A single licensee may act as an agent for both buyer and seller only with the prior written consent of both parties (assigned/dual-style representation).
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
- Nevada uses written brokerage agreements and a mandatory "Duties Owed by a Nevada Real Estate Licensee" disclosure given to clients.
- Statutory duties owed to all parties include honesty, fairness, good faith, and disclosure of material facts the licensee knows.
- A licensee who represents a client owes added duties such as exercising reasonable skill and care, promoting the client's interests, and protecting confidential information.
- A single licensee may act as an agent for both buyer and seller only with the prior written consent of both parties (assigned/dual-style representation).
- When acting for both sides, the licensee must give a "Consent to Act" disclosure and obtain written consent from each party.
- Disclosures of representation and duties must generally be provided before the parties become bound, at the appropriate point in the transaction.
- Confidential information must be protected unless disclosure is required by law or authorized by the client.
- Material facts about the property and transaction must be disclosed regardless of which party the licensee represents.
Nevada Agency Model Quick Reference: FAQs
Is Nevada Agency Model Quick Reference 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.
