Section 645.4442 - Courses required for first-time licensees; exempt licensees; standards for courses; effect of noncompliance1. Except as otherwise provided in subsection 2, each first-time licensee shall take a prescribed course of postlicensing education that focuses on practical applications of real estate transactions. The course: (a) Must not repeat the content of the course work required to meet the educational requirements for an original license;(b) Must constitute the education required to be completed by a licensee within the first year immediately after initial licensing pursuant to NRS 645.575;(c) Must be offered in modules;(d) Must be provided through live instruction ; and(e) Must provide the Division with proof of completion within the first year immediately after initial licensing.2. The requirement for postlicensing education set forth in subsection 1 does not apply to a first-time licensee who:(a) Holds a real estate license issued by another state or territory of the United States, or the District of Columbia, on the date on which the first-time licensee obtains a real estate license issued by the State of Nevada;(b) Held a license as a real estate broker, real estate broker-salesperson or real estate salesperson issued by the State of Nevada within the 5 years immediately preceding the date on which the first-time licensee obtained a license as a real estate salesperson; or(c) Is licensed as a real estate broker-salesperson and obtained the qualifications for licensure as a real estate broker-salesperson pursuant to the provisions of subsection 4 of NRS 645.343.3. The course of postlicensing education may include material that has not previously been approved or allowed for continuing education credit. Courses approved for postlicensing education will not be accepted or approved as a course for continuing education.4. The curriculum for postlicensing education must contain at least 15 modules that include, without limitation: (a) Real estate contracts, including the writing and presenting of a purchase agreement and qualifying prospects;(b) The listing process, market analysis and inspections;(c) Communication, technology and records management, including time management, goal setting and devising a plan of action;(d) Buyer representation, including the buyer's brokerage contract, fiduciary duties, disclosures, cooperation between agents and new-home tracts;(e) Professional conduct, etiquette and ethics;(f) Advertising, including Regulation Z of the Truth in Lending Act of the Federal Trade Commission issued by the Board of Governors of the Federal Reserve System, 12 C.F.R. Part 226, fair housing, the multiple-listing service, Internet websites and electronic mail;(g) Proceeds of sale, costs of sale and cost sheets;(h) Agency relationships;(j) Regulatory disclosures, including disclosures required by federal, state and local governments;(k) Property management, but not the management of common-interest communities;(l) Escrow, title and closing processes;(o) Tax opportunities and liabilities related to the client.Nev. Admin. Code § 645.4442
Added to NAC by Real Estate Comm'n by R031-04, 11-30-2004, eff. 1-1-2006; A by R123-06, 6-1-2006; R093-10, 5-30-2012; A by R060-20A, eff. 12/29/2020; A by R199-22A, eff. 6/4/2024