reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.660 - Knowledge of associate or employer of violation by licensee or employee; penalties.

1. Any unlawful act or violation of any of the provisions of this chapter by any licensee is not cause to suspend, revoke or deny the renewal of the license of any person associated with the licensee, unless it appears to the satisfaction of the Commission that the associate knew or should have known thereof. A course of dealing shown to have been persistently and consistently followed by any licensee constitutes prima facie evidence of such knowledge upon the part of the associate.
2. If it appears that a registered owner-developer knew or should have known of any unlawful act or violation on the part of a real estate broker, broker-salesperson or salesperson employed by the registered owner-developer, in the course of his or her employment, the Commission may suspend, revoke or deny the renewal of the registered owner-developer’s registration and may assess a civil penalty of not more than $5,000.
3. The Commission may suspend, revoke or deny the renewal of the license of a real estate broker and may assess a civil penalty of not more than $5,000 against the broker if it appears he or she has failed to maintain adequate supervision of a salesperson or broker-salesperson associated with the broker and that person commits any unlawful act or violates any of the provisions of this chapter.
[Part 20:150:1947; 1943 NCL § 6396.20]—(NRS A 1975, 1552, 1642; 1979, 1551; 1981, 1612; 1985, 1271; 1993, 891; 2001, 523)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.670 - Effect on limited-liability company, partnership or corporation of revocation or suspension of license of manager, partner or officer; termination of suspension or reinstatement of license.

In the event of the revocation or suspension of the license issued to a manager of a limited-liability company, a member of a partnership or to any officer of a corporation, the limited-liability company, partnership or corporation shall not conduct business unless the manager or member whose license has been revoked is severed and his or her interest in the limited-liability company or partnership and his or her share in its activities brought to an end, or if a corporation, the offending officer is discharged and has no further participation in its activities. The discharged or withdrawing manager, member or officer of such a limited-liability company, partnership or corporation may reassume his or her connection with, or be reengaged by the limited-liability company, partnership or corporation, upon termination of the suspension or upon reinstatement of his or her license.
[Part 20:150:1947; 1943 NCL § 6396.20]—(NRS A 1975, 1553; 1979, 1551; 1985, 1271; 1997, 170)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.675 - Investigations, disciplinary or other proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license, permit or registration.

The expiration or revocation of a license, permit or registration by operation of law or by order or decision of the Commission or a court of competent jurisdiction, or the voluntary surrender of a license, permit or registration by a real estate broker, real estate broker-salesperson, real estate salesperson, property manager or owner-developer does not:
1. Prohibit the Administrator, Commission or Division from initiating or continuing an investigation of, or action or disciplinary proceeding against, the real estate broker, real estate broker-salesperson, real estate salesperson, property manager or owner-developer as authorized pursuant to the provisions of this chapter or the regulations adopted pursuant thereto; or
2. Prevent the imposition or collection of any fine or penalty authorized pursuant to the provisions of this chapter or the regulations adopted pursuant thereto against the real estate broker, real estate broker-salesperson, real estate salesperson, property manager or owner-developer.
(Added to NRS by 2001, 521)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.680 - Revocation, suspension or denial of renewal of license, permit or registration: Complaint; notice of hearing.

1. The procedure set forth in this section and NRS 645.690 must be followed before the Commission revokes, suspends or denies the renewal of any license, permit or registration of an owner-developer issued pursuant to this chapter.
2. Upon the initiation of a complaint by the Administrator, the matter must be set for a hearing by the Administrator, who shall schedule a hearing before the Commission, and the licensee, permittee or owner-developer is entitled to be heard thereon in person or by counsel.
3. The Commission shall hold the hearing within 90 days after the filing of a complaint by the Administrator. The time of the hearing may be continued upon the motion of the Commission or at the discretion of the Commission, upon the written request of the licensee, permittee or owner-developer or of the Division for good cause shown.
4. The licensee, permittee or owner-developer must be given at least 30 days’ notice in writing by the Division of the date, time and place of the hearing together with a copy of the complaint and copies of all communications, reports, affidavits or depositions in possession of the Division relevant to the complaint. The Division may present evidence obtained after the notice only if the Division shows that the evidence was not available after diligent investigation before the time notice was given to the licensee, permittee or owner-developer and that the evidence was given or communicated to the licensee, permittee or owner-developer immediately after it was obtained.
5. Notice is complete upon delivery personally to the licensee, permittee or owner-developer or by mailing by certified mail to the last known address of the licensee, permittee or owner-developer. If the licensee is a broker-salesperson or salesperson, the Division shall also notify the broker with whom he or she is associated, or the owner-developer by whom he or she is employed, by mailing an exact statement of the charges and the date, time and place of the hearing by certified mail to the owner-developer or broker’s last known address.
[Part 21:150:1947; A 1955, 19]—(NRS A 1957, 339; 1963, 675; 1969, 95; 1971, 453; 1975, 1553; 1979, 1551; 1981, 1329; 1983, 166; 1985, 1271; 2001, 523)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.685 - Revocation, suspension or denial of renewal of license, permit or registration: Answer; limitations on time of commencing proceeding.

1. The licensee, permittee or owner-developer shall file an answer to the charges with the Commission not later than 30 days after service of the notice and other documents described in subsection 4 of NRS 645.680. The answer must contain an admission or denial of the allegations contained in the complaint and any defenses upon which the licensee, permittee or owner-developer will rely. If no answer is filed within the period described in this subsection, the Division may, after notice to the licensee, permittee or owner-developer served in the manner authorized in subsection 5 of NRS 645.680, move the Commission for the entry of a default against the licensee, permittee or owner-developer.
2. The answer may be served by delivery to the Commission, or by mailing the answer by certified mail to the principal office of the Division.
3. No proceeding to suspend, revoke or deny the renewal of any license or registration of an owner-developer may be maintained unless it is commenced by the giving of notice to the licensee, permittee or owner-developer within 5 years after the date of the act charged, whether of commission or omission, except:
(a) If the charges are based upon a misrepresentation, or failure to disclose, the period does not commence until the discovery of facts which do or should lead to the discovery of the misrepresentation or failure to disclose; and
(b) Whenever any action or proceeding is instituted to which the Division, licensee, permittee or owner-developer is a party and which involves the conduct of the licensee, permittee or owner-developer in the transaction with which the charges are related, the running of the 5-year period with respect to the institution of a proceeding pursuant to this chapter to suspend, revoke or deny the renewal of the license, permit or registration is suspended during the pendency of the action or proceeding.
(Added to NRS by 1979, 1534; A 1985, 1272; 1987, 517; 1989, 1613; 2001, 524; 2007, 1543)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.690 - Revocation, suspension or denial of renewal of license, permit or registration: Hearing; transcript.

1. The hearing on the charges must be held at such time and place as the Commission prescribes. The hearing may be held by the Commission or a majority thereof, and the hearing must be held, if the licensee, permittee or owner-developer so requests in writing, within the northern or southern district, as set forth in NRS 645.100, within which the principal place of business of the licensee, permittee or owner-developer is situated.
2. At the hearing, a stenographic transcript of the proceedings must be made if requested or required for judicial review. Any party to the proceedings desiring a transcript must be furnished with a copy upon payment to the Division of the reasonable cost of transcription.
[Part 21:150:1947; A 1955, 19]—(NRS A 1963, 1075; 1979, 1552; 1981, 1613; 1985, 1273; 2001, 524)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.700 - Power of Commission to administer oaths, certify acts and issue subpoenas; service of process.

1. The Commission, or any member thereof, shall have power to administer oaths, certify to all official acts, and to issue subpoenas for attendance of witnesses and the production of books and papers.
2. In any hearing or investigation in any part of the State the process issued by the Commission shall extend to all parts of the State and may be served by any person authorized to serve process of courts of record. The person serving any such process shall receive such compensation as may be allowed by the Commission, not to exceed the fees prescribed by law for similar service, and such fees shall be paid in the same manner as provided in NRS 645.710 for the payment of the fees of witnesses.
[Part 22:150:1947; 1943 NCL § 6396.22]—(NRS A 1973, 1103)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.710 - Fees and mileage for witness.

1. Each witness who appears by order of the Commission is entitled to receive for his or her attendance the same fees and mileage allowed by law to a witness in civil cases, which amount must be paid by the party at whose request the witness is subpoenaed.
2. When any witness not otherwise required to attend, is subpoenaed by the Commission, his or her fees and mileage must be paid by the Division.
[Part 22:150:1947; 1943 NCL § 6396.22]—(NRS A 1979, 1553)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.720 - Enforcement of subpoenas.

1. The district court in and for the county in which any hearing may be held shall have the power to compel the attendance of witnesses, the giving of testimony and the production of books and papers as required by any subpoena issued by the Commission.
2. In case of the refusal of any witness to attend or testify or produce any papers required by such subpoena the Commission may report to the district court in and for the county in which the hearing is pending by petition, setting forth:
(a) That due notice has been given of the time and place of attendance of the witness or the production of the books and papers;
(b) That the witness has been subpoenaed in the manner prescribed in this chapter; and
(c) That the witness has failed and refused to attend or produce the papers required by subpoena before the Commission in the cause or proceeding named in the subpoena, or has refused to answer questions propounded to him or her in the course of such hearing,
and asking an order of the court compelling the witness to attend and testify or produce the books or papers before the Commission.
3. The court, upon petition of the Commission, shall enter an order directing the witness to appear before the court at a time and place to be fixed by the court in such order, the time to be not more than 10 days from the date of the order, and then and there show cause why the witness has not attended or testified or produced the books or papers before the Commission. A certified copy of the order shall be served upon the witness. If it shall appear to the court that the subpoena was regularly issued by the Commission, the court shall thereupon enter an order that the witness appear before the Commission at the time and place fixed in the order and testify or produce the required books or papers, and upon failure to obey the order the witness shall be dealt with as for contempt of court.
[Part 22:150:1947; 1943 NCL § 6396.22]
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.730 - Depositions; taking of evidence in another state; rights of party to hearing.

1. The Commission may, in any hearing before it, cause the depositions of witnesses residing within or without the State to be taken in the manner prescribed by the Nevada Rules of Civil Procedure for like depositions in civil actions in the district courts of this State, and to that end may compel the attendance of witnesses and the production of books and papers.
2. The clerk of the district court in and for the county in which any hearing may be held by the Commission shall, upon the application of the Commission, issue commissions or letters rogatory to other states for the taking of evidence therein for use in any proceedings before the Commission.
3. Any party to any hearing before the Commission shall have the right to the attendance of witnesses in the party’s behalf at such hearing or upon deposition as set forth in this section upon making request therefor to the Commission and designating the name and address of the person or persons sought to be subpoenaed.
[Part 22:150:1947; 1943 NCL § 6396.22]
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.740 - Decision of Commission: Rendition; notice; effective date; stay of decision.

1. The Commission shall render an informal decision on any complaint within 15 days after the final hearing thereon and shall give notice in writing of the ruling or decision to the applicant or licensee affected thereby within 60 days after the final hearing thereon by certified mail to the last known address of the person to whom the notice is sent.
2. If the ruling is adverse to the licensee, the Commission shall also state in the notice the date upon which the ruling or decision becomes effective, which date must not be less than 30 days after the date of the notice.
3. The decision of the Commission may not be stayed by any appeal in accordance with the provisions of NRS 645.760, unless the district court so orders upon motion of the licensee, notice to the Division of the motion and opportunity for the Division to be heard.
4. An appeal from a decision of the district court affirming the revocation or suspension of a license does not stay the order of the Commission unless the district or appellate court, in its discretion and upon petition of the licensee, after notice and hearing orders such stay, and upon the filing of a bond for costs in the amount of $1,000.
[Part 23:150:1947; 1943 NCL § 6396.23]—(NRS A 1965, 1409; 1969, 95; 1971, 454; 1973, 1103; 1979, 1553; 1985, 1273)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.760 - Decision final when in favor of licensee; judicial review of decision against licensee.

1. A ruling or decision of the Commission in any disciplinary action is final when in favor of the licensee.
2. If a ruling or decision is against the licensee, the licensee is entitled to judicial review of the ruling or decision in the manner provided by chapter 233B of NRS.
[Part 23:150:1947; 1943 NCL § 6396.23]—(NRS A 1963, 676; 1979, 1553; 1981, 1613; 1985, 1273; 1989, 1659)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.770 - Restrictions on issuance of new license, permit or registration after revocation.

After the revocation of any license, permit or registration by the Commission as provided in this chapter, no new license, permit or registration may be issued to the same licensee, permittee or registrant, as appropriate, within 1 year after the date of the revocation, nor at any time thereafter except in the sole discretion of the Real Estate Division, and then only provided that the licensee, permittee or registrant satisfies all the requirements for an original license, permit or registration.
[Part 14:150:1947; A 1949, 433; 1943 NCL § 6396.14] + [24:150:1947; 1943 NCL § 6396.24]—(NRS A 1963, 677; 2005, 1292)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.8765 - Requirements for broker to enforce claim: Written notice to owner and escrow agent; effect of failure to provide notice; exceptions.

1. Except as otherwise provided in subsection 3, if a real estate broker wishes to enforce a claim pursuant to the provisions of NRS 645.8701 to 645.8811, inclusive, the real estate broker shall, within 7 days after a commission is earned by the real estate broker pursuant to a brokerage agreement, provide a written notice of the claim to:
(a) The owner of the commercial real estate specified in the brokerage agreement; and
(b) The escrow agent closing the transaction for the commercial real estate.
2. A real estate broker who fails to provide a notice of a claim within the period specified in subsection 1 may not enforce the claim pursuant to the provisions of NRS 645.8701 to 645.8811, inclusive.
3. A real estate broker is not required to provide a written notice of a claim to an escrow agent pursuant to this section if the identity of the escrow agent is unknown to the real estate agent at the time the notice is provided by the real estate broker to the owner pursuant to paragraph (a) of subsection 1.
(Added to NRS by 1999, 1176)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.8771 - Requirements for broker to enforce claim: Information required in notice; verification by oath; acknowledgment.

1. A notice of claim specified in NRS 645.8765 must include:
(a) The name of the owner of the commercial real estate;
(b) The name of the person who executed the brokerage agreement, if other than the owner;
(c) The name, business name, if any, and the license number of the real estate broker;
(d) The amount claimed by the real estate broker;
(e) A detailed description of the commercial real estate; and
(f) A copy of the brokerage agreement pursuant to which the real estate broker claims a commission.
2. The notice must:
(a) Be verified by the oath of the real estate broker who provides the notice; and
(b) Include an acknowledgment by the real estate broker.
(Added to NRS by 1999, 1176)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.8775 - Duty of owner to confirm or deny claim; effect of confirming claim; effect of denying claim or failing to respond; recording of claim by broker.

1. If an owner is served with a notice of a claim pursuant to NRS 645.8765, the owner shall, within 5 days after service of the notice but not later than 7 days before the disposition of the commercial real estate:
(a) Confirm or deny the claim set forth in the notice; and
(b) Notify, in writing, the real estate broker who provided the notice to the owner.
2. If the owner confirms the claim and notifies the real estate broker of that fact pursuant to subsection 1, the owner may instruct the escrow agent for the commercial real estate to pay to the real estate broker the amount claimed by the real estate broker in the notice of the claim.
3. If the owner fails to notify the real estate broker within the period specified in subsection 1 or notifies the real estate broker that the owner denies the claim, the real estate broker may record the notice of the claim in the office of the county recorder where the commercial real estate or any portion of the commercial real estate is located.
(Added to NRS by 1999, 1176)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.8781 - Duties of escrow agent upon notice of claim.

1. Except as otherwise provided in this subsection, if:
(a) An escrow agent receives a notice of a claim pursuant to NRS 645.8765;
(b) A notice of claim is recorded pursuant to NRS 645.8775; or
(c) An escrow agent has actual notice of a claim specified in paragraph (b),
the escrow agent shall reserve from the owner’s net proceeds an amount that is equal to the amount claimed by the real estate broker in his or her recorded claim. If the amount of the owner’s net proceeds is insufficient to satisfy the amount of the claim, the escrow agent shall reserve the entire amount of the owner’s net proceeds. In determining whether the amount of the owner’s net proceeds is insufficient to satisfy the amount of the claim, the escrow agent may consider any encumbrance, claim or lien that has priority over the claim of the real estate broker pursuant to NRS 645.8795.
2. If the escrow agent determines that the amount of the owner’s net proceeds is insufficient to satisfy the amount of the claim, the escrow agent:
(a) Shall, within 3 days after making that determination but not later than the close of escrow, notify the real estate broker of that fact in writing; and
(b) Shall not release to the owner any portion of the owner’s net proceeds unless the escrow agent receives a copy of the written agreement executed by the owner and the real estate broker authorizing the escrow agent to release those proceeds to the owner.
3. Except as otherwise provided in paragraph (b) of subsection 2 and NRS 645.8791, if an owner’s net proceeds or any portion of an owner’s net proceeds are reserved pursuant to this section, the escrow agent who reserves those proceeds shall not release the proceeds to any person until the rights of the owner and the real estate broker are determined pursuant to NRS 645.8791.
4. A reservation of an owner’s net proceeds or any portion of an owner’s net proceeds pursuant to this section does not relieve the owner of the obligation to close escrow for the commercial real estate.
(Added to NRS by 1999, 1177)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.8785 - Deposit of proceeds with district court; discharge of escrow agent from further liability concerning proceeds.

1. If:
(a) A notice of a claim is recorded pursuant to NRS 645.8775;
(b) An escrow agent has reserved an owner’s net proceeds or any portion of an owner’s net proceeds pursuant to NRS 645.8781; and
(c) Escrow for the disposition of the commercial real estate has closed,
the escrow agent may, in accordance with the provisions of NRS 645A.177, deposit with the district court of the county where the claim is recorded the amount of the owner’s net proceeds reserved by him or her pursuant to NRS 645.8781.
2. If an escrow agent deposits an owner’s net proceeds with a district court pursuant to subsection 1, the escrow agent is discharged from any further liability concerning those proceeds.
(Added to NRS by 1999, 1177)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.8795 - Priority of recorded claim.

1. Except as otherwise provided in subsection 2, a claim that is recorded pursuant to the provisions of NRS 645.8775 has priority over any other encumbrance, claim or lien, if the claim of the real estate broker is recorded before the encumbrance, claim or lien.
2. The provisions of subsection 1 do not apply to a lien recorded pursuant to the provisions of NRS 108.221 to 108.246, inclusive.
(Added to NRS by 1999, 1179)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.8801 - Release of recorded claim.

If a real estate broker records a claim pursuant to the provisions of NRS 645.8775 and that claim is paid or otherwise satisfied pursuant to that section or NRS 645.8785, the real estate broker shall, within 3 days after the claim is paid or otherwise satisfied, record a written release of that claim. The release must be recorded in the office of the county recorder where the claim was recorded.
(Added to NRS by 1999, 1179; A 2023, 620)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.8805 - Service of notice.

Any notice that is required to be served pursuant to the provisions of NRS 645.8701 to 645.8811, inclusive, must be served in the manner provided in NRS 108.227.
(Added to NRS by 1999, 1179)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.8811 - Escrow agents: Immunity; collection of fees for services.

An escrow agent:
1. Is not liable in any civil action for any action taken to comply with the provisions of NRS 645.8701 to 645.8811, inclusive.
2. May charge and collect a fee from an owner or real estate broker for any services provided by the escrow agent to the owner or real estate broker pursuant to NRS 645.8701 to 645.8811, inclusive.
(Added to NRS by 1999, 1179)