernley. Under the Nevada statute on delivering a copy of a brokerage agreement, when must the salesperson give the client a copy of the signed agreement?

At the time the signature is obtained

Within ten days of closing

Only if the client requests it

At the final walkthrough

Question 11: A broker in Winnemucca signs a client to manage a set of rental homes and calls that a brokerage agreement for the chapter's purposes. Under the statutory definition of a brokerage agreement, how is a property management agreement treated?

It is one kind of brokerage agreement

It is a brokerage agreement if written

It is a subtype for permitted managers

It is excluded from that definition

Question 12: A company charges owners an upfront fee to place their properties on a promotional list of homes offered for sale, before rendering any other services. Under Nevada's statutory definitions, this kind of arrangement is captured by which of the following terms?

An advance fee listing

A net listing

An open listing

A buyer brokerage agreement

Question 13: A broker assigns one affiliated salesperson to the buyer and a different affiliated salesperson to the seller on the same Las Vegas condo. A national text would demand a signed dual-agency consent. What does Nevada require of those two licensees on the consent question?

A notarized consent from each party

Consent under the general dual-agency rule

The broker must withdraw from one side

They need not obtain that written consent

Question 14: Under the same-brokerage assignment where a broker places two affiliated licensees on opposite sides of one deal, Nevada replaces a consent requirement with an information barrier between them. To whom, if anyone, may each licensee disclose a client's confidential information in that arrangement?

To any licensee within the firm

To the cooperating party's licensee

Only to the broker

To no one under any circumstances

Question 15: A seller wants to streamline a sale and asks the licensee which of the statutory duties, if any, the client is allowed to give up. Under Nevada law, which single duty may a client waive on a form prescribed by the Division?

The duty of reasonable skill and care

The duty to account for money

The duty to disclose material facts

The duty to present all offers

Question 16: Nevada directs its Real Estate Division to prepare and distribute standard forms that set out the duties licensees owe in different representation situations, from single-party to multi-party work. How many such duties-owed forms does the statute require the Division to prepare?

One

Three

Five

Seven

Question 17: A Nevada exclusive listing sets out a clear termination and omits any cancel-notice clause, but only the client has signed it; the broker's signature line is left blank. Under the exclusive-agency statute, what does that missing signature mean for enforceability?

It is enforceable against the client

The client may still be bound

It is not enforceable as written

Only the termination clause fails

Question 18: A client wants to use the Division's current waiver and authorization form so that a cooperating agent may negotiate directly on a listing. According to the Division's guidance, who must sign that form for it to be complete and effective?

The client, the licensee, and the broker

Only the client

The client and the buyer

The client and a notary

Question 19: A broker in Ely closes a sale and also has a stack of files on offers that were never accepted and deals that fell through entirely. Under the Nevada regulation on keeping records, how long must the broker retain complete transaction records?

Two years

At least five years

One year

Ninety days

Question 20: A consumer collects from Nevada's recovery fund on a judgment against a licensee, and the licensee wonders what immediately happens to his license once the fund pays out on his account. Under Nevada law, what is the effect on that license?

Nothing until a new hearing

A fine equal to the payment

It is automatically suspended

It is permanently revoked

NRES Nevada Real Estate Salesperson Exam - Set 1 - Part 1

Question 2: A salesperson in Henderson takes a listing on a single-family home under an agreement entered into after October 1, 2025, and the client later argues that only a handshake was reached. Under the current definition in Nevada law, what form must a brokerage agreement take?

Question 3: A buyer chats at length with a licensee at an open house in Reno, asks detailed questions, and never signs anything. The buyer later claims an agency relationship formed during that conversation. Under Nevada's statutory definition, what actually gives rise to agency here?

Question 5: A licensee ends up representing both the buyer and the seller on the same Sparks townhouse. A nationally trained coworker calls this dual agency and reaches for that label. Which mechanism does Nevada actually use when a licensee serves more than one party to a transaction?

Question 6: Once a licensee has entered into a brokerage agreement to represent a client, Nevada law adds a flat list of specific duties owed to that client, beyond the duties owed to every party. How many additional numbered duties to the client does that section set out?

Question 7: A national listing form promises that the agreement ends on a definite expiration date. A Nevada broker drafting an exclusive listing must instead use the phrasing the state statute requires for how the agreement ends. Which phrasing does Nevada's exclusive-agency statute require?

Question 9: Two Nevada disclosure duties use different knowledge triggers: the duty owed to every party about the property, and the duty owed to a represented client about the transaction. Which of the following BEST captures how those two standards actually differ from each other?

Question 10: A salesperson has a seller sign a listing agreement at the kitchen table in Fernley. Under the Nevada statute on delivering a copy of a brokerage agreement, when must the salesperson give the client a copy of the signed agreement?

Question 11: A broker in Winnemucca signs a client to manage a set of rental homes and calls that a brokerage agreement for the chapter's purposes. Under the statutory definition of a brokerage agreement, how is a property management agreement treated?

Question 12: A company charges owners an upfront fee to place their properties on a promotional list of homes offered for sale, before rendering any other services. Under Nevada's statutory definitions, this kind of arrangement is captured by which of the following terms?

Question 13: A broker assigns one affiliated salesperson to the buyer and a different affiliated salesperson to the seller on the same Las Vegas condo. A national text would demand a signed dual-agency consent. What does Nevada require of those two licensees on the consent question?

Question 15: A seller wants to streamline a sale and asks the licensee which of the statutory duties, if any, the client is allowed to give up. Under Nevada law, which single duty may a client waive on a form prescribed by the Division?

Question 16: Nevada directs its Real Estate Division to prepare and distribute standard forms that set out the duties licensees owe in different representation situations, from single-party to multi-party work. How many such duties-owed forms does the statute require the Division to prepare?

Question 17: A Nevada exclusive listing sets out a clear termination and omits any cancel-notice clause, but only the client has signed it; the broker's signature line is left blank. Under the exclusive-agency statute, what does that missing signature mean for enforceability?

Question 18: A client wants to use the Division's current waiver and authorization form so that a cooperating agent may negotiate directly on a listing. According to the Division's guidance, who must sign that form for it to be complete and effective?

Question 19: A broker in Ely closes a sale and also has a stack of files on offers that were never accepted and deals that fell through entirely. Under the Nevada regulation on keeping records, how long must the broker retain complete transaction records?

Question 20: A consumer collects from Nevada's recovery fund on a judgment against a licensee, and the licensee wonders what immediately happens to his license once the fund pays out on his account. Under Nevada law, what is the effect on that license?

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