NAC645.435. Course required to obtain original license as salesperson.

     1. A course of instruction in real estate principles, practices, procedures, law and ethics which is designed to meet the educational requirements of an applicant for an original license as a salesperson must consist of:

     (a) At least 90 hours of classroom lectures; or

     (b) The equivalent in a correspondence or extension course.

     2. The content of the course must be divided among subjects listed in NAC 645.210, including:

     (a) At least 45 hours on the principles and practices of real estate, which must include:

          (1) Brokerage and laws of agency, 21 hours.

          (2) Valuation and economics, 12 hours.

          (3) Finance, 12 hours.

     (b) At least 45 hours on the law of property and the regulation of brokers and salespersons and the ethics of selling real estate, which must include:

          (1) Ownership, transfer and use of property, 25 hours.

          (2) Chapters 113, 116, 119, 119A, 645, 645C and 645D of NRS and the regulations adopted pursuant thereto, 18 hours.

          (3) Applied practice and statutory disclosures, 2 hours.

     [Real Estate Adv. Comm’n, § X subsecs. 1 & 2, eff. 10-31-75; A and renumbered subsec. A pars. 1 & 2, 1-4-78]—(NAC A by Real Estate Comm’n, 8-21-81; 12-16-82; 6-3-86; R031-04, 11-30-2004)