reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.0265 - "Exclusive right to sell or lease listing agreement" defined

Current through June 11, 2024
"Exclusive right to sell or lease listing agreement" means an
				agreement that:
1. Meets the
			 requirements of
			 NRS
			 645.320;
2. Grants the broker the exclusive right to
			 represent the seller or lessor in the sale or lease of any property;
			 and
3. Provides the broker with the
			 expectation of receiving compensation if the broker, the seller or any other
			 person produces a purchaser or tenant in accordance with the terms specified in
			 the exclusive right to sell or lease listing agreement or if the property is
			 sold or leased during the term of the exclusive right to sell or lease listing
			 agreement to any person other than a person who is specifically exempted under
			 the exclusive right to sell or lease listing agreement.
Added to NAC by Real
				Estate Comm'n by R165-07, eff. 4-17-2008
NRS
				  645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.027 - "Franchise" defined (Repealed)

Current through June 11, 2024
Real Estate Adv. Comm'n,
				§I subsec. 13, eff. 12-30-76-NAC A by Real Estate Comm'n, 8-21-81;
				8-26-83; R by
				R199-22A,
				eff. 6/4/2024
NRS 645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.040 - "Inactive renewed status" defined

Current through June 11, 2024
"Inactive renewed status" means that a licensee holds a current
				unsuspended or unrevoked license, but the license has been voluntarily
				cancelled or involuntarily inactivated and the licensee may not transact any
				real estate business until the licensee reinstates the license to active
				status. When a licensee is on inactive renewed status, the Division shall keep
				his or her license.
Real Estate Adv. Comm'n,
				§I subsec. 6, eff. 10-31-75; A by
				R199-22A,
				eff. 6/4/2024
NRS 645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.042 - "Involuntarily inactivate" defined

Current through June 11, 2024
"Involuntarily inactivate" means to transfer a license from
				active status to inactive renewed status at the initiative of the Division and
				not at the request of the licensee.
Real Estate Adv. Comm'n,
				§ I subsec. 7, eff. 10-31-75-NAC A by Real Estate Comm'n by R031-04,
				11-30-2004
NRS
				  645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.043 - "Licensee" defined

Current through June 11, 2024
"Licensee" means any person who holds a license as a real
				estate broker, broker-salesperson or salesperson pursuant to chapter 645 of
				NRS.
Added to NAC by Real
				Estate Comm'n, eff. 12-16-82
NRS
				  645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.045 - "Owner-developer" defined (Repealed)

Current through June 11, 2024
Real Estate Adv. Comm'n,
				§ I subsec. 8, eff. 10-31-75; R by
				R060-20A,
				eff. 12/29/2020
NRS
				645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.046 - "Postlicensing education" defined

Current through June 11, 2024
"Postlicensing education" means the postlicensing curriculum of
				continuing education that, pursuant to
				NRS
				645.575, a person is required to complete
				within the first year after his or her initial licensing.
Added to NAC by Real
				Estate Comm'n by R031-04, eff. 11-30-2004
NRS
				  645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.047 - "Principal place of business" defined

Current through June 11, 2024
"Principal place of business" means the principal office of a
				licensed real estate broker which he or she uses to conduct a general real
				estate business.
Real Estate Adv. Comm'n,
				§ I subsec. 11, eff. 12-20-75
NRS
				  645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.050 - "Reinstatement" defined

Current through June 11, 2024
"Reinstatement" means the return to active status.
Real Estate Adv. Comm'n,
				§ I subsec. 9, eff. 10-31-75
NRS
				  645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.0515 - "Signature" defined

Current through June 11, 2024
"Signature" means a name, word, symbol or mark executed or
				otherwise adopted, or a record encrypted or similarly processed in whole or in
				part, by a person with the present intent to identify himself or herself and
				adopt or accept a record. The term includes, without limitation, an electronic
				signature as defined in
				NRS
				719.100.
Added to NAC by Real
				Estate Comm'n by R123-06, eff. 6-1-2006
NRS
				  645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.052 - "Single-family residence" defined

Current through June 11, 2024
"Single-family residence," for the purposes of
				NRS
				645.018, includes, without limitation, an
				attached residential dwelling, a condominium, a cooperative apartment, a
				manufactured home and a townhouse unit.
Added to NAC by Real
				Estate Comm'n, eff. 8-21-81; A by R031-04,
				11-30-2004
NRS
				  645.018,
				  645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.055 - "Voluntary cancellation" defined (Repealed)

Current through June 11, 2024
Real Estate Adv. Comm'n,
				§ I subsec. 10, eff. 10-31-75; R by
				R060-20A,
				eff. 12/29/2020
NRS
				645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.070 - Severability of provisions

Current through June 11, 2024
If any provision of these regulations, or the application
				thereof to any person, thing, or circumstance is held invalid, such invalidity
				does not affect the provisions or application of these regulations which can be
				given effect without the invalid provision or application, and to this end the
				provisions of these regulations are declared to be severable.
Real Estate Adv. Comm'n,
				§ II subsec. 2, eff. 10-31-75-Substituted in revision for NAC
				645.920
NRS
				  645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.Sec. 2 - NEW

Current through June 11, 2024
1. The Administrator may designate any course
			 of instruction sponsored by the Division to be delivered to certain areas by
			 means of distance education in lieu of classroom instruction. The Division may
			 issue credit for continuing education pursuant to NAC
			 645.450 for any course of
			 instruction delivered pursuant to this subsection.
2. Credits for any course of instruction
			 delivered by means of distance education pursuant to subsection 1 may be
			 applied toward classroom credits to meet the requirements of subsection 4 of
			 NAC 645.448 or subsection 5 of
			 section 52.
3. Notwithstanding the
			 provisions of paragraph (e) of subsection 4 of NAC
			 645.450, the Division shall issue
			 credits for continuing education to attendees of courses for the development of
			 instructors that are sponsored by the Division and are delivered by means of
			 distance education pursuant to subsection 1.
Added
				to NAC by Real Estate Comm'n by
				R060-20A,
				eff. 12/29/2020
NRS
				645.190 and
				645.575
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.Sec. 3 - NEW

Current through June 11, 2024
1. In accordance with the provisions of
			 paragraph (a) of subsection 3 of
			 NRS
			 645.575, a licensee who is 65 years of age or
			 older and has been licensed in good standing as a real estate broker, real
			 estate broker-salesperson or real estate salesperson in this State for 30 years
			 or longer at the time of the submission of his or her application pursuant to
			 this subsection may apply to the Division for an exemption, on a form
			 prescribed by the Division, from the requirement to complete continuing
			 education required for the renewal of his or her license pursuant to NAC
			 645.448.
2. If an application for an exemption
			 pursuant to subsection 1 is approved, the licensee must instead successfully
			 complete at least 12 hours of continuing education if the licensee is a real
			 estate salesperson or 15 hours of continuing education if the licensee is a
			 real estate broker or real estate broker-salesperson. Such continuing education
			 must be devoted to ethics, professional conduct or the legal aspects of real
			 estate, and must include 3 hours in each of the following areas:
(a) Agency relationships.
(b) Nevada law.
(c) Contracts.
(d) Ethics.
(e) Broker management, if the licensee is a
			 real estate broker or real estate broker-salesperson.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › GENERAL PROVISIONS › Section 645.Sec. 4 - NEW

Current through June 11, 2024
Except as otherwise provided by law, a licensee may use a
				nickname to advertise services offered for which a license is required pursuant
				to chapter 645 of NRS only if:
1. The
			 nickname is not materially misleading as to the identity, affiliation or nature
			 of the services of the licensee;
2.
			 The nickname does not use any combination of numbers or spaces;
3. The nickname would not create a reasonable
			 expectation that the licensee intends to engage in any discriminatory practices
			 in violation of
			 NRS
			 645.321; and
4. The advertising complies with all other
			 applicable provisions of this chapter and chapter 645 of NRS.
Added
				to NAC by Real Estate Comm'n by
				R060-20A,
				eff. 12/29/2020
NRS
				645.190 and
				645.315
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › ADMINISTRATION › Section 645.075 - Distribution of booklet concerning certain disclosures required in sale of residential property

Current through June 11, 2024
1. The Division
			 shall make copies of the booklet prepared pursuant to
			 NRS
			 645.194 available to licensees using one or
			 more of the following methods of distribution:
(a) Making a printable version of the booklet
			 available on the Division's website.
(b) Providing an electronic copy of the
			 booklet to each approved school, instructor and sponsor of real estate
			 education courses.
(c) Authorizing
			 any person to reproduce the most recent version of the booklet without
			 obtaining the approval of the Division.
(d) Mailing a printed copy of the booklet to
			 any licensee upon the request of the licensee.
(e) Any other method of distribution deemed
			 appropriate by the Division.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › ADMINISTRATION › Section 645.080 - Investigations of background: Fee

Current through June 11, 2024
The fee for the investigation of the background of an
				applicant, licensee, certificate holder, registrant or permit holder will not
				exceed the actual cost to conduct the investigation.
Added to NAC by Real
				Estate Comm'n by R050-04, eff. 8-25-2004
NRS
				  645.190,
				  645.6052,
				  645.830
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › ADMINISTRATION › Section 645.085 - Check or draft returned to Division for lack of payment: Sanctions; fee

Current through June 11, 2024
1. If a person submits a check or draft to
			 the Division to obtain a certificate, approval, accreditation or other type of
			 authorization to engage in an activity for which authorization is required
			 pursuant to this chapter, or chapter 645 of NRS, and the check or draft is
			 returned to the Division because the person had insufficient money or credit
			 with the drawee to pay the check or draft or because the person stopped payment
			 on the check or draft:
(a) The certificate,
			 approval, accreditation or other type of authorization obtained by the person
			 from the Division is involuntarily inactivated; or
(b) If the person has not obtained the
			 certificate, approval, accreditation or other type of authorization from the
			 Division, the Division may refuse to issue or reinstate the
			 authorization.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › ADMINISTRATION › Section 645.095 - Denial of application, license or permit; proof of moral character; appeal

Current through June 11, 2024
1. The Division may
			 deny any application for registration as an owner-developer, a license or a
			 permit issued by the Division pursuant to this chapter or chapter 645 of NRS
			 for any reason which is sufficient to deny a license pursuant to
			 NRS
			 645.330 or when one or more of the following
			 conditions exist:
(a) The application is not
			 in proper form;
(b) The application
			 is not accompanied by the required fees;
(c) The accompanying forms are incomplete or
			 otherwise unsatisfactory;
(d) The
			 application contains a false statement;
(e) Other deficiencies appear in the
			 application;
(f) An investigation
			 fails to show affirmatively that the applicant possesses the necessary
			 qualifications, including, without limitation, good moral character and
			 financial responsibility;
(g) The
			 applicant has willfully acted or attempted to act in violation of chapter 113,
			 116, 119, 119A, 645, 645A, 645C or 645D of NRS or the regulations adopted
			 pursuant thereto, or has willfully aided and abetted another to act or attempt
			 to act in violation of those chapters or regulations;
(h) The check used in paying the required
			 fees for the registration, license or permit is not honored by the financial
			 institution upon which it is drawn; or
(i) If the application is for registration as
			 an owner-developer, the applicant fails to verify that he or she is a licensed
			 contractor in this State.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.100 - Applicant for license as real estate salesperson: Minimum age; requirements

Current through June 11, 2024
An applicant for a license as a real estate salesperson
				must:
1. Be at least 18 years of age;
			 and
2. Include with an application
			 submitted to the Division pursuant to
			 NRS
			 645.350:
(a)
			 His or her fingerprint card as required pursuant to
			 NRS
			 645.355;
(b) Proof that the applicant has satisfied
			 the educational requirements for a license as a real estate salesperson as set
			 forth in
			 NRS
			 645.343;
(c) In accordance with
			 NRS
			 645.358, the statement prescribed by the
			 Division of Welfare and Supportive Services of the Department of Health and
			 Human Services pursuant to
			 NRS
			 425.520;
(d) Proof that the applicant has received a
			 passing grade as described in NAC 645.220 on the examination for the
			 license;
(e) The verified statement
			 required by
			 NRS
			 645.350;
(f) Any information required pursuant to NAC
			 645.150, including, without limitation, proof of honesty, truthfulness and good
			 reputation; and
(g) The required
			 fees.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.101 - Applicant for license as real estate broker-salesperson: Requirements

Current through June 11, 2024
An
			 applicant for a license as a real estate broker-salesperson must satisfy the
			 requirements for a license as a real estate salesperson as set forth in NAC
			 645.100 except the educational requirements set forth in paragraph (b) of
			 subsection 2 of NAC 645.100. In lieu of providing proof that he or she has
			 satisfied the educational requirements for a license as a real estate
			 salesperson, the applicant must include with an application submitted to the
			 Division pursuant to
			 NRS
			 645.350 proof that he or she has satisfied
			 the educational requirements for a license as a real estate broker-salesperson
			 as set forth in
			 NRS
			 645.343.
Added to NAC by Real Estate Comm'n
			 by R111-01, eff. 12-17-2001
NRS
			 645.190,
			 645.400
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.102 - Applicant for license as real estate broker: Requirements

Current through June 11, 2024
1. Before a person who wishes to apply for a
			 license as a real estate broker submits an application for the license pursuant
			 to
			 NRS
			 645.350, the person must obtain approval of
			 his or her financial condition from the Division pursuant to NAC
			 645.120.
2. An applicant for a
			 license as a real estate broker must satisfy the requirements for a license as
			 a real estate salesperson as set forth in NAC 645.100 except the educational
			 requirements set forth in paragraph (b) of subsection 2 of NAC 645.100. In lieu
			 of providing proof that he or she has satisfied the educational requirements
			 for a license as a real estate salesperson, the applicant must include with an
			 application submitted to the Division pursuant to
			 NRS
			 645.350 proof that he or she has satisfied
			 the educational requirements for a license as a real estate broker as set forth
			 in
			 NRS
			 645.343.
3. In addition to satisfying the requirements
			 set forth in subsection 2, an applicant for a license as a real estate broker
			 must include with the application he or she submits to the Division pursuant to
			 NRS
			 645.350 proof that the applicant has
			 satisfied the experience requirements for a license as a real estate broker as
			 set forth in subsection 4 of
			 NRS
			 645.330.
Added to NAC by Real Estate Comm'n
			 by R111-01, eff. 12-17-2001; A by R025-10,
			 12-16-2010
NRS
			 645.190,
			 645.400
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.105 - Preparation of application

Current through June 11, 2024
Each application must be completed personally
			 by the applicant. Members of the Commission or employees of the Division are
			 expressly prohibited from helping a person prepare his or her license
			 application.
Real Estate Adv. Comm'n, §
			 III part subsec. 1 § subsec. 2, eff. 10-31-75-NAC A by Real Estate Comm'n,
			 8-26-83
NRS
			 645.190,
			 645.400
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.115 - Application by partnership, limited-liability company or corporation

Current through June 11, 2024
If an
			 applicant for a license is a partnership, limited-liability company or
			 corporation, the applicant must file with the Division a certified or verified
			 copy of the partnership agreement, articles of organization or articles of
			 incorporation, as appropriate.
Real Estate Adv. Comm'n, §
			 III subsec. 5, eff. 10-31-75-NAC A by Real Estate Comm'n, 8-21-81; 6-3-86;
			 R031-04, 11-30-2004
NRS
			 645.190,
			 645.400
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.120 - Financial condition of applicant for license as real estate broker

Current through June 11, 2024
1. Before a person
			 who wishes to apply for a license as a real estate broker submits an
			 application for the license pursuant to
			 NRS
			 645.350, the Division shall consider the
			 financial condition of the person and require the person to submit to the
			 Division the following financial information:
(a) The person's current employer and the
			 employer's address;
(b) The
			 person's checking accounts with amounts;
(c) The person's savings accounts with
			 amounts; and
(d) Such other
			 information concerning the person's finances as the Division deems
			 pertinent.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.140 - Requirement of instruction

Current through June 11, 2024
1. An applicant for
			 an original license must submit a certificate from an accredited educational
			 institution or an institution approved by the Division, on behalf of the
			 Commission, as proof that the applicant has successfully completed the course
			 or courses of instruction required in
			 NRS
			 645.343. If the applicant states in his or
			 her application that he or she has completed any of the courses at a university
			 or community college the applicant must have the college or university furnish
			 the Division with an official transcript of his or her record.
The
			 Division may allow substitution of those courses already completed and may
			 require additional instruction as is necessary to complete the course of
			 instruction required in
			 NRS
			 645.343.
2. Mere attendance in a classroom does not
			 constitute successful completion of a course.
3. Proof of active experience as a real
			 estate salesperson must be made on a form provided by the Division and attested
			 by the applicant's broker or brokers.
4. For the purposes of subsection 4 of
			 NRS
			 645.343, the substitution of each 2 years'
			 active experience for 16 semester units of college level courses applies to
			 experience as a real estate salesperson or broker in this State, any other
			 state or the District of Columbia. No substitution may be made for any period
			 which is less than 2 years.
Real Estate Adv. Comm'n, §
			 III subsecs. 21-23, eff. 1-4-78; A 4-20-78-NAC A by Real Estate Comm'n,
			 8-21-81; 12-16-82; 8-26-83; 4-27-84; A by
			 R060-20A,
			 eff. 12/29/2020
NRS
			 645.190,
			 645.343,
			 645.345
			 and
			 645.400
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.141 - Requirement of active experience

Current through June 11, 2024
1. The Division
			 will require a verified statement from an employing broker or a real estate
			 broker-salesperson who is acting as manager of a principal or branch office
			 pursuant to NAC 645.178 indicating extended experience of any licensee
			 associated with the broker or broker-salesperson in order to determine the
			 extent of experience the licensee has gained while associated with the broker
			 or broker-salesperson.
2. This
			 information must be reported on a form provided by the Division which must
			 request the following information:
(a) The
			 period of association with the broker or broker-salesperson.
(b) The average number of hours worked per
			 week for, or under the supervision of, the broker or
			 broker-salesperson.
(c) Any other
			 information concerning the activities of the licensee which should be
			 considered as contributing towards the licensee's experience while associated
			 with the broker or broker-salesperson.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.150 - Investigation of financial responsibility of applicant for license as real estate broker; proof of good character of any applicant

Current through June 11, 2024
1. The Division may investigate the financial
			 responsibility of each applicant for a license as a real estate broker. If the
			 Division determines that an applicant is not financially responsible, it may
			 require that the applicant be licensed as a real estate broker-salesperson
			 until he or she meets the requirements of financial responsibility as
			 determined by the Commission. The Division may require an applicant for a
			 license as a real estate broker to submit a credit report to the Division at
			 his or her own expense.
2. An
			 applicant for a license as a real estate broker shall be deemed financially
			 responsible if the applicant can show liquid assets sufficient to maintain an
			 office for at least 180 days. The applicant's cash on hand must be on deposit
			 at least 90 days before the date of the application. Anyone denied a license
			 for lack of financial responsibility does not waive his or her right to appeal
			 pursuant to
			 NRS
			 645.440 by acceptance of a license as a real
			 estate broker-salesperson.
3. The
			 Administrator may require other proof of the honesty, truthfulness and good
			 reputation of any applicant, including the officers and directors of any
			 corporation, or the members of any partnership or association making an
			 application, before accepting an application for a license.
4. As used in this section, "liquid assets"
			 means assets that are the equivalent of cash or easily converted into cash. The
			 term:
(a) Includes, without limitation, money
			 in a checking, savings or money market account and certificates of
			 deposit.
(b) Does not include a
			 line of credit.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.175 - Licensing of branch offices

Current through June 11, 2024
1. The real estate
			 broker to whom the license is issued is responsible for all branch offices
			 operated by the real estate broker.
2. A license for a branch office may only be
			 issued in the name in which the real estate broker is licensed to conduct
			 business at his or her main office.
3. A supervisor of a branch office may not
			 manage more than one branch office.
4. A branch office is not required to
			 establish a trust account, but if one is established, one of the signatures
			 required on the account must be that of the supervisor of the branch
			 office.
Real Estate Adv. Comm'n, § VI
			 subsecs. 9-12 & 14, eff. 12-20-75-NAC A by Real Estate Comm'n by R111-01,
			 12-17-2001
NRS
			 645.050,
			 645.190,
			 645.530
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.177 - Supervision of branch office

Current through June 11, 2024
1. Every branch
			 office of a real estate broker must be under the supervision of a broker or a
			 broker-salesperson who, within the preceding 4 years, has had 2 years of active
			 experience as a broker, broker-salesperson, or salesperson in the United
			 States.
2. While supervising a
			 branch office, a broker-salesperson has all the duties of and is subject to the
			 penalties applicable to a broker under chapter 645 of NRS and this
			 chapter.
Real Estate Adv. Comm'n, § VI
			 subsec. 7, eff. 12-20-75-NAC A 12-16-82; A by Real Estate Div.,
			 3-1-96
NRS
			 645.050,
			 645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.178 - Management of principal and branch offices

Current through June 11, 2024
1. A real estate
			 broker-salesperson with at least 2 years of active experience within the
			 immediately preceding 4 years of having a licensed status may act as an office
			 manager for the principal office or a branch office operated by a real estate
			 broker.
2. A real estate
			 broker-salesperson who is acting as manager of a principal or branch office
			 must notify the Division that he or she is acting in that capacity.
Added to NAC by Real Estate
			 Comm'n, eff. 8-21-81; A by Real Estate Div., 3-1-96; A by Real Estate Comm'n by
			 R111-01, 12-17-2001
NRS
			 645.050,
			 645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.180 - Cooperative certificate: Application

Current through June 11, 2024
1. A real estate
			 broker who is licensed in another state and wishes to work in cooperation with
			 a Nevada real estate broker must apply to do so on a form provided by the
			 Division. The application must be accompanied by:
(a) A copy of his or her current license
			 issued in the other state;
(b) A
			 history of his or her employment for the past 10 years;
(c) Information identifying him or her and
			 the Nevada broker with whom the applicant wishes to cooperate;
(d) Information identifying the client whom
			 the applicant will be representing;
(e) Information identifying the real property
			 which will be the subject of the transaction conducted under the cooperative
			 certificate;
(f) A history of any
			 disciplinary, criminal or other legal proceeding involving the real estate
			 salesperson or broker-salesperson who will be working for the applicant under
			 the cooperative certificate;
(g) A
			 list of other cooperative agreements currently in effect with the Nevada
			 broker;
(h) A photograph of the
			 applicant;
(i) A copy of the
			 license of the real estate salesperson or broker-salesperson who will be
			 working for the applicant; and
(j)
			 A statement of consent by the Nevada broker to the cooperative
			 agreement.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.183 - Cooperative certificate: Denial, cancellation, suspension or revocation; appeal

Current through June 11, 2024
1. The
			 Administrator may deny an application for a cooperative certificate for any
			 reason which is sufficient to deny an application for a license, permit or
			 registration pursuant to NAC 645.095 or to initiate disciplinary proceedings
			 pursuant to
			 NRS
			 645.630 to
			 645.645,
			 inclusive.
2. An applicant whose
			 application for a cooperative certificate has been denied by the Administrator
			 or an out-of-state real estate broker whose cooperative certificate has been
			 cancelled, suspended or revoked by the Administrator may appeal the denial,
			 cancellation, suspension or revocation to the Commission in the manner set
			 forth in
			 NRS
			 645.440. The Commission will review the
			 decision by the Administrator in the manner set forth in
			 NRS
			 645.440, except that the hearing need not be
			 held at a time or place other than that set for the next regular meeting of the
			 Commission.
3. If the Commission
			 reverses a decision by the Administrator to deny an application for a
			 cooperative certificate and determines that the petitioner qualifies for a
			 certificate, the application may be accepted as of the date the application was
			 originally submitted or the date on which the fee for the certificate was paid,
			 whichever is later. The Division shall not charge an additional fee.
Real Estate Adv. Comm'n, §
			 XIII, eff. 10-31-75-NAC A by Real Estate Comm'n, 8-21-81; 4-27-84; R111-01,
			 12-17-2001
NRS
			 645.190,
			 645.605
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.205 - Availability of handbook on examinations

Current through June 11, 2024
Upon request, an applicant may obtain a printed
			 copy of the handbook on candidate examinations that is currently approved by
			 the Division at an office of the Division at no cost.
Real Estate Adv. Comm'n, § IV
			 subsecs. 1, 3 & 4, eff. 10-31-75-NAC A by Real Estate Comm'n, 8-21-81;
			 R146-99, 1-21-2000; R031-04, 11-30-2004; A by
			 R060-20A,
			 eff. 12/29/2020
NRS
			 645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.207 - Fee for examination

Current through June 11, 2024
The fee for an examination for an original
			 license or the reinstatement of a license as a real estate broker,
			 broker-salesperson or salesperson is $100.
Added to NAC by Real Estate Comm'n
			 by R111-01, eff. 12-17-2001; A by R031-04,
			 11-30-2004
NRS
			 645.190,
			 645.410
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.210 - Scope of examination

Current through June 11, 2024
The examination for salespersons may be a
			 different examination from the examination for brokers. Each of the
			 examinations will consist of questions covering any or all of the following
			 subjects:
1. Principles:
(a) Contract law;
(b) Real estate law and
			 conveyancing;
(c) Listing property
			 and services to the seller;
(d)
			 Selling property and services to the buyer; and
(e) Deposits.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.215 - Length and confidentiality of examination

Current through June 11, 2024
The examination period must not exceed 4
			 hours without prior written consent of the Division. An applicant may not
			 retain any examination materials. Examinations must not be made public except
			 as provided in
			 NRS
			 645.180.
Real Estate Adv. Comm'n, § IV
			 subsec. 5, eff. 10-31-75-NAC A by Real Estate Comm'n by R146-99, 1-21-2000;
			 R031-04, 11-30-2004
NRS
			 645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.220 - Passing grade on examination

Current through June 11, 2024
To pass an examination, an applicant must
			 achieve a grade of at least 75 percent on the examination.
Real Estate Adv. Comm'n, § IV
			 subsec. 6, eff. 10-31-75; A 2-20-76-NAC A by Real Estate Comm'n by R031-04,
			 11-30-2004; A by
			 R060-20A,
			 eff. 12/29/2020
NRS
			 645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.225 - Period for acceptance of results of examination

Current through June 11, 2024
The Division shall only accept
			 results of an examination taken during the 12 months, to the day, immediately
			 preceding the date of application for a license.
Real Estate Adv. Comm'n, § IV
			 subsecs. 7 & 10 eff. 10-31-75-NAC A by Real Estate Comm'n, 8-21-81; 6-3-86;
			 R031-04, 11-30-2004
NRS
			 645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.230 - Examination aids

Current through June 11, 2024
1. The use or
			 possession of any unfair methods or notes, the giving or receiving of aid of
			 any kind, or the failure to obey instructions during the examination will
			 result in a denial of the application and license.
2. A silent, cordless, electronic calculator
			 may be used by an applicant during the examination if the calculator:
(a) Is not programmable;
(b) Does not have the capability to print on
			 paper tape; and
(c) Does not have a
			 keyboard containing the alphabet.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.305 - Change in license

Current through June 11, 2024
1. Within 10 days
			 after a change of his or her association with a real estate broker, other than
			 termination, or a change of his or her name, business location or status, the
			 licensee shall:
(a) Submit a request to the
			 Division to change his or her license on a form provided by the Division;
			 and
(b) Pay the required
			 fees.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.310 - Real estate broker-salesperson or salesperson: Termination of association or employment with real estate broker or owner-developer

Current through June 11, 2024
1. If a real estate broker-salesperson or
			 salesperson terminates, for any reason, his or her association with the real
			 estate broker with whom he or she is associated, or his or her employment with
			 the owner-developer by whom he or she is employed, the real estate broker or
			 owner-developer shall, in addition to complying with the requirements of
			 NRS
			 645.580, file with the Division:
(a) A notice of termination on a form
			 provided by the Division; and
(b)
			 Any other pertinent information the Division requests.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.313 - Proof of compliance with requirements for continuing education requisite to renewal of license

Current through June 11, 2024
The Division shall not renew the license of an
			 active broker, broker-salesperson or salesperson unless the licensee provides
			 the Division with proof of compliance with the requirements for continuing
			 education set forth in
			 NRS
			 645.575 and the regulations adopted pursuant
			 thereto, including, without limitation, any postlicensing curriculum of
			 continuing education.
Real Estate Adv. Comm'n, § V
			 subsec. 27, eff. 4-20-78-NAC A by Real Estate Comm'n, 5-14-96-Substituted in
			 revision for NAC 645.390; A by
			 R097-14,
			 eff. 4/4/2016; A by
			 R060-20A,
			 eff. 12/29/2020
NRS
			 645.190 and
			 645.575
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.315 - Renewal of license: Failure to file application before license expires

Current through June 11, 2024
If a
			 licensee fails to file an application for the renewal of his or her license
			 before it expires, the licensee shall not engage in the business of real estate
			 until the license is reinstated. To have his or her license reinstated, the
			 licensee must:
1. Apply on the
			 appropriate form;
2. Pay the
			 required fees;
3. If required, pass
			 the examination; and
4. Submit any
			 other information required by the Administrator, including, without limitation,
			 current fingerprint cards pursuant to
			 NRS
			 645.355.
Real Estate Adv. Comm'n, § V
			 subsec. 11, eff. 10-31-75; A and renumbered as subsec. 9, 2-20-76-NAC A by Real
			 Estate Comm'n by R111-01, 12-17-2001; R031-04, 11-30-2004; A by
			 R060-20A,
			 eff. 12/29/2020
NRS
			 645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.320 - Inactive renewed status: Placement; renewal of license required

Current through June 11, 2024
1. A licensee may
			 be placed on inactive renewed status by applying to the Division on the
			 appropriate form. The licensee is not entitled to a refund of any part of the
			 fees paid for the unexpired term of his or her license.
2. A licensee who is on inactive renewed
			 status must apply for renewal of his or her license on or before each
			 anniversary of the license.
Real Estate Adv. Comm'n, § V
			 part subsecs. 9 & 10, eff. 10-31-75; A and renumbered as subsecs. 10 &
			 11, 2-20-76
NRS
			 645.190,
			 645.577
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.325 - Inactive renewed status: Requirements for reinstatement

Current through June 11, 2024
Except as otherwise provided
			 in NAC 645.345:
1. A licensee who is in good standing with
			 the Division and whose license is on inactive renewed status may apply to the
			 Division to have his or her license reinstated to active status. The
			 application must:
(a) Be on a form supplied
			 by the Division;
(b) Be accompanied
			 by the required fees;
(c) Contain
			 evidence that the licensee has paid the required fee for the Real Estate
			 Education, Research and Recovery Fund;
(d) If the application is for reinstatement
			 of a real estate broker's license, be accompanied by a completed financial
			 statement that is prepared on the form prescribed by the Division;
(e) Contain evidence that requirements for
			 continuing education have been met; and
(f) Include any other information required by
			 the Administrator, including, without limitation, current fingerprint cards
			 pursuant to
			 NRS
			 645.355.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.330 - Review of application for reinstatement

Current through June 11, 2024
In reviewing the application for
			 reinstatement, the Division shall apply the same standards as are applied for
			 original applicants. The Division shall determine whether the application is
			 accepted or denied within 10 days after the later of:
1. The determination by the Division that the
			 applicant has passed the examination, if required; and
2. The receipt by the Division of the
			 following, if required:
(a) The FBI
			 report;
(b) A completed financial
			 statement that is prepared on a form prescribed by the Division;
(c) The required fees and forms;
			 and
(d) Such other information as
			 may be requested by the Division.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.335 - Appeal from a denial of a request for reinstatement

Current through June 11, 2024
If the Division denies an application
			 for any reason, the licensee may appeal the denial pursuant to the provisions
			 of
			 NRS
			 645.440.
Real Estate Adv. Comm'n, § V
			 subsec. 15, eff. 2-20-76-NAC A by Real Estate Comm'n,
			 8-21-81
NRS
			 645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.340 - Activation of license after approval of reinstatement (Repealed)

Current through June 11, 2024
Real Estate Adv. Comm'n, § V
			 subsec. 9 par. c, eff. 10-31-75; R by
			 R060-20A,
			 eff. 12/29/2020
NRS
			 645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.345 - Failure of broker to renew license

Current through June 11, 2024
1. If a real estate
			 broker fails to renew his or her license, the license of a licensee with whom
			 he or she is associated who has renewed that license will immediately be placed
			 on inactive renewed status. A licensee associated with the real estate broker
			 may:
(a) Within 30 calendar days, apply for a
			 transfer to the association of another real estate broker, and pay any required
			 fees; or
(b) If the real estate
			 broker with whom the licensee was associated reinstates and renews his or her
			 license within 30 calendar days, reactivate his or her license with that real
			 estate broker.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.350 - Involuntary inactivation, suspension or revocation of broker's license; expiration of license upon death of licensee; death of person acting as broker of brokerage

Current through June 11, 2024
1. If the license
			 of a real estate broker is involuntarily inactivated, suspended or revoked, the
			 real estate broker shall deliver his or her license to the Division with the
			 license of each licensee with whom he or she is associated. A licensee who is
			 associated with the real estate broker may, upon proper application and payment
			 of the required fee, transfer to the association of another real estate broker.
			 No refund will be made when a license is involuntarily inactivated, suspended
			 or revoked.
2. Upon the death of a
			 licensee, the license held by that licensee automatically expires.
3. Upon the death of a person who was
			 licensed as a real estate broker and who was acting as the broker of a
			 brokerage, a person who is licensed as a real estate broker in the State of
			 Nevada may submit to the Division an affidavit stating that he or she will act
			 as the broker of that brokerage for not more than 60 days after the death of
			 the person who was acting as the broker of the brokerage. Notice of such an
			 appointment must be submitted to the Division, in writing, within 7 business
			 days after the death of the person who was acting as the broker of the
			 brokerage.
Real Estate Adv. Comm'n, § V
			 subsec. 14, eff. 10-31-75-NAC A by Real Estate Comm'n by R111-01, 12-17-2001;
			 R031-04, 11-30-2004; R123-06, 6-1-2006
NRS
			 645.050,
			 645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.355 - Loss of license

Current through June 11, 2024
If a license must be surrendered and it is not,
			 the licensee shall file an affidavit with the Division showing that the license
			 has been lost, destroyed or stolen. The affidavit must contain the licensee's
			 promise to return the license if it is recovered.
Real Estate Adv. Comm'n, § V
			 subsec. 15, eff. 10-31-75-NAC A by Real Estate Comm'n,
			 8-21-81
NRS
			 645.190
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.360 - Involuntary inactivation of license: Grounds; reinstatement of license

Current through June 11, 2024
1. The Division may involuntarily inactivate
			 a license if:
(a) A real estate broker has
			 discontinued business at the address at which he or she is
			 registered;
(b) A licensee is no
			 longer associated with a real estate broker under whom he or she is shown to be
			 licensed;
(c) A licensee, whether
			 active or inactive, fails to inform the Division within 10 days after a change
			 in the address of his or her business;
(d) A licensee has not paid the renewal
			 fee;
(e) A licensee fails to comply
			 with subsection 2 of
			 NRS
			 645.580 in a timely manner; or
(f) A licensee fails to submit a request to
			 the Division as required by NAC 645.305 to change his or her license within 10
			 days after the licensee changes his or her name, business location or
			 status.
Nevada Administrative Code › Chapter 645 - Real Estate Brokers and Salespersons › LICENSES, CERTIFICATES AND EXAMINATIONS › Section 645.380 - Brokers designated by certain business organizations; members or officers of certain business organizations acting as brokers; service of certain business organizations as salespersons or broker-salespersons

Current through June 11, 2024
1. A broker
			 designated by a partnership, limited-liability company or corporation pursuant
			 to
			 NRS
			 645.370 or a broker who has obtained a
			 license pursuant to
			 NRS
			 645.380 may also obtain an individual license
			 to act on his or her own behalf. To obtain an individual license, a broker must
			 complete and submit forms as supplied by the Division and must pay an original
			 license fee and any other required fees.
2. The Division will issue an additional
			 license to such a broker and subject him or her to the same rights and duties
			 as any other licensed Nevada broker. He or she may maintain an office separate
			 from the offices of the partnership, limited-liability company or corporation
			 and shall maintain separate records and a separate trust account so that the
			 business of the partnership, limited-liability company or corporation remains
			 separate from his or her independent business.
3. The partnership, limited-liability company
			 or corporation must submit a statement, on a form supplied by the Division,
			 indicating that it is fully aware of the intention of the broker to maintain an
			 independent business.
4.
			 Revocation, suspension, or any other penalty of the Commission or the Division
			 applies to both licenses of a broker who is licensed pursuant to this
			 section.
5. A partnership,
			 limited-liability company or corporation may not serve as a salesperson or
			 broker-salesperson except as otherwise provided by a specific
			 statute.
6. A broker who is
			 licensed individually and as a partnership, limited-liability company or
			 corporation, even though he or she has been issued two licenses by the
			 Division, is considered to be only one licensee for the purposes of
			 disciplinary action or claims against the Real Estate Education, Research and
			 Recovery Fund.
Real Estate Adv. Comm'n, § V
			 subsec. 20, eff. 10-31-75-NAC A by Real Estate Comm'n, 8-21-81; 4-27-84; A by
			 Real Estate Div., 3-31-94; R126-04, 10-31-2005
NRS
			 645.050,
			 645.190,
			 645.385,
			 645.400