Before you read
Test yourself first: 5 questions
Question 1 of 5
Under Nevada brokerage-operations rules, who bears ultimate responsibility for supervising the trust account and the advertising practices of the licensees in a brokerage?
Answer: B. The employing broker is responsible for supervising the brokerage's operations, including the trust account, recordkeeping, and the advertising of all licensees affiliated with the brokerage. While salespersons must comply, accountability for proper handling of funds and compliant advertising ultimately rests with the broker.
Question 2 of 5
Which statement about a Nevada broker's trust account record-keeping is correct?
Answer: C. Nevada brokers must keep complete and accurate records of all trust funds, showing amounts received, the parties, the property, and disbursements. These records must be retained for the period required by the Division and made available for audit and inspection by the Nevada Real Estate Division. Ultimate responsibility rests with the broker, not the individual salesperson.
Question 3 of 5
Which of the following best describes a Nevada brokerage's obligation regarding transaction records and documents?
Answer: B. The broker is responsible for maintaining transaction files and documents for the retention period set by the Nevada Real Estate Division and for producing them upon inspection or audit. This recordkeeping duty covers the brokerage's transactions broadly and rests with the supervising broker, not just individual licensees.
Question 4 of 5
In Nevada, real estate advertising placed by a salesperson must:
Answer: B. Nevada prohibits blind advertising. A salesperson's ads must identify the employing broker or licensed brokerage so the public understands the licensee operates under a broker's supervision. The ad cannot appear to come from an independent individual with no broker affiliation.
Question 5 of 5
A group of Nevada licensees operating as a real estate team wants to advertise under a team name. Which requirement applies?
Answer: B. Nevada permits teams to advertise under a team name, but the advertising must still disclose the affiliated brokerage and must not mislead the public into thinking the team is an independent brokerage. A team is not a licensed entity by itself; it operates under and is supervised by the broker.
Keep the streak going with more questions like these, each with a full rationale.
What you need to know
Licensees must avoid false or deceptive statements about properties, services, or terms in any medium, including online listings. Brokers are responsible for maintaining transaction and trust-account records and for keeping client funds in proper trust accounts without commingling or conversion. These records must be retained for the period required by Nevada law and made available to the Real Estate Division upon request during audits or investigations.
Nevada Advertising & Record-Keeping Rules: FAQs
Is Nevada Advertising & Record-Keeping Rules on the real estate exam?
Yes. State License Law is a scored domain on the Nevada real estate licensing exam, and this topic appears in the state license-law portion.
Is this cheat sheet free?
Yes — every page on Cinna RE's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
Does Nevada test this differently?
Nevada applies its own license law on top of the national portion. This page covers the Nevada rules specifically, which is what the state section of your exam tests.
