reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.195 - Inspection of records of broker and owner-developer by Real Estate Division; regulations.

1. The Division shall regularly inspect the transaction files, trust records and pertinent real estate business accounts of all real estate brokers and owner-developers to ensure compliance with the provisions of this chapter.
2. The Commission shall adopt regulations pertaining to those inspections.
(Added to NRS by 1973, 989; A 1975, 1542; 1979, 1537)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.200 - Attorney General: Opinions and action as attorney.

1. The Attorney General shall render to the Division opinions upon all questions of law relating to the construction or interpretation of this chapter, or arising in the administration thereof, that may be submitted to the Attorney General by the Division or the Commission.
2. The Attorney General shall act as the attorney for the Division in all actions and proceedings brought against or by the Division pursuant to any of the provisions of this chapter.
[7:150:1947; 1943 NCL § 6396.07]—(NRS A 1963, 665; 1979, 1537)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.210 - Injunctions.

1. Whenever the Real Estate Division believes from evidence satisfactory to it that any person has violated or is about to violate any of the provisions of this chapter, or any order, license, permit, decision, demand or requirement, or any part or provision thereof, it may bring an action, in the name of the Real Estate Division, in the district court of the State of Nevada in and for the county wherein such person resides, or, if such person resides outside the State of Nevada, in any court of competent jurisdiction within or outside the State of Nevada, against such person to enjoin such person from continuing such violation or engaging therein or doing any act or acts in furtherance thereof.
2. If this action is in a district court of the State of Nevada, an order or judgment may be entered awarding such preliminary or final injunction as may be proper, but no preliminary injunction or temporary restraining order shall be granted without at least 5 days’ notice to the opposite party.
[31:150:1947; 1943 NCL § 6396.31]—(NRS A 1963, 665; 1973, 1099)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.215 - Investigation by Real Estate Division of certain transactions relating to unimproved land or subdivision; injunction for fraud, deceit or false advertising.

1. If the Real Estate Division has reason to believe that fraud, deceit or false advertising is being, has been or is to be perpetrated in connection with the proposed or completed sale, purchase, rental, lease or exchange of any vacant or unimproved land or subdivision outside the corporate limits of any city, it may investigate the circumstances of such sale, purchase, rental, lease or exchange.
2. If such investigation reveals any evidence of fraud, deceit or false advertising which has influenced or induced or may influence or induce the sale, purchase, rental, lease or exchange, the Real Estate Division shall advise the Attorney General or the district attorney of the county in which the land or subdivision is located. The district attorney or, upon the request of the Administrator, the Attorney General shall cause appropriate legal action to be taken to enjoin any further sale, purchase, rental, lease or exchange until the fraud, deceit or false advertising is eliminated and restitution has been made for any loss.
3. Nothing in this section shall prevent prosecution of any person in a criminal action under the provisions of any other law.
(Added to NRS by 1961, 75; A 1963, 666; 1973, 1099)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.230 - Unlawful to engage in certain conduct without license or permit or without complying with certain provisions of chapter; power of Real Estate Division to file complaint with court and assist in prosecution of violation; prosecution by district attorney or Attorney General.

1. It is unlawful for any person, limited-liability company, partnership, association or corporation to engage in the business of, act in the capacity of, advertise or assume to act as, a:
(a) Real estate broker, real estate broker-salesperson or real estate salesperson within the State of Nevada without first obtaining the appropriate license from the Real Estate Division as provided for in this chapter;
(b) Property manager within the State of Nevada without first obtaining from the Real Estate Division as provided for in this chapter a license as a real estate broker, real estate broker-salesperson or real estate salesperson and a permit to engage in property management;
(c) Designated property manager within the State of Nevada without complying with the provisions of NRS 645.6055;
(d) Business broker within the State of Nevada without first obtaining from the Real Estate Division as provided for in this chapter a license as a real estate broker, real estate broker-salesperson or real estate salesperson and a permit to engage in business as a business broker issued pursuant to the provisions of NRS 645.863; or
(e) Designated business broker within the State of Nevada without complying with the provisions of NRS 645.867.
2. The Real Estate Division may prefer a complaint for a violation of this section before any court of competent jurisdiction and may assist in presenting the law or facts upon any trial for a violation of this section.
3. The district attorney of each county shall prosecute all violations of this section in their respective counties in which violations occur, unless prosecuted by the Attorney General. Upon the request of the Administrator, the Attorney General shall prosecute any violation of this section in lieu of the district attorney.
[1:150:1947; 1943 NCL § 6396.01]—(NRS A 1963, 666; 1973, 1100; 1981, 514; 1985, 1262; 1997, 166, 957; 2003, 1290; 2005, 649)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.235 - Administrative fine for engaging in certain conduct without license, permit, certificate, registration or authorization; procedure for imposition of fine; judicial review; exceptions.

1. In addition to any other remedy or penalty, the Commission may impose an administrative fine against any person who knowingly:
(a) Engages or offers to engage in any activity for which a license, permit, certificate or registration or any type of authorization is required pursuant to this chapter, or any regulation adopted pursuant thereto, if the person does not hold the required license, permit, certificate or registration or has not been given the required authorization; or
(b) Assists or offers to assist another person to commit a violation described in paragraph (a).
2. If the Commission imposes an administrative fine against a person pursuant to this section, the amount of the administrative fine may not exceed the amount of any gain or economic benefit that the person derived from the violation or $5,000, whichever amount is greater.
3. In determining the appropriate amount of the administrative fine, the Commission shall consider:
(a) The severity of the violation and the degree of any harm that the violation caused to other persons;
(b) The nature and amount of any gain or economic benefit that the person derived from the violation;
(c) The person’s history or record of other violations; and
(d) Any other facts or circumstances that the Commission deems to be relevant.
4. Before the Commission may impose the administrative fine, the Commission must provide the person with notice and an opportunity to be heard.
5. The person is entitled to judicial review of the decision of the Commission in the manner provided by chapter 233B of NRS.
6. The provisions of this section do not apply to a person who engages or offers to engage in activities within the purview of this chapter if:
(a) A specific statute exempts the person from complying with the provisions of this chapter with regard to those activities; and
(b) The person is acting in accordance with the exemption while engaging or offering to engage in those activities.
(Added to NRS by 2003, 1289)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.250 - Power of cities and towns to license and regulate brokers and salespersons not affected.

Nothing contained in this chapter shall affect the power of cities and towns to tax, license and regulate real estate brokers or real estate salespersons. The requirements of this chapter shall be in addition to the requirements of any existing or future ordinance of any city or town so taxing, licensing or regulating real estate brokers or real estate salespersons.
[32:150:1947; 1943 NCL § 6396.32]
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.251 - Licensee not required to comply with certain principles of common law.

A licensee is not required to comply with any principles of common law that may otherwise apply to any of the duties of the licensee as set forth in NRS 645.252, 645.253 and 645.254 and the regulations adopted to carry out those sections.
(Added to NRS by 1995, 2072)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.252 - Duties of licensee acting as agent in real estate transaction.

A licensee who acts as an agent in a real estate transaction:
1. Shall disclose to each party to the real estate transaction as soon as is practicable:
(a) Any material and relevant facts, data or information which the licensee knows, or which by the exercise of reasonable care and diligence should have known, relating to the property which is the subject of the transaction.
(b) Each source from which the licensee will receive compensation as a result of the transaction.
(c) That the licensee is a principal to the transaction or has an interest in a principal to the transaction.
(d) Except as otherwise provided in NRS 645.253, that the licensee is acting for more than one party to the transaction. If a licensee makes such a disclosure, he or she must obtain the written consent of each party to the transaction for whom the licensee is acting before he or she may continue to act in his or her capacity as an agent. The written consent must include:
(1) A description of the real estate transaction.
(2) A statement that the licensee is acting for two or more parties to the transaction who have adverse interests and that in acting for these parties, the licensee has a conflict of interest.
(3) A statement that the licensee will not disclose any confidential information for 1 year after the revocation or termination of any brokerage agreement entered into with a party to the transaction, unless he or she is required to do so by a court of competent jurisdiction or is given written permission to do so by that party.
(4) A statement that a party is not required to consent to the licensee acting on behalf of the party.
(5) A statement that the party is giving consent without coercion and understands the terms of the consent given.
(e) Any changes in the licensee’s relationship to a party to the transaction.
2. Shall exercise reasonable skill and care with respect to all parties to the real estate transaction.
3. Shall provide the appropriate form prepared by the Division pursuant to NRS 645.193 to:
(a) Each party for whom the licensee is acting as an agent in the real estate transaction; and
(b) Each unrepresented party to the real estate transaction, if any.
4. Unless otherwise agreed upon in writing, owes no duty to:
(a) Independently verify the accuracy of a statement made by an inspector certified pursuant to chapter 645D of NRS or another appropriate licensed or certified expert.
(b) Conduct an independent inspection of the financial condition of a party to the real estate transaction.
(c) Conduct an investigation of the condition of the property which is the subject of the real estate transaction.
(Added to NRS by 1995, 2072; A 2001, 2892; 2005, 649; 2007, 1788)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.253 - Licensees affiliated with same brokerage: Additional duties when assigned to separate parties to real estate transaction or property management agreement.

If a real estate broker assigns different:
1. Licensees affiliated with his or her brokerage to separate parties to a real estate transaction, the licensees are not required to obtain the written consent required pursuant to paragraph (d) of subsection 1 of NRS 645.252. Each licensee shall not disclose, except to the real estate broker, confidential information relating to a client in violation of NRS 645.254.
2. Licensees affiliated with his or her brokerage who hold permits to engage in property management to separate parties to a property management agreement, the property managers are not required to obtain the written consent required pursuant to paragraph (d) of subsection 1 of NRS 645.6057. Each property manager shall not disclose, except to the real estate broker, confidential information relating to a client in violation of NRS 645.6057.
(Added to NRS by 1995, 2073; A 2023, 3483)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.254 - Additional duties of licensee entering into brokerage agreement to represent client in real estate transaction.

A licensee who has entered into a brokerage agreement to represent a client in a real estate transaction:
1. Shall exercise reasonable skill and care to carry out the terms of the brokerage agreement and to carry out his or her duties pursuant to the terms of the brokerage agreement;
2. Shall not disclose confidential information relating to a client for 1 year after the revocation or termination of the brokerage agreement, unless he or she is required to do so pursuant to an order of a court of competent jurisdiction or is given written permission to do so by the client;
3. Shall seek a sale, purchase, option, rental or lease of real property at the price and terms stated in the brokerage agreement or at a price acceptable to the client;
4. Shall present all offers made to or by the client as soon as is practicable, unless the client chooses to waive the duty of the licensee to present all offers and signs a waiver of the duty on a form prescribed by the Division;
5. Shall disclose to the client material facts of which the licensee has knowledge concerning the transaction;
6. Shall advise the client to obtain advice from an expert relating to matters which are beyond the expertise of the licensee; and
7. Shall account for all money and property the licensee receives in which the client may have an interest as soon as is practicable.
(Added to NRS by 1995, 2073; A 2007, 1788)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.255 - Waiver of duties of licensee or property manager prohibited.

Except as otherwise provided in subsection 4 of NRS 645.254, no duty of a licensee set forth in NRS 645.252 or 645.254 or a property manager set forth in NRS 645.6057 may be waived.
(Added to NRS by 2007, 1787; A 2023, 3484)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.256 - Broker who provides asset management services to client required to provide Real Estate Division with certain information annually; disciplinary action by Division.

1. A broker who enters into an agreement to provide asset management services to a client shall:
(a) Disclose annually to the Division any such agreements to provide asset management services to a client; and
(b) Provide proof satisfactory to the Division on an annual basis that the broker has complied with the requirements of NRS 645H.490.
2. In addition to any other remedy or penalty, the Division may take administrative action, including, without limitation, the suspension of a license or permit or the imposition of an administrative fine, against a broker who fails to comply with this section.
3. As used in this section:
(a) "Asset management" has the meaning ascribed to it in NRS 645H.030.
(b) "Client" has the meaning ascribed to it in NRS 645H.060.
(Added to NRS by 2011, 2831)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.257 - Action to recover damages suffered as proximate result of failure of licensee or property manager to perform certain duties; standard of care.

1. A person who has suffered damages as the proximate result of a licensee’s or property manager’s failure to perform any duties required by NRS 645.252, 645.253, 645.254 or 645.6057 or the regulations adopted to carry out those sections may bring an action against the licensee or property manager for the recovery of the person’s actual damages.
2. In such an action, any knowledge of the client:
(a) Of the licensee of material facts, data or information relating to the real property which is the subject of the real estate transaction may not be imputed to the licensee; and
(b) Of the property manager of material facts, data or information relating to the real property which is the subject of the property management agreement may not be imputed to the property manager.
3. In an action brought by a person pursuant to subsection 1:
(a) The standard of care owed by a licensee is the degree of care that a reasonably prudent real estate licensee would exercise and is measured by the degree of knowledge required to be obtained by a real estate licensee pursuant to NRS 645.343 and 645.345; and
(b) The standard of care owed by a property manager is the degree of care that a reasonably prudent property manager would exercise and is measured by the degree of knowledge required to be obtained by a permit to engage in property management pursuant to NRS 645.6052.
(Added to NRS by 1995, 2073; A 2001, 2893; 2023, 3484)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.258 - Duties concerning transaction involving used manufactured home or used mobile home.

1. In any transaction involving a used manufactured home or used mobile home that has not been converted to real property pursuant to NRS 361.244, a licensee shall provide to the purchaser, on a form prepared by the Real Estate Division, the following disclosures:
(a) The year, serial number and manufacturer of the used manufactured home or used mobile home;
(b) A statement that the used manufactured home or used mobile home is personal property subject to personal property taxes;
(c) A statement of the requirements of NRS 489.521 and 489.531; and
(d) Such other disclosures as may be required by the Real Estate Division.
2. The disclosures required pursuant to subsection 1 do not constitute a warranty as to the title or condition of the used manufactured home or used mobile home.
3. A real estate broker who represents a client in such a transaction shall take such actions as necessary to ensure that the client complies with the requirements of NRS 489.521 and 489.531.
(Added to NRS by 2005, 665)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.259 - Liability of licensee for misrepresentation made by client; failure of seller to make required disclosures is public record.

A licensee may not be held liable for:
1. A misrepresentation made by his or her client unless the licensee:
(a) Knew the client made the misrepresentation; and
(b) Failed to inform the person to whom the client made the misrepresentation that the statement was false.
2. Except as otherwise provided in this subsection, the failure of the seller to make the disclosures required by NRS 113.130 and 113.135 if the information that would have been disclosed pursuant to NRS 113.130 and 113.135 is a public record which is readily available to the client. Notwithstanding the provisions of this subsection, a licensee is not relieved of the duties imposed by paragraph (a) of subsection 1 of NRS 645.252.
(Added to NRS by 1995, 2074; A 2001, 2893)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.260 - One act constitutes action in capacity of broker or salesperson.

Any person, limited-liability company, partnership, association or corporation who, for another, in consideration of compensation by fee, commission, salary or otherwise, or with the intention or expectation of receiving compensation, does, offers or attempts or agrees to do, engages in, or offers or attempts or agrees to engage in, either directly or indirectly, any single act or transaction contained in the definition of a real estate broker in NRS 645.030, whether the act is an incidental part of a transaction, or the entire transaction, is acting in the capacity of a real estate broker or real estate salesperson within the meaning of this chapter.
[4:150:1947; 1943 NCL § 6396.04]—(NRS A 1985, 1263; 1997, 166)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.270 - Allegation and proof of licensed status in action for compensation.

A person, limited-liability company, partnership, association or corporation engaged in the business or acting in the capacity of a real estate broker or a real estate salesperson within this State may not commence or maintain any action in the courts of this State for the collection of compensation for the performance of any of the acts mentioned in NRS 645.030 without alleging and proving that the person, limited-liability company, partnership, association or corporation was a licensed real estate broker or real estate salesperson at the time the alleged cause of action arose.
[30:150:1947; 1943 NCL § 6396.30]—(NRS A 1985, 1263; 1997, 166)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.280 - Association with or compensation of unlicensed broker, broker-salesperson or salesperson unlawful; payment of commission other than through broker or owner-developer unlawful.

1. It is unlawful for any licensed real estate broker, or broker-salesperson or salesperson to offer, promise, allow, give or pay, directly or indirectly, any part or share of his or her commission, compensation or finder’s fee arising or accruing from any real estate transaction to any person who is not a licensed real estate broker, broker-salesperson or salesperson, in consideration of services performed or to be performed by the unlicensed person. A licensed real estate broker may pay a commission to a licensed broker of another state.
2. A real estate broker-salesperson or salesperson shall not be associated with or accept compensation from any person other than the broker or owner-developer under whom he or she is licensed at the time of the real estate transaction.
3. It is unlawful for any licensed real estate broker-salesperson or salesperson to pay a commission to any person except through the broker or owner-developer under whom he or she is licensed at the time of the real estate transaction.
[26:150:1947; 1943 NCL § 6396.26]—(NRS A 1959, 394; 1975, 1542; 1979, 1538; 1985, 1263; 2005, 1286)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.283 - Owner-developers: Employment of licensed salespersons; association with qualified sales manager; registration.

1. Except as otherwise provided in subsection 2, an owner-developer who is registered with the Real Estate Division may employ one or more licensed real estate salespersons to sell any single-family residence, owned by the owner-developer and not previously sold, which is within the area covered by his or her current registration.
2. An owner-developer may not employ a licensed real estate salesperson pursuant to subsection 1 unless a licensed real estate broker-salesperson who is qualified pursuant to NRS 645.289 is associated with the owner-developer as a sales manager to oversee the activities of the real estate salesperson.
3. The area covered by an owner-developer’s registration may be enlarged from time to time upon application and payment of the required fee.
4. Registration may be kept in force by annual renewal.
(Added to NRS by 1975, 1639; A 2005, 1287)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.285 - Owner-developers: Form and contents of application for registration.

1. Application for original registration as an owner-developer shall be made on a form provided by the Division, and shall set forth:
(a) The limits of the area within which the applicant owns the residences proposed to be sold;
(b) The location of the applicant’s principal place of business; and
(c) Any further information required by regulations of the Commission.
2. An application to enlarge the area covered by a registration shall set forth the limits of the area to be added.
(Added to NRS by 1975, 1639)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.287 - Owner-developers: Regulations concerning qualifications; principal place of business and records.

1. Regulations adopted by the Real Estate Commission shall not establish any educational qualification or require any examination of an owner-developer, but shall provide appropriate standards of good moral character and financial stability.
2. Each owner-developer shall maintain a principal place of business and keep there the records concerning salespersons employed by the owner-developer.
(Added to NRS by 1975, 1639)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.289 - Owner-developers: Qualifications and duties of person who acts as sales manager.

1. To qualify as a sales manager for the purposes of NRS 645.283, a licensed real estate broker-salesperson must have at least 2 years of experience during the immediately preceding 4 years as a real estate broker-salesperson or salesperson licensed in this State or any other state or territory of the United States, or the District of Columbia.
2. A real estate broker-salesperson shall:
(a) Before becoming associated with an owner-developer as a sales manager, notify the Division on a form prescribed by the Division that he or she will be acting in that capacity; and
(b) Upon the termination of his or her association with an owner-developer as a sales manager, notify the Division of that fact.
(Added to NRS by 2005, 1286)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.300 - Delivery of copy of written brokerage agreement; receipt.

When a licensee prepares or has prepared a written brokerage agreement authorizing or employing the licensee to purchase or sell real estate for compensation or commission, the licensee shall deliver a copy of the written brokerage agreement to the client signing it at the time the signature is obtained, if possible, or otherwise within a reasonable time thereafter. Receipt for the copy may be made on the face of the written brokerage agreement.
[28:150:1947; 1943 NCL § 6396.28]—(NRS A 1979, 1539; 1995, 2074)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.313 - Other financial accounts: Investigation and audit involving insolvency of broker or enforcement by Division; regulations governing scope of audit; grounds for disciplinary action.

1. The Division may investigate and audit all financial accounts related to the business of a real estate broker, regardless of whether it is a trust account, if the Division has reasonable cause to believe that the broker is using or has used the account to operate or carry on the broker’s business and the Division:
(a) Has reasonable cause to believe or has received a credible complaint that the real estate broker is insolvent or is in any financial condition or has engaged in any financial practice which creates a substantial risk of insolvency; or
(b) Determines that the investigation and audit are reasonably necessary to assist the Division in administering or enforcing any other provision of this chapter or any other statute that the Division is charged with administering or enforcing.
2. The Commission shall adopt regulations prescribing the scope of an audit conducted pursuant to this section.
3. The Commission may take action pursuant to NRS 645.630 against:
(a) Any real estate broker or other licensee who knowingly fails to cooperate or comply with or knowingly impedes or interferes with any investigation or audit conducted by the Division pursuant to this section; or
(b) Any real estate broker who is insolvent or who is in any financial condition or has engaged in any financial practice which creates a substantial risk of insolvency.
4. As used in this section, "insolvent" or "insolvency" means a condition in which a real estate broker is unable to meet the liabilities of the broker’s business as those liabilities become due in the regular course of the broker’s business and which creates a substantial risk of harm to the public or a consumer.
(Added to NRS by 2003, 1288)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.314 - Administrator may charge broker for costs and fees of audit under certain circumstances; additional grounds for disciplinary action.

1. The Administrator may charge and collect from a real estate broker an amount equal to the amount of the actual costs and fees incurred by the Division to conduct an audit of the financial accounts of the real estate broker pursuant to this chapter or any regulations adopted pursuant thereto if:
(a) The Division makes a request during the course of the audit for the real estate broker to produce, provide access to or grant authorization to the Division to inspect or obtain any documentation related to the business of a real estate broker which the broker is required to maintain pursuant to NRS 645.310 and any regulations adopted pursuant to this chapter;
(b) The real estate broker fails to comply with the request within a reasonable time established by the Division; and
(c) The Division has reasonable cause to believe that the requested documentation will assist it in investigating whether the real estate broker has committed any act or offense that would be grounds for taking disciplinary action against the real estate broker.
2. If the Administrator charges a real estate broker for the costs and fees of an audit pursuant to subsection 1, the Administrator shall bill the real estate broker upon the completion of the audit. The costs and fees must be paid within 90 days after the date the real estate broker receives the bill. Except as otherwise provided in this subsection, any payment received after the due date must include a penalty in the amount of 10 percent of the amount specified in the bill plus an additional penalty in the amount of 1 percent of the amount for each month, or portion of a month, that the bill is not paid. The Administrator may waive the penalty for good cause.
3. The failure of a real estate broker to pay any costs and fees as required by this section constitutes grounds for disciplinary action against the real estate broker.
4. Money received by the Division pursuant to this section must be:
(a) Deposited with the State Treasurer for credit to the appropriate account of the Division.
(b) Used by the Division only to offset the fees and costs incurred by the Division in carrying out the provisions of NRS 645.313.
(Added to NRS by 2005, 1285)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.315 - Conditions and limitations on certain advertisements; required disclosures; prohibited acts; regulations.

1. In any advertisement through which a licensee offers to perform services for which a license is required pursuant to this chapter, the licensee shall include his or her license number and:
(a) If the licensee is a real estate broker, disclose the name of any brokerage under which the licensee does business; or
(b) If the licensee is a real estate broker-salesperson or real estate salesperson, disclose the name of the brokerage with whom the licensee is associated.
2. If a licensee is a real estate broker-salesperson or real estate salesperson, the licensee shall not advertise solely under the licensee’s own name when acting in the capacity as a broker-salesperson or salesperson. All such advertising must be done under the direct supervision of and in the name of the brokerage with whom the licensee is associated.
3. The Commission shall by regulation establish the conditions and limitations under which a licensee may advertise under a nickname.
(Added to NRS by 1999, 92; A 2003, 932; 2019, 2777)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.320 - Requirements for exclusive agency representation.

Every brokerage agreement which includes a provision for an exclusive agency representation must:
1. Be in writing.
2. Have set forth in its terms a definite, specified and complete termination.
3. Contain no provision which requires the client who signs the brokerage agreement to notify the real estate broker of the client’s intention to cancel the exclusive features of the brokerage agreement after the termination of the brokerage agreement.
4. Be signed by both the client or his or her authorized representative and the broker or his or her authorized representative in order to be enforceable.
[28.5:150:1947; added 1955, 18]—(NRS A 1995, 2075; 2003, 932)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.3205 - Dealing with party to real estate transaction in manner which is deceitful, fraudulent or dishonest prohibited.

A licensee shall not deal with any party to a real estate transaction in a manner which is deceitful, fraudulent or dishonest.
(Added to NRS by 1995, 2074)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.321 - Discriminatory practices unlawful; penalty.

1. It is unlawful, on account of race, religious creed, color, national origin, disability, sexual orientation, gender identity or expression, ancestry, familial status or sex, to:
(a) Discriminate against any person:
(1) By denying the person access to or membership or participation in any multiple-listing service, real estate brokers’ organization or other service or facility relating to the sale or rental of dwellings; or
(2) In the terms or conditions of such access, membership or participation.
(b) Discriminate against any person:
(1) By denying the person access to any opportunity to engage in a transaction regarding residential real estate; or
(2) In the terms or conditions of such a transaction.
2. Any person violating the provisions of subsection 1 shall be punished by a fine of $500 for the first offense and for the second offense shall show cause why his or her license should not be revoked by the Commission.
3. As used in this section:
(a) "Disability" means, with respect to a person:
(1) A physical or mental impairment that substantially limits one or more of the major life activities of the person;
(2) A record of such an impairment; or
(3) Being regarded as having such an impairment.
(b) "Familial status" means the fact that a person:
(1) Lives with a child under the age of 18 and has:
(I) Lawful custody of the child; or
(II) Written permission to live with the child from the person who has lawful custody of the child;
(2) Is pregnant; or
(3) Has begun a proceeding to adopt or otherwise obtain lawful custody of a child.
(Added to NRS by 1971, 733; A 1991, 1983; 1995, 1994; 2011, 872)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.322 - Accounting of use of advance fee charged or collected; Division may demand accounting.

Any person or entity who charges or collects an advance fee shall, within 3 months after the charge or collection, furnish to his or her client an accounting of the use of that money. The Real Estate Division may also demand an accounting by such person or entity of advance fees so collected.
(Added to NRS by 1957, 211; A 1963, 667; 1995, 2075)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.324 - Forms of brokerage agreements; reports and forms of accounting; regulations; maintenance of agreements for review and audit; grounds for disciplinary action.

1. The Commission may require such forms of brokerage agreements which include provisions for the payment of advance fees to be used, and such reports and forms of accounting to be kept, made and submitted, and may adopt such rules and regulations as the Commission may determine to be necessary to carry out the purposes and intent of NRS 645.322.
2. A licensee shall maintain, for review and audit by the Division, each brokerage agreement that is entered into by the licensee.
3. Any violation of the rules, regulations, orders or requirements of the Commission constitutes grounds for disciplinary action against a licensee.
(Added to NRS by 1957, 211; A 1995, 2075; 1997, 959)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.330 - General qualifications of applicant; grounds for denial of application; eligibility for licensing as broker.

1. Except as otherwise provided by a specific statute, the Division may approve an application for a license for a person who meets all the following requirements:
(a) Has a good reputation for honesty, trustworthiness and integrity and who offers proof of those qualifications satisfactory to the Division.
(b) Has not made a false statement of material fact on his or her application.
(c) Is competent to transact the business of a real estate broker, broker-salesperson or salesperson in a manner which will safeguard the interests of the public.
(d) Has passed the examination.
(e) Has submitted all information required to complete the application.
2. The Division:
(a) May deny a license to any person who has been convicted of, or entered a plea of guilty, guilty but mentally ill or nolo contendere to, forgery, embezzlement, obtaining money under false pretenses, larceny, extortion, conspiracy to defraud, engaging in a real estate business without a license, possessing for the purpose of sale any controlled substance or any crime involving moral turpitude, in any court of competent jurisdiction in the United States or elsewhere; and
(b) Shall not issue a license to such a person until at least 3 years after:
(1) The person pays any fine or restitution ordered by the court; or
(2) The expiration of the period of the person’s parole, probation or sentence,
whichever is later.
3. Suspension or revocation of a license pursuant to this chapter or any prior revocation or current suspension in this or any other state, district or territory of the United States or any foreign country before the date of the application is grounds for refusal to grant a license.
4. Except as otherwise provided in NRS 645.332, a person may not be licensed as a real estate broker unless the person has been actively engaged as a full-time licensed real estate broker-salesperson or salesperson in this State, or actively engaged as a full-time licensed real estate broker, broker-salesperson or salesperson in another state or the District of Columbia, for at least 2 of the 4 years immediately preceding the issuance of a broker’s license.
[Part 8:150:1947; A 1949, 433; 1955, 424]—(NRS A 1973, 1101; 1975, 794; 1979, 1540; 1981, 1607; 1983, 163; 1985, 1263; 1993, 2805; 1995, 993, 2477; 1997, 2165; 2003, 1499; 2005, 1287, 1288, 2773, 2807; 2007, 1474)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.332 - Applicants licensed in another jurisdiction: Exemption from certain examination requirements; issuance of license as broker or broker-salesperson by reciprocity.

1. An applicant for a license as a real estate salesperson is not required to pass the uniform portion of a national real estate examination otherwise required by NRS 645.330 and 645.460 if:
(a) The applicant holds a license in good standing as a real estate broker, broker-salesperson or salesperson issued by another state or territory of the United States, or the District of Columbia;
(b) The requirements for licensure as a real estate salesperson issued in that state or territory of the United States, or the District of Columbia, are substantially equivalent to the requirements in this State for licensure as a real estate salesperson; and
(c) The applicant has passed the examination in that state or territory of the United States, or the District of Columbia.
2. The Division may issue a license as a real estate broker or broker-salesperson to a person who holds a license as a real estate broker or broker-salesperson, or an equivalent license, issued by a state or territory of the United States, or the District of Columbia, if that state or territory, or the District of Columbia, has entered into a reciprocal agreement with the Commission for the issuance of licenses pursuant to this chapter and the person submits proof to the Division that:
(a) The person has been issued a license as a real estate broker or broker-salesperson, or an equivalent license, by that state or territory of the United States, or the District of Columbia; and
(b) At the time the person files an application with the Division, the license is in good standing.
3. The Division may refuse to issue a license as a real estate broker or broker-salesperson pursuant to subsection 2 to a person who has committed any act or offense that would be grounds for denying a license to an applicant or taking disciplinary action against a licensee pursuant to this chapter.
4. The Commission shall not enter into a reciprocal agreement pursuant to subsection 2 unless the provisions relating to the practice of real estate, including the requirements for the licensing of real estate brokers and real estate broker-salespersons in the other state or territory of the United States, or the District of Columbia, are substantially similar to the provisions relating to the practice of real estate in this State.
(Added to NRS by 2005, 1284)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.335 - Depository financial institution prohibited from being licensed.

1. For the purposes of this section, "depository financial institution" means any bank, savings and loan association, savings bank, thrift company, credit union or other institution which:
(a) Holds or receives deposits, savings or share accounts;
(b) Issues certificates of deposit; or
(c) Provides to its customers other depository accounts which are subject to withdrawal by checks, drafts or other instruments or by electronic means to effect payment to a third party.
2. The purposes of this section are to help maintain the separation between depository financial institutions and the business of real estate and to minimize the possibility of unfair competitive activities by depository financial institutions against real estate brokers and salespersons.
3. No depository financial institution or its holding company, parent, subsidiary or affiliate may directly or indirectly be licensed to sell real estate in this State.
(Added to NRS by 1985, 1507)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.345 - Regulations of Division concerning schools and courses of instruction in principles and practice of real estate; standard of instruction.

The Division, with the approval of the Commission, shall:
1. Adopt reasonable regulations defining what constitutes:
(a) A course of instruction in real estate principles, practices, procedures, law and ethics, which course of instruction must include the subjects upon which an applicant is examined in determining his or her fitness to receive an original real estate salesperson’s license.
(b) A school offering such a course.
2. Adopt regulations providing for the establishment and maintenance of a uniform and reasonable standard of instruction to be observed in and by such schools.
(Added to NRS by 1960, 155; A 1969, 1448; 1975, 1545; 1981, 1034)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.355 - Investigation of applicant’s background; fees; fingerprints.

1. Each applicant for a license as a real estate broker, broker-salesperson or salesperson must pay a fee for the costs of an investigation of the applicant’s background.
2. Each applicant must, as part of the application and at his or her own expense:
(a) Arrange to have a complete set of fingerprints taken by a law enforcement agency or other authorized entity acceptable to the Division; and
(b) Submit to the Division:
(1) A completed fingerprint card and written permission authorizing the Division to submit the applicant’s fingerprints to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for a report on the applicant’s background and to such other law enforcement agencies as the Division deems necessary; or
(2) Written verification, on a form prescribed by the Division, stating that the fingerprints of the applicant were taken and directly forwarded electronically or by another means to the Central Repository and that the applicant has given written permission to the law enforcement agency or other authorized entity taking the fingerprints to submit the fingerprints to the Central Repository for submission to the Federal Bureau of Investigation for a report on the applicant’s background and to such other law enforcement agencies as the Division deems necessary.
3. The Division may:
(a) Unless the applicant’s fingerprints are directly forwarded pursuant to subparagraph (2) of paragraph (b) of subsection 2, submit those fingerprints to the Central Repository for submission to the Federal Bureau of Investigation and to such other law enforcement agencies as the Division deems necessary; and
(b) Request from each such agency any information regarding the applicant’s background as the Division deems necessary.
(Added to NRS by 1981, 1616; A 1983, 165; 2003, 1290, 2862; 2005, 1289)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.370 - Issuance of license to certain organizations doing business as broker; restrictions.

1. Each limited-liability company doing business as a real estate broker must designate its manager, each partnership doing business as a real estate broker must designate one of its members, and each corporation doing business as a real estate broker must designate one of its officers, to submit an application for a broker’s license.
2. Upon such manager’s, member’s or officer’s successfully passing the examination, and upon compliance with all other requirements of law by the limited-liability company, partnership or corporation, as well as by the designated manager, member or officer, the Division shall issue a broker’s license to the manager, member or officer on behalf of the limited-liability company, corporation or partnership, and thereupon the manager, member or officer so designated is entitled to perform all the acts of a real estate broker contemplated by this chapter; except:
(a) That the license entitles the manager, member or officer so designated to act as a real estate broker only as officer or agent of the limited-liability company, partnership or corporation, and not on his or her own behalf, except as otherwise provided in NRS 645.385; and
(b) That if in any case the person so designated is refused a license by the Real Estate Division, or in case the person ceases to be connected with the limited-liability company, partnership or corporation, the limited-liability company, partnership or corporation may designate another person who must apply and qualify as in the first instance.
[Part 9:150:1947; 1943 NCL § 6396.09]—(NRS A 1963, 669; 1975, 1547; 1979, 1543; 1985, 1265; 1997, 168)