STATE OF NEVADA
DEPARTMENT OF BUSINESS AND INDUSTRY
REAL ESTATE DIVISION
Revised: 03/20/2017 Page 1 of 8 560B
FORM 560B BUSINESS BROKER PRE-PERMIT EDUCATION
COURSE APPLICATION
Course to Meet the Educational Requirements for a Nevada Business Broker Permit
9. Course Title:
10. PL#:
*11. Instructor Names: 12. Location(s) of Offerings:
*Submit a completed instructor application form 635 for each instructor applicant named above.
13. Credit Hours Requested:
14. Course Fee: $
15. Number of Required Quizzes:
16. Number of Required Exams:
17. Minimum pass grade per test:
18. Final Pass Grade:
Minimum pass grade per NAC 645: 75%
Attach a copy of each quiz and examination, with the answer key or correct answers marked.
19. Required Texts and Other Readings for Course:
Title
Author
Publisher/Date
Date
Sponsor Information
1. Name of school/sponsor:
2. Mailing Address:
City, State & Zip:
3. Telephone:
Fax:
4. E-mail:
URL:
5. Name(s) of school owner(s):
6. Type of School (College, University, Adult Education, etc.):
Course Information
7. Approval period: July 1,
to June 30,
8. Permit Type:
Business Broker
Revised: 03/20/2017 Page 2 of 8 560B
20. Course Objectives:
21. Delivery Method: Live Instruction
Distance Education (select one delivery method below)
a. Correspondence
b. Internet
c. Other:
For distance education delivery only, complete and submit the forms below:
a. Distance Education Questionnaire (required, unless course delivery is ARELLO certified); and
b. Application for Secure Electronic Method of Administering Final Exam and/or Certificate of Test Proctor.
Retention of pre-permit records
Sponsor verifies that attendance records will be retained in accordance with NAC 645.404 at Sponsor’s
location address given below.
Written notice of any change in location must be given to the Real Estate Division, Education Section.
22. Address of location at which records will be held:
(City, State,Zip)
(Printed Name of Authorized Records Custodian)
(Signature of Authorized Records Custodian)
Regulatory Compliance
23. By signing and submitting this form to the Division, Sponsor agrees to comply with all Sponsor duties
including, but not limited to, using:
a. Attendance report form 740 or the information prescribed in the form, if applicable; and
b. Certificate of completion provided with course approval notification or the information prescribed in it.
Course application fee is $100 per application. Total amount enclosed : $
“I declare under penalty of perjury under the laws of the State of Nevada that the foregoing is true and correct.”
(Print Name)
Executed on
(Date)
(Signature of person authorized to submit application)
INCOMPLETE SUBMISSIONS COULD RESULT IN DELAY OR DENIAL OF APPLICATION.
COURSE APPLICATION FEE IS NON-REFUNDABLE.
Revised: 03/20/2017 Page 3 of 8 560B
BUSINESS BROKER PRE-PERMIT COURSE MODULE SHEET
(NAC 645.913)
CLASS TOPIC
SESSION NO.
REQUIRED HRS
1.Financial statements, including, without limitation:
8 Hours
Income statements, balance sheets and cash flow statements
Reformatting and recasting income statements and balance sheets
Terms and concepts used in financial statements
2. Valuation of a business, including, without limitation
6 Hours
Business value and alternative purchase offers
Cash equivalent value
Business purchase price and seller carry-back notes
Investment value and fair market value
Determining the value of goodwill
The significance of a business’ assets in creating market value
The market value of a franchised business
The rules of thumb of business valuation
3. Purchase offer and sale considerations, including, without limitation
6 Hours
Structuring the transaction
Describing the business
Asset sales and stock sales
Describing the tangible assets being acquired
Describing the goodwill being acquired
Including real property in the transaction
Describing the assets included in the purchase
Describing the assets excluded from the purchase
Cash on hand
Method and terms of payment
Assumption by the buyer of liabilities of the seller
Notification of creditors of the seller
Method for the calculation of the purchase price of a business when the
buyer of the business assumes the liabilities of the seller
Adjustments at the close of escrow to the liabilities of the seller assumed
by the buyer
Summarizing the structure of the transaction
4. Business brokerage and professional practices, including, without
limitation
4 Hours
Business opportunity contracts, agreements and disclosure forms
Marketing, preparing a business for sale and advertising a business for
sale
Understanding the significance of the “potential” of a business
Offering prospectus and confidentiality agreement
Issues of business brokerage compensation
Purchase offer and acceptance forms used for business opportunities
Business broker and business appraiser associations
PROVIDE A 2-3 POINT TIMED CONTENT OUTLINE TO REFLECT INFORMATION IN MODULE SHEET.
FOR TOPICS TESTED IN EXAM, GIVE APPROX. TIME (IN MINUTES) OR NUMBER OF ITEMS PER TOPIC.
Revised: 03/20/2017 Page 4 of 8 560B
DISTANCE EDUCATION QUESTIONNAIRE
MUST BE COMPLETED IF SPONSOR DOES NOT HAVE DISTANCE EDUCATION CERTIFICATION
See NAC 645.443
I. What is your mission statement?:
II. Describe the design of the course:
III. What are your procedures for updating the course:
IV. Describe the type and frequency of interactivity of the instruction with the students:
V. How does the instruction provided teach mastery of the materials?:
VI. What support services are available to students?:
VII. How was a time study of the range of instructional hours for this course completed?: Justify the
number of hours requested to be approved for this course.
Revised: 03/20/2017 Page 5 of 8 560B
DISTANCE EDUCATION QUESTIONNAIRE
Page 2
VIII. Describe and document how each module of instruction has:
a) At least one learning objective.
b) A structured learning method to enable the student to achieve the learning objective.
c) A method of assessment of the student’s performance during instruction.
d) A method of remediation if student is deficient in mastering the course material to repeat the
course until the student understands.
e) A complete syllabus or student instruction manual (or both) provided in written form which
includes accurate and clearly stated information about admissions, progression, completion,
criteria, dismissal and any applicable licensing requirements.
Revised: 03/20/2017 Page 6 of 8 560B
APPLICATION FOR SECURE ELECTRONIC METHOD OF ADMINISTERING
FINAL EXAM FOR DISTANCE EDUCATION COURSES
NAC 645.412 requires a closed book final examination. NAC 645.443 allows for a written final examination to
be administered by a secure electronic method in lieu of a proctored exam.
Describe your proposal for administering testing in electronic format. Your proposal should detail the
procedures, methods and components you plan to utilize to secure the electronic format and the test security to
assure that the person testing is the student.
Describe the elements and procedures you plan to utilize in grading the exam. Describe how the student will be
notified of a pass or fail grade. What will be necessary for the student to re-test?
Provide copies of exam(s) and answer key(s) NAC 645.403.9.
Revised: 03/20/2017 Page 7 of 8 560B
CERTIFICATE OF TEST PROCTOR
Proctor Verification
Submitting this completed form will allow
to release the exam to the proctor via fax.
(Name of school)
Nevada Administrative Code (NAC) 645.412 requires that a student who enrolls in a distance education program must pass a
proctored, closed-book final examination. The proctor (someone over 18 who is not related to the student / see section 1 below) must
complete this form and fax the completed form to
.
(Name of school) (Phone Number)
All proctor signatures are required to be notarized. This insures the proctor is a real and valid person. All sections of this form must
be completed for a test to be sent to the proctor.
Instructions to proctor: Complete this form then email or fax the form
will email or fax the exam to be proctored
(Name of school)
Name of the course taken
(Use the students receipt or the title of the workbooks)
Name of the student taking the test
The proctor certifies that:
1. I am a disinterested third party in the administration of this examination. I am not related by blood, marriage or any other
relationship to the examinee that would influence me from properly administering the examination. I am not a real estate
licensee nor am I affiliated with a real estate brokerage firm.
2. The student taking the exam will show me positive photo identification prior to taking and completing the examination.
3. The enclosed examination will be administered under my supervision on the following date: ___________________.
4. The student received no assistance in taking the examination.
5. The test should be sent to my attention at: Fax ____________ or Email __________________________________ .
6. may contact me with questions via phone at the following number: _________________.
(Name of school)
7. I will not permit the examination to be compromised, copied, or recorded in any way or by any method.
8. After examination is administered, I will fax/email completed examination to your school.
Printed Name of Proctor Signature of Proctor
Address City State Zip
State of _______________ } (Notary Seal)
}SS
County of _______________ }
Subscribed and sworn to before me this _____ day of _______________, 20____.
________________________________ My appointment expires on _______________.
Public Notary
Revised: 03/20/2017 Page 8 of 8 560B
Form 560B Checklist
Sponsor
Checkbox
Check for all items that have been completed, are included or
applicable before submitting application to the Division.
NRED
Checkbox
Sponsor Information completed
Course Information completed
Course objectives
Delivery Method
Retention of Records completed and signed
$100 Fee
Form 560B completed, signed and dated
Course Module Sheet completed with timelines
Instructor Applications (resumes, licenses, certificates, etc.)
ARELLO Certification or Distance Education Questionnaire
Application for Secure Electronic Method of Administering
Final Exam (if applicable)
Certificate of Proctor (if applicable)
CPE License or Exemption
Timed 2 to 3 point Content Outline
Course Materials (plus videos/CDs as applicable)
Sample Student Handouts
Sample Refund/Cancellation Policy
Description of physical facility (if applicable)
Copyright Authorization Letter (if applicable)
Exams, Quizzes and Answers
Submit completed application, with materials and fee to:
Education Section, Real Estate Division
3300 W. Sahara Ave., Suite 350, Las Vegas, Nevada 89102
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FOR NRED INTERNAL USE ONLY
Duplicate Course: Yes No PL# ____________ Duplicate Title: Yes No PL# _____________
Application complete and accepted: Yes No Date: __________________ Initials: _________