NAC645.440. Courses required for original licensing: Approval of school; acceptance without prior approval of school.

     1. Except as otherwise provided in subsection 2, before any school offers or conducts a course of instruction designed to fulfill the educational requirements for issuance of an original license under chapter 645 of NRS, the school must be approved by the Commission.

     2. Unless the course is a course in broker management, the Commission may accept such a course from any of the following schools without prior approval of the school:

     (a) Any university, school or community college of the Nevada System of Higher Education, or other university or college bearing the same or equivalent accreditation.

     (b) Any other school offering a course in real estate, business or economics if the course is:

          (1) Approved by any real estate commission or division in any state of the United States or province of Canada; or

          (2) In the judgment of the Commission, equivalent in quality to the courses of colleges or universities accredited by any regional accrediting agency recognized by the United States Department of Education.

     (c) The American Institute of Real Estate Appraisers, the American Society of Appraisers, the Appraisal Institute, the International Association of Assessing Officers or the Society of Real Estate Appraisers for courses in real estate appraisal consisting of not less than 45 hours of instruction. Forty-five hours of instruction shall be deemed to be the equivalent of 3 semester credits in appraisal.

     [Real Estate Adv. Comm’n, § X subsec. B par. 1, eff. 1-4-78; § X subsec. F part par. 7, eff. 4-20-78]—(NAC A by Real Estate Comm’n, 8-21-81; 12-16-82; 12-27-91; R092-00, 8-29-2000, eff. 1-1-2001; R031-04, 11-30-2004)