reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.380 - Issuance of license as broker required for certain members and officers of certain organizations.

Each member or officer of a limited-liability company, partnership or corporation who will perform or engage in any of the acts specified in NRS 645.030, other than the manager, member or officer designated for such purpose by the limited-liability company, partnership or corporation in the manner provided in NRS 645.370, must apply for and take out a separate broker’s license in his or her own name individually. The license issued to any such member or officer of a limited-liability company, partnership or corporation entitles the member or officer to act as a real estate broker only as an 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.
[Part 9:150:1947; 1943 NCL § 6396.09]—(NRS A 1983, 165; 1985, 1266; 1997, 168)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.385 - Waiver of requirements of NRS 645.370 and 645.380.

The Division may waive the requirements of NRS 645.370 and 645.380 by adopting regulations authorizing real estate brokers to act on their own behalf as well as on the behalf of a limited-liability company, corporation or partnership.
(Added to NRS by 1973, 1105; A 1975, 1547; 1985, 1266; 1997, 168)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.387 - Issuance of license as broker-salesperson or salesperson to sole shareholder of corporation on behalf of corporation or to manager of limited-liability company on behalf of company; restrictions; duties; expiration.

1. Any natural person who meets the qualifications of a real estate broker-salesperson or salesperson and:
(a) Except as otherwise provided in subsection 2, is the sole shareholder of a corporation organized pursuant to the provisions of chapter 89 of NRS; or
(b) Is the manager of a limited-liability company organized pursuant to the provisions of chapter 86 of NRS,
may be licensed on behalf of the corporation or limited-liability company for the purpose of associating with a licensed real estate broker in the capacity of a broker-salesperson or salesperson.
2. The spouse of the owner of the corporation who has a community interest in any shares of the corporation shall not be deemed a second shareholder of the corporation for the purposes of paragraph (a) of subsection 1, if the spouse does not vote any of those shares.
3. A license issued pursuant to this section entitles only the sole shareholder of the corporation or the manager of the limited-liability company to act as a broker-salesperson or salesperson, and only as an officer or agent of the corporation or limited-liability company and not on his or her own behalf. The licensee shall not do or deal in any act, acts or transactions included within the definition of a real estate broker in NRS 645.030, except as that activity is permitted pursuant to this chapter to licensed broker-salespersons and salespersons.
4. The corporation or limited-liability company shall, within 30 days after a license is issued on its behalf pursuant to this section and within 30 days after any change in its ownership, file an affidavit with the Division stating:
(a) For a corporation, the number of issued and outstanding shares of the corporation and the names of all persons to whom the shares have been issued.
(b) For a limited-liability company, the names of members who have an interest in the company.
5. A license issued pursuant to this section automatically expires upon:
(a) The death of the licensed shareholder in the corporation or the manager of the limited-liability company.
(b) The issuance of shares in the corporation to more than one person other than the spouse.
6. Nothing in this section alters any of the rights, duties or liabilities which otherwise arise in the legal relationship between a real estate broker, broker-salesperson or salesperson and a person who deals with him or her.
(Added to NRS by 1981, 513; A 1997, 169)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.400 - Additional information concerning applicants may be required by Division; regulations concerning applications.

1. In addition to the information required by this chapter, applications for brokers’ or salespersons’ licenses must contain such other information pertaining to the applicants as the Division may require.
2. The Division may require such other proof through the application or otherwise, with due regard to the paramount interests of the public as to the honesty, truthfulness, integrity and competency of the applicant.
3. The Commission may adopt regulations connected with the application for any examination and license.
[Part 13:150:1947; A 1949, 433; 1943 NCL § 6396.13]—(NRS A 1979, 1543; 1981, 1609)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.410 - Regulations concerning fees for examination; time for payment of fees.

1. The Commission shall adopt regulations establishing the fee for an examination for a license as a real estate broker, broker-salesperson or salesperson and all other fees necessary for the administration of the examination.
2. Every application for examination for a license as a real estate broker, broker-salesperson or salesperson under the provisions of this chapter must be accompanied by the applicable fees established pursuant to subsection 1. The applicant must pay the original license fee and the fee for the Real Estate Education, Research and Recovery Fund at the time he or she files an application for a license.
[11:150:1947; 1943 NCL § 6396.11]—(NRS A 1963, 670; 1973, 1102; 1975, 795; 1979, 1543; 1981, 1609; 1985, 1266; 1995, 162)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.420 - Action on application by Division; additional investigation; invalidation of license for certain errors in issuance.

1. The Division shall notify each applicant in writing whether the applicant passed or failed the examination.
2. The Division shall act upon all applications for licenses as real estate brokers, broker-salespersons or real estate salespersons within 60 days from the date of receiving the completed application for a license.
3. If in the opinion of the Real Estate Division additional investigation of the applicant appears necessary, the Real Estate Division may extend the 60-day period and may make such additional investigation as is necessary or desirable before acting on the applicant’s application.
4. The burden of proof is on the applicant to establish to the satisfaction of the Real Estate Division that he or she is qualified to receive a license.
5. Passing the examination creates no vested right in the applicant to hold a license pending an appeal of a denial of his or her licensing by the Division.
6. The Division, upon the discovery of any error in the issuance of a license which is related to the qualification or fitness of the licensee, may invalidate the license. The Division shall promptly notify the licensee, in writing, of the invalidation and the licensee shall surrender the license to the Division within 20 days after notice is sent by the Division. A licensee whose license is invalidated under this subsection and is surrendered within the time specified is entitled to a hearing as for a denial of application in accordance with the provisions of NRS 645.440.
[Part 13:150:1947; A 1949, 433; 1943 NCL § 6396.13]—(NRS A 1963, 670; 1973, 1102; 1975, 796; 1977, 611; 1981, 1329, 1609)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.430 - Restrictions on reapplication after applicant denied license on ground other than failure of examination.

If an applicant shall have been denied a license except for failure to pass an examination, the applicant shall not be permitted to reapply until the Real Estate Division shall, in its discretion, upon petition of the applicant, grant leave to file such reapplication.
[Part 13:150:1947; A 1949, 433; 1943 NCL § 6396.13]—(NRS A 1963, 670)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.440 - Denial of application: Notice; hearing; written decision; false statement ground for denial.

1. If the Division, after an application for a license in proper form has been filed with it, accompanied by the proper fee, denies an application, the Division shall give notice of the denial to the applicant within 15 days after its ruling, order or decision.
2. Upon written request from the applicant, filed within 30 days after receipt of that notice by the applicant, the President of the Commission shall set the matter for a hearing to be conducted at the next meeting of the Commission held pursuant to NRS 645.150 after receipt of the applicant’s request if the request is received at least 20 days before the meeting and contains allegations which, if true, qualify the applicant for a license.
3. The hearing must be held at such time and place as the Commission prescribes. At least 15 days before the date set for the hearing, the Division shall notify the applicant and shall accompany the notification with an exact copy of any protest filed, together with copies of all communications, reports, affidavits or depositions in the possession of the Division relevant to the matter in question. Written notice of the hearing may be served by delivery personally to the applicant, or by mailing it by certified mail to the last known address of the applicant.
4. The hearing may be held by the Commission or by a majority of its members, and a hearing must be held, if the applicant so desires. A record of the proceedings, or any part thereof, must be made available to each party upon the payment to the Division of the reasonable cost of transcription.
5. The Commission shall render a written decision on any appeal within 60 days after the final hearing and shall notify the parties to the proceedings, in writing, of its ruling, order or decision within 15 days after it is made.
6. If an applicant has made a false statement of material fact on his or her application, the false statement may in itself be sufficient ground for refusal of a license.
[Part 15:150:1947; A 1955, 80]—(NRS A 1959, 395; 1963, 670; 1969, 95; 1971, 452; 1975, 1548; 1977, 92; 1979, 1544; 1981, 1610; 1985, 1267; 1999, 181; 2007, 1540)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.450 - Time for examinations.

Examination for licenses shall be held by the Real Estate Division at least bimonthly.
[Part 14:150:1947; A 1949, 433; 1943 NCL § 6396.14]—(NRS A 1963, 1074; 1973, 1102; 1975, 1549)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.460 - Examination: Subjects covered; acceptance of national examination.

1. The Division shall ascertain by written examination that the applicant has an appropriate knowledge and understanding of those subjects which commonly and customarily apply to the real estate business.
2. The Division may hire a professional testing organization to create, administer or score the written examination or perform all of those functions.
3. The Division may accept successful completion of the uniform portion of a national real estate examination in partial satisfaction of the requirements of the examination in Nevada.
[Part 14:150:1947; A 1949, 433; 1943 NCL § 6396.14]—(NRS A 1963, 1074; 1973, 1103; 1979, 1545; 1981, 1611)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.475 - Examination for license as broker may be taken before meeting requirements for experience; issuance of license as broker-salesperson upon passing examination; application and experience required for issuance of license as broker.

1. An applicant for a real estate broker’s license may take the written examination before the applicant has complied with the experience requirements of subsection 4 of NRS 645.330, but the Division shall not approve the issuance of a broker’s license until all the requirements of this chapter are met.
2. An applicant, pursuant to subsection 1, who passes the broker’s examination must be issued a broker-salesperson’s license. The applicant may be issued a broker’s license upon:
(a) Making proper application to the Division; and
(b) Satisfying the experience requirements of subsection 4 of NRS 645.330.
(Added to NRS by 1975, 793; A 1979, 1545; 1981, 1611; 1995, 994)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.490 - Issuance of license; duty of Real Estate Division; renewal of license.

1. Upon satisfactorily passing the written examination and upon complying with all other provisions of law and conditions of this chapter, a license shall thereupon be granted by the Division to the successful applicant therefor as a real estate broker, broker-salesperson or salesperson, and the applicant, upon receiving the license, may conduct the business of a real estate broker, broker-salesperson or salesperson in this State.
2. The Division shall issue licenses as a real estate broker, broker-salesperson or salesperson to all applicants who qualify and comply with all provisions of law and all requirements of this chapter.
3. Except as otherwise provided in NRS 645.785:
(a) An original license as a real estate broker, broker-salesperson or salesperson must be renewed with the Division before the expiration of the initial license period of 12 consecutive months as prescribed in NRS 645.780; and
(b) Thereafter, the license must be renewed with the Division before the expiration of each subsequent license period of 24 consecutive months as prescribed in NRS 645.780.
[Part 14:150:1947; A 1949, 433; 1943 NCL § 6396.14] + [Part 15:150:1947; A 1955, 80]—(NRS A 1963, 672; 1979, 1545; 2001, 2893; 2003, 1291; 2009, 1938; 2015, 2781)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.495 - Nonresident licensee required to authorize service of process upon Administrator.

1. No license may be issued pursuant to NRS 645.490 to a resident of a state other than Nevada until the applicant has appointed in writing the Administrator to be his or her agent, upon whom all process, in any action or proceeding against the applicant, may be served. In this writing the applicant must agree that any process against him or her which is served on the Administrator is of the same legal validity as if it had been served on the applicant and state that the appointment continues in force as long as any liability remains outstanding against the applicant in this State. It must contain a stipulation agreeing to venue in any judicial or administrative district in this State without regard to the location of the licensee’s principal place of business. The written appointment must be acknowledged before an officer authorized to take acknowledgments of deeds and must be filed in the office of the Administrator. A copy of the appointment which is certified by the Administrator is sufficient evidence of the appointment and agreement.
2. When any process is served upon the Administrator under this section, the Administrator shall mail the process by certified mail to the last known address of the licensee. Service is complete upon such mailing. The manner of serving process described in this subsection does not affect the validity of any other service authorized by law.
(Added to NRS by 1987, 516)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.510 - Authority of license limited to person or place of business licensed.

No real estate license issued under the provisions of this chapter shall give authority to do or perform any act specified in this chapter to any person other than the person to whom the license is issued, or from any place of business other than that specified therein.
[16:150:1947; 1943 NCL § 6396.16]
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.520 - Form and contents; limitation on association with or employment of broker-salesperson or salesperson.

1. The Division shall issue to each licensee a license in such form and size as is prescribed by the Division.
2. Each license must:
(a) Show the name and address of the licensee, and in case of a real estate broker-salesperson’s or salesperson’s license show the name of the real estate broker with whom he or she will be associated.
(b) Have imprinted thereon the seal of the Division.
(c) Contain any additional matter prescribed by the Division.
3. No real estate broker-salesperson or salesperson may be associated with or employed by more than one broker or owner-developer at the same time.
[Part 17:150:1947; A 1949, 433; 1955, 77]—(NRS A 1963, 673; 1975, 1549; 1979, 1546)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.530 - Delivery; display; maintenance in place of business.

1. The license of each real estate broker-salesperson or salesperson must be delivered or mailed to the real estate broker with whom the licensee is associated or to the owner-developer by whom the licensee is employed and must be kept in the custody and control of the broker or owner-developer.
2. Each real estate broker shall:
(a) Display his or her license conspicuously in the broker’s place of business. If a real estate broker maintains more than one place of business within the State, an additional license must be issued to the broker for each branch office so maintained by the broker, and the additional license must be displayed conspicuously in each branch office.
(b) Maintain in his or her place of business the licenses of all real estate broker-salespersons and salespersons associated with him or her therein or in connection therewith. The licenses must be kept in a secure manner and, upon request, made available for inspection by the public and the Division during usual business hours.
3. Each owner-developer shall maintain in his or her place of business the license of each real estate broker-salesperson and salesperson employed by him or her. The licenses must be kept in a secure manner and, upon request, made available for inspection by the public and the Division during usual business hours.
[Part 17:150:1947; A 1949, 433; 1955, 77]—(NRS A 1975, 1549, 1641; 1979, 1546; 1981, 1034; 2019, 2778)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.550 - Broker required to maintain place of business; business required to be conducted from location designated in license; licensing of broker or owner-developer by county, city or town.

1. Every real estate broker shall have and maintain a definite place of business within the State, which must be a room or rooms used for the transaction of real estate business, or such business and any allied businesses, and which must serve as the office for the transaction of business under the authority of the license, and where the license must be prominently displayed.
2. The place of business must be specified in the application for license and designated in the license.
3. No license authorizes the licensee to transact business from any office other than that designated in the license.
4. Each city, town or county may require a license for revenue purposes for a licensed real estate broker or owner-developer who maintains an office within the city or town, or within the county outside the cities and towns of the county, respectively.
[Part 17:150:1947; A 1949, 433; 1955, 77]—(NRS A 1969, 893; 1973, 84; 1979, 1547)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.560 - Broker: Erection, maintenance, size and placement of signs.

1. Each licensed real estate broker shall erect and maintain a sign in a conspicuous place upon the premises of his or her place of business. The name of the broker or the name under which the broker conducts his or her business set forth in the license must be clearly shown thereon.
2. The size and place of the sign must conform to regulations adopted by the Commission.
3. Similar signs must also be erected and maintained in a conspicuous place at all branch offices.
[18:150:1947; 1943 NCL § 6396.18]—(NRS A 1979, 1547; 1989, 1610)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.570 - Notice of change of name, location of business or association; requirements for transfer of association; effect of failure to give notice.

1. Notice in writing must be given by the broker or a corporate officer to the Division within 10 days of any change of name or business location of any licensee or of a change of association of any broker-salesperson or salesperson licensee. Upon the surrender of the license previously issued and the payment of the fee required by law the Division shall issue the license for the unexpired term.
2. Upon the transfer of association of any broker-salesperson or salesperson licensee, application accompanied by the fee required by law must be made to the Division for the reissuance of the license to the broker-salesperson or salesperson for the unexpired term. Such a transfer may only be into an association with a licensed broker or registered owner-developer who must certify to the honesty, truthfulness and good reputation of the transferee.
3. Failure to give notice as required by this section constitutes cause for the revocation of any outstanding license or involuntary inactivation of the license.
[Part 17:150:1947; A 1949, 433; 1955, 77]—(NRS A 1963, 673; 1975, 1550, 1641; 1979, 1547; 1983, 166)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.577 - Placement of license on inactive status; reinstatement.

1. The Division may place a license on inactive status for any of the following reasons:
(a) At the request of the licensee.
(b) If a broker’s license or a corporate officer’s license, for failure to immediately notify the Division in writing of any change in the name of the licensee’s firm or its business location.
(c) If a broker-salesperson’s license or a salesperson’s license, for failure to notify the Division of a change in the broker or owner-developer with whom the licensee will be associated within 30 days after the licensee’s previous association was terminated.
(d) For failure to apply and pay the fee for renewal before the license expired.
(e) If inactivated upon the placing of the broker under whose supervision the licensee worked in an inactive status.
(f) As a result of a formal disciplinary proceeding.
2. Any licensee whose license has been placed on inactive status may not engage in the business of a real estate broker, broker-salesperson or salesperson until the licensee has met all of the requirements for reinstatement of his or her license to active status.
(Added to NRS by 1979, 1532; A 1985, 1267)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.580 - Termination of association or employment of broker-salesperson or salesperson; duties of broker or owner-developer and broker-salesperson or salesperson; transfer of license or new license.

1. When any real estate broker-salesperson or salesperson terminates, for any reason, his or her association with the real estate broker with whom he or she was associated, or his or her employment with the owner-developer by whom he or she was employed, the real estate broker or owner-developer shall:
(a) Deliver or mail by certified mail to the Division the real estate broker-salesperson’s or salesperson’s license, together with a written statement of the circumstances surrounding the termination of the association or the employment, within 10 days after the termination occurs.
(b) At the time of delivering or mailing the license to the Division, address a communication to the last known residence address of the broker-salesperson or salesperson, advising him or her that the license has been delivered or mailed to the Division. A copy of the communication must accompany the license when delivered or mailed to the Division.
2. A broker-salesperson or salesperson must, within 30 days after termination of that association, become associated with or employed by another broker or owner-developer or request that the license be placed on inactive status.
3. It is unlawful for any real estate salesperson to perform any of the acts contemplated by this chapter, either directly or indirectly, under authority of the license on or after the date of receipt of the license from the broker or owner-developer by the Division and until the license is transferred or reissued or a new license is issued.
[Part 17:150:1947; A 1949, 433; 1955, 77]—(NRS A 1963, 674; 1969, 95; 1975, 1550, 1641; 1979, 1548; 1981, 1034; 1989, 1611)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.590 - Termination of association by broker with limited-liability company, partnership or corporation; new license.

If any real estate broker licensed pursuant to the provisions of this chapter as a manager of a limited-liability company, member of a partnership, or as an officer of a corporation, discontinues his or her connections with the limited-liability company, partnership or corporation, and thereafter desires to act as an individual real estate broker, or become associated with any other limited-liability company, partnership or corporation, the broker must file an application and pay a transfer fee of $20 for a new license as an individual broker, as the manager of the new limited-liability company, or as a member of the new partnership or association, or as an officer of the new corporation. The payment of such a fee does not extend or otherwise alter the original license period.
[Part 17:150:1947; A 1949, 433; 1955, 77]—(NRS A 1973, 1103; 1985, 1268; 1997, 169)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.600 - Inactive status for period of military service; reinstatement.

1. Any licensee under the provisions of this chapter who shall be called into the military service of the United States shall, at his or her request, be relieved from compliance with the provisions of this chapter and placed on inactive status for the period of such military service and for a period of 6 months after discharge therefrom.
2. At any time within 6 months after termination of such service, providing the provisions of subsection 1 are complied with, the licensee may be reinstated, without examination, to active status in the appropriate classification which the licensee left upon entry into the military service, without having to meet any qualification or requirement other than the payment of the reinstatement fee, as provided in NRS 645.830, and the licensee shall not be required to make payment of the license fee for the current year.
3. Any licensee seeking to qualify for reinstatement, as provided in subsections 1 and 2, shall present a certified copy of his or her honorable discharge or certificate of satisfactory service to the Real Estate Division.
[33.5:150:1947; added 1955, 18]—(NRS A 1963, 674)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.605 - Certificate authorizing out-of-state licensed broker to cooperate with broker in Nevada: Issuance; fee; regulations.

The Administrator shall have authority to issue certificates authorizing out-of-state licensed brokers to cooperate with Nevada brokers, and the Commission shall have authority to promulgate rules and regulations establishing the conditions under which such certificates shall be issued and cancelled, all subject to the provisions and penalties of this chapter. The Real Estate Division shall charge a fee for the issuance of such certificate as provided in NRS 645.830.
(Added to NRS by 1965, 1407)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.6051 - Broker required to maintain record of work performed on residential property; contents of record.

1. A person licensed pursuant to this chapter as a real estate broker, real estate broker-salesperson or real estate salesperson shall maintain a record of all work performed on a residential property that the person assists a client in scheduling pursuant to subsection 12 of NRS 624.031.
2. The record required by subsection 1 must include, without limitation:
(a) The name of any person licensed pursuant to chapter 624 of NRS who performs such work;
(b) The date on which the work was performed;
(c) A copy of any written contract to perform the work; and
(d) A copy of any invoice prepared in connection with the work.
3. As used in this section, "residential property" has the meaning ascribed to it in NRS 624.031.
(Added to NRS by 2013, 580; A 2017, 3965)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.6052 - Permit to engage in property management: Persons eligible; requirements; instruction; expiration; renewal; regulations.

1. A person who is licensed pursuant to this chapter as a real estate broker, real estate broker-salesperson or real estate salesperson may apply to the Real Estate Division for a permit to engage in property management.
2. An applicant for a permit must:
(a) Furnish proof satisfactory to the Division that the applicant has successfully completed at least 24 classroom hours of instruction in property management; and
(b) Comply with all other requirements established by the Commission for the issuance of a permit.
3. A permit expires, and may be renewed, at the same time as the license of the holder of the permit.
4. An applicant for the renewal of a permit must:
(a) Furnish proof satisfactory to the Division that the applicant has successfully completed at least 3 of the hours of the 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 concerning property management; and
(b) Comply with all other requirements established by the Commission for the renewal of a permit.
5. The Commission may adopt such regulations as it determines are necessary to carry out the provisions of this section. The regulations may, without limitation:
(a) Establish additional requirements for the issuance or renewal of a permit.
(b) Establish fees for the issuance and renewal of a permit and fees to pay the costs of:
(1) Any examination for a permit, including any costs which are necessary for the administration of such an examination.
(2) Any investigation of an applicant’s background.
(c) Set forth standards of education for the approval of a course of instruction to qualify an applicant for a permit.
(Added to NRS by 1997, 954; A 2003, 1292; 2007, 1542)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.6054 - Permit to engage in property management: Requirements for certain organizations.

1. To engage in the business of property management 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 broker who conducts business as a sole proprietor shall designate a person who is licensed under the broker,
to submit an application for a permit to engage in property management. The partnership, corporation, limited-liability company or sole proprietor shall not engage in the business of property management unless the person so designated has been issued a permit to engage in property management by the Real Estate Division.
2. If the person designated to apply for a permit pursuant to subsection 1 meets the qualifications for a permit set forth in NRS 645.6052, the Division shall issue to that person a permit to engage in property management on behalf of the partnership, corporation, limited-liability company or sole proprietor, and thereupon the person may perform all the acts of a property manager contemplated by this chapter.
3. A person to whom a permit has been issued pursuant to this section may act as a property manager 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 645.6052 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 or limited-liability company, other than the person designated as the property manager pursuant to subsection 1, who wishes to engage in the business of property management must apply in his or her own name individually for a separate permit to engage in property management. Pursuant to such a permit, the member, officer or employee of a partnership, corporation or limited-liability company may act as a property manager only as an officer or agent of the partnership, corporation or limited-liability company, and not on his or her own behalf.
(Added to NRS by 1997, 955)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.6055 - Designated property managers: Requirements; qualifications; duties.

1. If a real estate broker does not hold a permit to engage in property management but intends to have property management activities conducted at an office, the real estate broker must:
(a) Appoint a person, who has the qualifications required by this section, as the designated property manager for the office to supervise the property management activities conducted at the office; and
(b) Submit notice of the appointment to the Division.
2. The designated property manager 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 property management; and
(c) Has 2 years active experience, within the 4 years immediately preceding the date of the appointment, in conducting property management activities in the United States as a licensed real estate broker, real estate broker-salesperson or real estate salesperson.
3. While acting as the designated property manager for an office, the person:
(a) Must comply with the provisions of NRS 645.6052 to 645.6058, inclusive, and all other applicable provisions of this chapter; and
(b) Is subject to all the remedies and penalties provided for in this chapter.
(Added to NRS by 2003, 1287)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.6056 - Property management agreements: Requirements; contents.

1. A real estate broker who holds a permit to engage in property management shall not act as a property manager unless the broker has first obtained a property management agreement signed by the broker and the client for whom the broker will manage the property.
2. A property management agreement must include, without limitation:
(a) The term of the agreement and, if the agreement is subject to renewal, provisions clearly setting forth the circumstances under which the agreement may be renewed and the term of each such renewal;
(b) A provision for the retention and disposition of deposits of the tenants of the property during the term of the agreement and, if the agreement is subject to renewal, during the term of each such renewal;
(c) The fee or compensation to be paid to the broker;
(d) The extent to which the broker may act as the agent of the client;
(e) If the agreement is subject to cancellation, provisions clearly setting forth the circumstances under which the agreement may be cancelled. The agreement may authorize the broker or the client, or both, to cancel the agreement with cause or without cause, or both, under the circumstances set forth in the agreement; and
(f) If the broker intends to provide asset management services for the client, a provision indicating the extent to which the broker will provide those services. As used in this paragraph, "client" has the meaning ascribed to it in NRS 645H.060.
(Added to NRS by 1997, 955; A 2003, 932; 2011, 2832)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.6058 - Disposition of fees, penalties and fines received by Division; delegation of authority of Division to hearing officer or panel.

1. Except as otherwise provided in subsection 3, all fees, penalties and fines received by the Division pursuant to the provisions of NRS 645.6052 to 645.6058, inclusive, must be deposited with the State Treasurer for credit to the Division. The money must be used by the Division for the administration of the provisions of NRS 645.6052 to 645.6058, inclusive.
2. The Division may delegate to a hearing officer or panel its authority to take any disciplinary action against property managers, impose and collect fines pursuant to the disciplinary action and deposit the money with the State Treasurer for credit to the Division.
3. If a hearing officer or panel is not authorized to take disciplinary action pursuant to subsection 2, the Division shall deposit the money collected from the imposition of penalties and fines collected from property managers with the State Treasurer for credit to the State General Fund. The Division may present a claim to the State Board of Examiners for recommendation to the Interim Finance Committee if money is needed to pay an attorney’s fee or the costs of an investigation, or both.
(Added to NRS by 1997, 956; A 2003, 1293)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.610 - Investigation of actions of licensees and other persons.

The Administrator may investigate the actions of any real estate broker, broker-salesperson, salesperson, owner-developer or any person who acts in any such capacity within this State.
[Part 20:150:1947; 1943 NCL § 6396.20]—(NRS A 1963, 675; 1975, 1551; 1979, 1548)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.615 - Duty to report certain convictions and pleas to Division.

1. A licensee, property manager or owner-developer shall notify the Division in writing if he or she is convicted of, or enters a plea of guilty, guilty but mentally ill or nolo contendere to:
(a) A felony relating to the practice of the licensee, property manager or owner-developer; or
(b) Any crime involving fraud, deceit, misrepresentation or moral turpitude.
2. A licensee, property manager or owner-developer shall submit the notification required by subsection 1:
(a) Not more than 10 days after the conviction or entry of the plea of guilty, guilty but mentally ill or nolo contendere; and
(b) When submitting an application to renew a license, permit or registration issued pursuant to this chapter.
(Added to NRS by 2007, 1539)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.620 - Maintenance by Division of record of complaints, investigations and denials of applications.

The Division shall maintain in each district office a public docket or other record in which it shall record from time to time as made:
1. The rulings or decisions upon all complaints filed with that district office.
2. All investigations instituted by that district office in the first instance, upon or in connection with which any hearing has been held, or in which the licensee charged has made no defense.
3. Denials of applications made to that district office for examination or licensing.
[Part 23:150:1947; 1943 NCL § 6396.23]—(NRS A 1963, 675; 1979, 1548; 1995, 163)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.625 - Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records.

1. Except as otherwise provided in this section and NRS 239.0115, a complaint filed with the Division alleging a violation of this chapter, all documents and other information filed with the complaint and all documents and other information compiled as a result of an investigation conducted to determine whether to initiate disciplinary action are confidential and may be disclosed in whole or in part only as necessary in the course of administering this chapter or to a licensing board or agency or any other governmental agency, including, without limitation, a law enforcement agency, that is investigating a person who holds a license, permit or registration issued pursuant to this chapter.
2. A complaint or other document filed with the Commission to initiate disciplinary action and all documents and information considered by the Commission when determining whether to impose discipline are public records.
(Added to NRS by 2003, 3464; A 2005, 1292; 2007, 1542, 2147)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.635 - Additional grounds for disciplinary action: Unprofessional and improper conduct relating to real estate transactions.

The Commission may take action pursuant to NRS 645.630 against any person subject to that section who is guilty of:
1. Offering real estate for sale or lease without the knowledge and consent of the owner or the owner’s authorized agent or on terms other than those authorized by the owner or the owner’s authorized agent.
2. Negotiating a sale, exchange or lease of real estate, or communicating after such negotiations but before closing, directly with a client if the person knows that the client has a brokerage agreement in force in connection with the property granting an exclusive agency, including, without limitation, an exclusive right to sell to another broker, unless permission in writing has been obtained from the other broker.
3. Failure to deliver within a reasonable time a completed copy of any purchase agreement or offer to buy or sell real estate to the purchaser or to the seller, except as otherwise provided in subsection 4 of NRS 645.254.
4. Failure to deliver to the seller in each real estate transaction, within 10 business days after the transaction is closed, a complete, detailed closing statement showing all of the receipts and disbursements handled by him or her for the seller, failure to deliver to the buyer a complete statement showing all money received in the transaction from the buyer and how and for what it was disbursed, or failure to retain true copies of those statements in his or her files. The furnishing of those statements by an escrow holder relieves the broker’s, broker-salesperson’s or salesperson’s responsibility and must be deemed to be in compliance with this provision.
5. Representing to any lender, guaranteeing agency or any other interested party, verbally or through the preparation of false documents, an amount in excess of the actual sale price of the real estate or terms differing from those actually agreed upon.
6. Failure to produce any document, book or record in his or her possession or under his or her control, concerning any real estate transaction under investigation by the Division.
7. Failure to reduce a bona fide offer to writing where a proposed purchaser requests that it be submitted in writing, except as otherwise provided in subsection 4 of NRS 645.254.
8. Failure to submit all written bona fide offers to a seller when the offers are received before the seller accepts an offer in writing and until the broker has knowledge of that acceptance, except as otherwise provided in subsection 4 of NRS 645.254.
9. Refusing because of race, color, national origin, sex, sexual orientation, gender identity or expression, or ethnic group to show, sell or rent any real estate for sale or rent to qualified purchasers or renters.
10. Knowingly submitting any false or fraudulent appraisal to any financial institution or other interested person.
11. Any violation of NRS 645C.557.
(Added to NRS by 1979, 1533; A 1985, 1270; 1995, 2077; 2001, 2895; 2007, 1789; 2009, 1509; 2017, 1077)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.645 - Additional grounds for disciplinary action: Unprofessional and improper conduct relating to sale of insurance for home protection.

The Commission may take action pursuant to NRS 645.630 against any person selling insurance for home protection, as defined in NRS 690B.100, under the authority of a license issued pursuant to this chapter who:
1. Makes a misrepresentation in the sale of insurance for home protection.
2. Misrepresents the provisions of the contract of insurance for home protection.
3. Misappropriates any fees or premiums collected for the insurance for home protection.
(Added to NRS by 1981, 1323)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.647 - Additional grounds for disciplinary action: Failure to pay money to Commission or Division.

In addition to any other remedy or penalty, the Commission or the Division, as appropriate, may:
1. Refuse to issue a license, permit, certificate or registration to a person who has failed to pay money which the person owes to the Commission or the Division.
2. Refuse to renew, or suspend or revoke, the license, permit, certificate or registration of a person who has failed to pay money which the person owes to the Commission or the Division.
(Added to NRS by 2003, 1289)
2023 Nevada Revised Statutes › Chapter 645 - Real Estate Brokers and Salespersons › NRS 645.648 - Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Effective until 2 years after the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

1. If the Division receives a copy of a court order issued pursuant to NRS 425.540 that provides for the suspension of all professional, occupational and recreational licenses, certificates and permits issued to a person who is the holder of a license as a real estate broker, broker-salesperson or salesperson, the Division shall deem the license issued to that person to be suspended at the end of the 30th day after the date on which the court order was issued unless the Division receives a letter issued to the holder of the license by the district attorney or other public agency pursuant to NRS 425.550 stating that the holder of the license has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.
2. The Division shall reinstate a license as a real estate broker, broker-salesperson or salesperson that has been suspended by a district court pursuant to NRS 425.540 if the Division receives a letter issued by the district attorney or other public agency pursuant to NRS 425.550 to the person whose license was suspended stating that the person whose license was suspended has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.
(Added to NRS by 1997, 2164; A 2005, 2807)