Yes, it is a very uncommon endgame to actually have on the board, but knowing which endgames are won and which ones are drawn should play a role when making concrete tactical decisions on trading down.
And just knowing that K+2N vs K is theoretically drawn takes less than 5 seconds to learn, aquiring that tiny bit of knowledge is totally different from learning how to actually win K+N+B in under 50 moves, which is quite difficult to do unless learned well.
So I'm not sure where that comparison comes from.
Maybe chess federations give out a NM title just for crossing a specific rating barrier, and grats to you for being talented enough to make that.
But imho that does not mean you should not aspire to have a good theoretical knowledge about the game you claim to be some kind of "master" in.
Several beginners have asked me which is the minimum amount of material to be able to force a win in an endgame, and I would have been embarrassed not to be able to answer that at least theoretically, and I'm nowhere near any master title and never will be. Now imagine them asking a supposed master about that...
You should have more pride than that.
Somewhere out there is a NM who is studying endgames deeply right now, and you will have to compete with him or her for further advancement into the ranks of players who actually can earn good money with their chess skills. If you want to call yourself a master of anything, there really is no excuse for being lazy.
What a fool. As IM Silman says, B+N v. K is extremely rare. He himself has never done it, and in fact, it has occoured under 1000 times in chess. If my sources are wrong, I'm not to blame.
I don't mean any offense, but I find it funny to see someone rated 1258 in blitz (after well over 1,000 games!) trying to call out an NM on chess knowledge.
The NM might not have known about the objective evaluation of an extremely obscure endgame that may never occur in his/her life. Too bad.
The NM does know about things that actually matter, like how to play openings and middlegames and probably a hell of a lot of tactics.
So if you want to spend your time working out endings that will never happen, instead of focusing on the tactics, middlegames, and openings that will actually be relevant in your chess career, then so be it! But this is why one of the aforementioned players is a NM and the other is a Class D player.
Just my $0.02