NAC645.210. Scope of examination.

The examination for salespersons may be a different examination from the examination for brokers. Each of the examinations will consist of questions covering any or all of the following subjects:

     1. Principles:

     (a) Contract law;

     (b) Real estate law and conveyancing;

     (c) Listing property and services to the seller;

     (d) Selling property and services to the buyer; and

     (e) Deposits.

     2. Practices:

     (a) Land economics and appraising;

     (b) Land descriptions;

     (c) Financing and insurance;

     (d) Mathematics;

     (e) Escrows and closings;

     (f) Subdivisions and developments;

     (g) Property management;

     (h) Environmental issues; and

     (i) Tax issues that affect real estate ownership.

     3. Procedures and ethics:

     (a) NRS 113.060 to 113.150, inclusive, 116.4109 and 116.41095, and chapters 119, 119A, 119B and 645 of NRS and the regulations adopted pursuant to them;

     (b) Federal laws, including, without limitation:

          (1) Fair Housing Act, 42 U.S.C. §§ 3601 et seq.;

          (2) Interstate Land Sales Full Disclosure Act, 15 U.S.C. §§ 1701 et seq.;

          (3) Truth in Lending Act, 15 U.S.C. §§ 1601 et seq.;

          (4) Americans with Disabilities Act of 1990, 42 U.S.C. §§ 12101 et seq.;

          (5) Real Estate Settlement Procedures Act, 12 U.S.C. §§ 2601 et seq.;

          (6) Equal Credit Opportunity Act, 15 U.S.C. §§ 1691 et seq.; and

          (7) The Residential Lead-Based Paint Exposure Reduction Act of 1992, 42 U.S.C. §§ 4851 et seq.; and

     (c) Real estate brokerage and ethics, professional responsibility, fair practice and the duties listed in any form prepared by the Division pursuant to NRS 645.193. A copy of a form prepared by the Division pursuant to NRS 645.193 may be obtained from the Division.

     [Real Estate Adv. Comm’n, § IV subsec. 2, eff. 10-31-75]—(NAC A by Real Estate Comm’n by R146-99, 1-21-2000)