reglab/housing_qa huggingface dataset:
NV Rev Stat § 645.780 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.780 - Expiration of licenses; length of license periods; additional fees for electronic renewal.

  1. Each license issued under the provisions of this chapter expires at midnight on the last day of the last month of the applicable license period for the license.  2. The initial license period for an original license as a real estate broker, broker-salesperson or salesperson is a period of 12 consecutive months beginning on the first day of the first calendar month after the original license is issued by the Division. Thereafter, each subsequent license period is a period of 24 consecutive months beginning on the first day of the first calendar month after a renewal of the license is issued by the Division for the subsequent license period.  3. For all other licenses, the license period is a period of 24 consecutive months beginning on the first day of the first calendar month after the license or any renewal of the license is issued by the Division, unless a specific statute:  (a) Provides for a different license period; or  (b) Expressly authorizes a different license period to be provided for by regulation.  4. The Division may:  (a) Create and maintain a secure website on the Internet through which each license, permit, certificate or registration issued pursuant to the provisions of this chapter may be renewed; and  (b) For each license, permit, certificate or registration renewed through the use of a website created and maintained pursuant to paragraph (a), charge a fee in addition to any other fee provided for pursuant to this chapter which must not exceed the actual cost to the Division for providing that service.  [Part 19:150:1947; A 1949, 433; 1955, 77] — (NRS A 1963, 334; 1969, 565; 1973, 1104; 1975, 1554; 1977, 1316; 2003, 1294; 2007, 584; 2009, 1939; 2015, 2781)
NV Rev Stat § 645.785 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.785 - Effect of failure to renew license or permit; increased fee for late renewal.

  1. If a licensee fails to apply for a renewal of his or her license before the date of the expiration thereof, no license may be issued to the licensee except upon another application for an original license, except that within 1 year of such expiration a renewal may be issued upon payment of a fee in the amount of $100, in addition to the amount otherwise required for renewal.  2. If a licensee fails to apply for a renewal of his or her permit before the date of the expiration thereof, no permit may be issued to the licensee except upon another application for an original permit, except that within 1 year of such expiration a renewal may be issued upon payment of a fee in the amount of $20, in addition to the amount otherwise required for renewal and compliance with any other requirement for renewal pursuant to NRS 645.6052 or 645.863.  [Part 19:150:1947; A 1949, 433; 1955, 77] — (NRS A 1975, 1555; 2013, 1025)
NV Rev Stat § 645.841 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.841 - "Fund" defined.

As used in NRS 645.841 to 645.8494, inclusive, "Fund" means the Real Estate Education, Research and Recovery Fund.  (Added to NRS by 1967, 1043)
NV Rev Stat § 645.842 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.842 - Creation; use; balances; interest and income.

  1. The Real Estate Education, Research and Recovery Fund is hereby created as a special revenue fund.  2. A balance of not less than $300,000 must be maintained in the Fund, to be used for satisfying claims against persons licensed under this chapter, as provided in NRS 645.841 to 645.8494, inclusive. Any balance over $300,000 remaining in the Fund at the end of any fiscal year must be set aside and used:  (a) By the Administrator, after approval of the Commission, for real estate education and research; or  (b) For any other purpose authorized by the Legislature.  3. The interest and income earned on the money in the Fund, after deducting any applicable charges, must be credited to the Fund.  (Added to NRS by 1967, 1043; A 1973, 1763; 1979, 119; 1981, 1615; 2003, 1296; 2005, 665; 2010, 26th Special Session, 24)
NV Rev Stat § 645.843 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.843 - Payment of additional fee by licensee for augmentation of Fund.

  1. Upon application for or renewal of every real estate broker’s, broker-salesperson’s and salesperson’s license, every licensed broker, broker-salesperson and salesperson shall pay in addition to the original or renewal fee, a fee for real estate education, research and recovery. The additional fee must be deposited in the State Treasury for credit to the Real Estate Education, Research and Recovery Fund, and must be used solely for the purposes provided in NRS 645.841 to 645.8494, inclusive.  2. Owner-developers need not contribute to the Fund.  (Added to NRS by 1967, 1044; A 1969, 566; 1973, 1105, 1764; 1975, 1643; 1977, 1318; 1979, 119, 1555; 1981, 1615; 1985, 1275)
NV Rev Stat § 645.845 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.845 - Administrator may answer petition for recovery; effect of judgment; compromise of claim.

  1. Whenever the court proceeds upon a petition as provided in NRS 645.844, the Administrator may answer and defend any such action against the Fund on behalf of the Fund and may use any appropriate method of review on behalf of the Fund. The judgment debtor may answer and defend any such action on his or her own behalf.  2. Unless the judgment was entered by default, consent or stipulation or the case was uncontested, the judgment set forth in the petition is prima facie evidence but the findings of fact therein are not conclusive for the purposes of NRS 645.841 to 645.8494, inclusive.  3. The Administrator may, subject to court approval, compromise a claim based upon the application of a petitioner. The Administrator shall not be bound by any prior compromise of the judgment debtor.  (Added to NRS by 1967, 1044; A 1985, 1277)
NV Rev Stat § 645.846 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.846 - Court order requiring payment from Fund.

If the court finds after the hearing that the claim should be levied against the portion of the Fund allocated for the purpose of carrying out the provisions of NRS 645.841 to 645.8494, inclusive, the court shall enter an order directed to the Administrator requiring payment from the Fund of whatever sum it finds to be payable upon the claim pursuant to the provisions of and in accordance with the limitations contained in NRS 645.841 to 645.8494, inclusive.  (Added to NRS by 1967, 1045)
NV Rev Stat § 645.847 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.847 - Automatic suspension of license upon payment from Fund; conditions for reinstatement of license.

If the Administrator pays from the Fund any amount in settlement of a claim or towards satisfaction of a judgment against a licensee, the licensee’s license issued pursuant to this chapter and chapter 119 of NRS must be automatically suspended upon the effective date of an order by the court authorizing payment from the Fund. The license of the broker, broker-salesperson or salesperson may not be reinstated and no other license may be granted to him or her pursuant to this chapter until he or she has repaid in full, plus interest at a rate equal to the prime rate at the largest bank in Nevada, as ascertained by the Commissioner of Financial Institutions, on January 1 or July 1, as the case may be, immediately preceding the date of judgment, plus 2 percent, the amount paid from the Fund on his or her account. Interest is computed from the date payment from the Fund was made by the Administrator and the rate must be adjusted accordingly on each January 1 and July 1 thereafter until the judgment is satisfied.  (Added to NRS by 1967, 1045; A 1973, 1765; 1979, 1556; 1981, 1616; 1985, 1277; 1987, 942)
NV Rev Stat § 645.848 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.848 - Distribution of payment from Fund if claims exceed maximum liability of Fund; order of payment of claims if balance of Fund insufficient; interest; use of certain money deposited in Fund.

  1. Whenever claims are filed against the Fund which total more than the maximum liability for the acts of one licensee, the maximum liability of the Fund for each licensee must be distributed among the claimants in a ratio that their respective claims bear to the total of all claims, or in any other manner that the court may find equitable.  2. The distribution must be made without regard to the order of priority in which claims were filed or judgments entered.  3. Upon petition of the Administrator, the court may require all claimants and prospective claimants to be joined in one action so that the respective rights of all claimants may be equitably determined.  4. If, at any time, the money deposited in the Fund and allotted for satisfying claims against licensees is insufficient to satisfy any authorized claim or portion thereof, the Administrator shall, when sufficient money has been deposited in the Fund, satisfy the unpaid claims or portions thereof, in the order that the claims or portions thereof were originally filed, plus accumulated interest at the rate of 6 percent per annum. Any sums received by the Division pursuant to NRS 645.847 and 645.8491 must be deposited in the State Treasury for credit to the account for education and research in the Fund.  (Added to NRS by 1967, 1045; A 1973, 1765; 1975, 1556; 1979, 1556; 1985, 1277)
NV Rev Stat § 645.8491 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.8491 - Administrator subrogated to rights of judgment creditor; deposit of money recovered.

When the Administrator has paid from the Fund any money to the judgment creditor, the Administrator is subrogated to all other rights of the judgment creditor to the extent of the amount paid and any amount and interest so recovered by the Administrator on the judgment must be deposited in the State Treasury for credit to the Fund.  (Added to NRS by 1967, 1045; A 1985, 1278)
NV Rev Stat § 645.8492 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.8492 - Waiver of rights.

The failure of a person to comply with any of the provisions of NRS 645.841 to 645.8494, inclusive, shall constitute a waiver of any rights hereunder.  (Added to NRS by 1967, 1045; A 1973, 1765)
NV Rev Stat § 645.8494 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.8494 - Disciplinary action against licensee not restricted.

Nothing contained in NRS 645.841 to 645.8494, inclusive, limits the authority of the Commission to take disciplinary action against a licensee for a violation for any of the provisions of this chapter, or of the rules and regulations of the Commission, nor shall the repayment in full of all obligations to the Fund by any licensee nullify or modify the effect of any other disciplinary proceeding brought pursuant to the provisions of this chapter or the rules and regulations promulgated thereunder.  (Added to NRS by 1967, 1046)
NV Rev Stat § 645.863 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.863 - Permit to engage in business as business broker: Persons eligible; requirements; continuing education; expiration; renewal; regulations.

  1. A person who is licensed as a real estate broker, real estate broker-salesperson or real estate salesperson pursuant to this chapter may apply to the Real Estate Division for a permit to engage in business as a business broker.  2. An applicant for a permit must:  (a) Provide proof satisfactory to the Real Estate Division that the applicant has successfully completed at least 24 hours of instruction relating to business brokerage; and  (b) Comply with any other requirements for the issuance of a permit established by the Commission.  3. A permit expires on the same date as the license of the holder of the permit expires. A permit may be renewed at the time that a person licensed pursuant to this chapter applies for renewal of his or her license.  4. An applicant for the renewal of a permit must:  (a) Provide proof satisfactory to the Real Estate Division that the applicant has successfully completed at least 3 hours of continuing education required for the renewal of his or her license pursuant to the regulations adopted by the Commission pursuant to NRS 645.575 in an approved educational course, seminar or conference relating to business brokerage.  (b) Comply with any other requirements for renewal of a permit established by the Commission.  5. The Commission shall adopt such regulations as are necessary to carry out the provisions of this section. The regulations must include, without limitation, provisions that establish:  (a) Requirements for the issuance or renewal of a permit.  (b) Fees for:  (1) The issuance or renewal of a permit;  (2) The cost of any examination required of an applicant for a permit, including, without limitation, any costs which are necessary for the administration of an examination; and  (3) The cost of any investigation of an applicant for a permit.  (c) Standards of education for the approval of a course of instruction to qualify an applicant for the issuance or renewal of a permit.  (Added to NRS by 2005, 646; A 2007, 1544)
NV Rev Stat § 645.865 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.865 - Permit to engage in business as business broker: Requirements for certain organizations.

  1. To engage in business as a business broker in this State:  (a) A partnership shall designate one of its members;  (b) A corporation shall designate one of its officers or employees;  (c) A limited-liability company shall designate its manager; and  (d) A real estate broker who conducts business as a sole proprietor shall designate himself or herself or a person who is licensed under the real estate broker,  to submit an application for a permit pursuant to NRS 645.863. The partnership, corporation, limited-liability company or sole proprietor shall not engage in business as a business broker unless the person so designated has been issued such a permit.  2. If the person designated to apply for a permit meets the qualifications for a permit set forth in NRS 645.863, the Real Estate Division shall issue to that person a permit to engage in business as a business broker on behalf of the partnership, corporation, limited-liability company or sole proprietor.  3. A person to whom such a permit has been issued may act as a business broker pursuant to the permit only on behalf of the partnership, corporation, limited-liability company or sole proprietor, and not on his or her own behalf. If that person ceases to be connected or associated with the partnership, corporation, limited-liability company or sole proprietor, the partnership, corporation, limited-liability company or sole proprietor shall designate another person who meets the qualifications for a permit set forth in NRS 645.863 to hold the permit on behalf of the partnership, corporation, limited-liability company or sole proprietor.  4. Any member, officer or employee of a partnership, corporation, limited-liability company or sole proprietor, other than the person designated as the business broker pursuant to subsection 1, who wishes to engage in business as a business broker must apply in his or her own name for a permit. Pursuant to such a permit, the member, officer or employee of a partnership, corporation, limited-liability company or sole proprietor may act as a business broker only as an officer, agent or employee of the partnership, corporation, limited-liability company or sole proprietor, and not on his or her own behalf.  (Added to NRS by 2005, 647)
NV Rev Stat § 645.867 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.867 - Designated business brokers: Requirements; qualifications; duties.

  1. If a real estate broker does not hold a permit to engage in business as a business broker but intends to have the activities of a business broker conducted at an office, the real estate broker must:  (a) Appoint a person, who has the qualifications required by this section, as the designated business broker for the office to supervise the activities of a business broker conducted at the office; and  (b) Submit notice of the appointment to the Division.  2. The designated business broker for an office must be a natural person who:  (a) Holds a license as a real estate broker or real estate broker-salesperson;  (b) Holds a permit to engage in business as a business broker; and  (c) Has 2 years active experience, within the 4 years immediately preceding the date of the appointment, in conducting the activities of a business broker in the United States as a licensed real estate broker, real estate broker-salesperson or real estate salesperson.  3. While acting as the designated business broker for an office, the person:  (a) Must comply with all applicable provisions of this chapter; and  (b) Is subject to all the remedies and penalties provided for in this chapter.  (Added to NRS by 2005, 647)
NV Rev Stat § 645.8701 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.8701 - Definitions.

As used in NRS 645.8701 to 645.8811, inclusive, unless the context otherwise requires, the words and terms defined in NRS 645.8705 to 645.8741, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1999, 1174)
NV Rev Stat § 645.8705 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.8705 - "Brokerage agreement" defined.

Brokerage agreement means a written contract between an owner and a real estate broker in which the owner agrees to pay a commission to the real estate broker for services provided by the broker relating to the disposition of commercial real estate as specified in the agreement.  (Added to NRS by 1999, 1174)
NV Rev Stat § 645.8711 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.8711 - "Commercial real estate" defined.

Commercial real estate means any real estate located in this State. The term does not include:  1. Improved real estate that consists of not more than four residential units;  2. Unimproved real estate for which not more than four residential units may be developed or constructed pursuant to any zoning regulations or any development plan applicable to the real estate; or  3. A single-family residential unit, including a condominium, townhouse or home within a subdivision, if the unit is sold, leased or otherwise conveyed unit by unit, regardless of whether the unit is part of a larger building or parcel that consists of more than four units.  (Added to NRS by 1999, 1174)
NV Rev Stat § 645.8715 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.8715 - "Commission" defined.

Commission means any fee or other compensation agreed upon by a real estate broker and an owner specified in a brokerage agreement.  (Added to NRS by 1999, 1175)
NV Rev Stat § 645.8721 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.8721 - "Disposition" defined.

Disposition means a voluntary conveyance or other transfer of title or any interest of an owner in any commercial real estate specified in a brokerage agreement.  (Added to NRS by 1999, 1175)
NV Rev Stat § 645.8725 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.8725 - "Escrow" defined.

Escrow has the meaning ascribed to it in NRS 645A.010.  (Added to NRS by 1999, 1175; A 2011, 3595; 2015, 2790)
NV Rev Stat § 645.8731 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.8731 - "Escrow agent" defined.

Escrow agent has the meaning ascribed to it in NRS 645A.010.  (Added to NRS by 1999, 1175; A 2011, 3595; 2015, 2790)
NV Rev Stat § 645.8735 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.8735 - "Owner" defined.

Owner means a person who holds legal title to or any interest in any commercial real estate that is described in a brokerage agreement, including, without limitation, any assignee in interest and any agent of a person. The term does not include a mortgagee, trustee under or beneficiary of a deed of trust or an owner or holder of a claim that encumbers any real estate or any improvement on that real estate.  (Added to NRS by 1999, 1175)
NV Rev Stat § 645.8741 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.8741 - "Owner’s net proceeds" defined.

Owner’s net proceeds means the gross receipts to which an owner is entitled upon the disposition of any commercial real estate specified in a brokerage agreement. The term does not include:  1. Any money that is required to pay an encumbrance, claim or lien that has priority over a claim recorded pursuant to the provisions of NRS 645.8775 other than an encumbrance, claim or lien that the person to whom the commercial real estate is conveyed or otherwise transferred authorizes to remain after the disposition of the real estate; or  2. Any costs incurred by the owner to close escrow for that commercial real estate.  (Added to NRS by 1999, 1175)
NV Rev Stat § 645.8761 (2021)
2021 Nevada Revised Statutes|Chapter 645 - Real Estate Brokers and Salespersons|NRS 645.8761 - Broker has claim upon owner’s net proceeds for earned commissions; conditions and limitations on enforcement of claim; waiver; inapplicability to third-party claims; obligation to close escrow unaffected by claim.

  1. A real estate broker has a claim upon the owner’s net proceeds from the disposition of commercial real estate for any commission earned by the real estate broker pursuant to a brokerage agreement. For the purposes of this subsection, a commission shall be deemed to be earned when the real estate broker has performed his or her duties pursuant to the brokerage agreement.  2. The claim belongs to the real estate broker named in the brokerage agreement and not to an employee or independent contractor of the real estate broker.  3. A claim that is recorded pursuant to the provisions of NRS 645.8775:  (a) Is a claim upon personal property and does not attach to the title of any real property.  (b) May be waived if, on or before the date the brokerage agreement is executed, the real estate broker signs a written waiver of the real estate broker’s right to enforce the claim. The waiver must be printed in uppercase letters and must be limited to one transaction. A person other than the real estate broker may not waive the rights of the real estate broker pursuant to this section, regardless of whether that person may execute and bind the real estate broker to a brokerage agreement.  (c) May not be enforced by a person other than the real estate broker and the owner.  4. A claim of a third party may not be brought or otherwise adjudicated pursuant to the provisions of NRS 645.8701 to 645.8811, inclusive.  5. The recording or enforcement of a claim by a real estate broker pursuant to the provisions of NRS 645.8701 to 645.8811, inclusive, does not relieve the owner of his or her obligation to close escrow for any commercial real estate.  (Added to NRS by 1999, 1175)