Which of the following statements about Nevada real estate licensing is NOT true?

In the context of Nevada real estate licensing, the statement that only brokers can conduct property sales is not accurate. In Nevada, salespeople (also referred to as agents) are also permitted to conduct property sales, provided they work under the supervision and direction of a licensed broker. This distinction is crucial as it delineates the roles within the real estate profession, where both brokers and salespeople are involved in real estate transactions.

The other statements are true regarding Nevada real estate licensing. Brokers indeed must maintain a physical office in the state to properly operate within the jurisdiction. All individuals seeking a real estate license in Nevada are required to pass the state examination to ensure they have a comprehensive understanding of real estate laws and practices. Additionally, licenses in Nevada must be renewed every two years as part of maintaining current standing with regulatory requirements. Hence, the correct understanding of who can engage in property sales distinguishes this particular statement as untrue.