It must be provided to each party so they understand whom the licensee represents.
Before you read
Test yourself first: 5 questions
Question 1 of 5
Which agency licenses and regulates real estate licensees in Nevada?
Answer: A. The Nevada Real Estate Division (NRED), within the Department of Business and Industry, licenses and regulates real estate licensees in Nevada.
Question 2 of 5
Which agency is responsible for licensing and regulating real estate salespersons and brokers in Nevada?
Answer: B. Real estate licensing in Nevada is administered by the Nevada Real Estate Division (NRED), which operates within the state's Department of Business and Industry.
Question 3 of 5
Which state agency is responsible for licensing and regulating real estate salespersons and brokers in Nevada?
Answer: B. The Nevada Real Estate Division (NRED), housed within the Department of Business and Industry, administers and enforces real estate licensing law in Nevada.
Question 4 of 5
Which Nevada agency is responsible for licensing real estate salespersons and brokers and enforcing the state's real estate license law?
Answer: A. The Nevada Real Estate Division (NRED), part of the Department of Business and Industry, administers the licensing and regulation of real estate licensees in Nevada. Trade associations like the Nevada Association of REALTORS are private membership groups, not licensing authorities.
Question 5 of 5
Which of the following is a prohibited act that can lead to discipline of a Nevada licensee?
Answer: B. Making a substantial misrepresentation, or a false promise of a character likely to influence or induce a party to act, is classic prohibited conduct subject to discipline. Promptly presenting offers, recommending an inspection, and disclosing agency are required or proper professional behaviors, not violations.
Keep the streak going with more questions like these, each with a full rationale.
Must-know rules
- Core disclosure: the 'Duties Owed by a Nevada Real Estate Licensee' form.
- It explains the duties a licensee owes to all parties and the added duties owed to a client.
- It must be provided to each party so they understand whom the licensee represents.
- A licensee may represent the seller, the buyer, or—with consent—act for both.
- Acting for both parties requires informed written consent from each.
- Confidential client information generally must not be disclosed without authorization.
- Licensees must deal honestly and in good faith with every party to a transaction.
- Agency status should be clarified early, before parties share sensitive information.
Nevada Agency Model Cheat Sheet: FAQs
Is Nevada Agency Model Cheat Sheet 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.
