Title 10

NRS 119.265 Confidentiality of records: 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 …

NRS 119.267 Confidentiality of records: Certain criminal and financial records deemed confidential; exceptions. Except as otherwise provided in NRS 119.265, unless otherwise ordered by a court, the Division may keep confidential the criminal and financial records of a licensee, p…

NRS 119.270 Hearing officers. In any proceeding under this chapter, the Administrator may appoint hearing officers from the staff of the Department of Business and Industry who shall act as his or her agents and conduct any hearing or investigation which may be conducted by the A…

NRS 119.280 Powers of Administrator to take testimony, administer oaths, issue subpoenas and classify confidential records. 1. The Administrator may: (a) Take testimony and other evidence concerning all matters within the jurisdiction of the Division under this chapter. (b) Admin…

NRS 119.290 Service of process; witness fees. 1. In any hearing in any part of the State the process issued by the Administrator extends to all parts of the State and may be served by any person authorized to serve process of courts of record. 2. The person serving any such proce…

NRS 119.300 Action to compel attendance of witnesses and production of documents. 1. The district court in the county in which any hearing may be held has the power to compel the attendance of witnesses, the giving of testimony and the production of books and papers as requested …

NRS 119.310 Depositions and discovery. 1. The Administrator may, in any hearing before the Administrator, cause the depositions of witnesses to be taken in the manner prescribed by the Nevada Rules of Civil Procedure for like depositions in civil actions in the district court of …

NRS 119.320 Fees. 1. Subject to the provisions of this chapter, the Division shall collect the following fees at such times and upon such conditions as it may provide by regulation: (a) For deposit in the State General Fund: For each annual registered representative’s license to …

NRS 119.322 Disciplinary action for failure to pay money to Real Estate Division. In addition to any other remedy or penalty, the Administrator may: 1. Refuse to issue a license, permit or registration to a person who has failed to pay money which the person owes to the Division.…

NRS 119.325 Grounds for imposing fine or suspending, revoking, denying renewal of or placing conditions upon property report, permit, partial registration, exemption or license. The Administrator may impose a fine or suspend, revoke, deny the renewal of or place conditions upon t…

NRS 119.327 Expiration, revocation or surrender of property report, permit, partial registration, exemption, license or registration does not prohibit disciplinary action against holder thereof. The expiration or revocation of a property report, permit, partial registration, exem…

NRS 119.329 Administrative fine for engaging in certain conduct without license, permit, registration or authorization; procedure for imposition of fine; judicial review; exceptions. 1. In addition to any other remedy or penalty, the Administrator may impose an administrative fin…

NRS 119.330 Unlawful acts; penalties. 1. Except as otherwise provided in subsection 2, a person violating a provision of this chapter, if a natural person, is guilty of a gross misdemeanor, and if a copartnership, association or corporation, shall be punished by a fine of not mor…

NRS 119.340 Provisions of chapter are supplemental. The provisions of this chapter are in addition to and not a substitute for NRS 278.010 to 278.630, inclusive. (Added to NRS by 1977, 1515; A 2013, 3213; 2015, 318; 2017, 2049)

NRS 119A.010 Definitions. As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 119A.020 to 119A.160, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1983, 977; A 1985, 1137; 1991, 96; 1999, 2688; 2001…

NRS 119A.020 “Administrator” defined. “Administrator” means the Real Estate Administrator. (Added to NRS by 1983, 977)

NRS 119A.030 “Affiliate of the developer” defined. “Affiliate of the developer” means any person who controls, is controlled by or is under common control with a developer, including a person who: 1. Is a general partner, officer, director or employer of the developer; 2. Directl…

NRS 119A.031 “Affiliate of the manager” defined. “Affiliate of the manager” means any person who controls, is controlled by or is under common control with a manager, including a person who: 1. Is a general partner, officer, director or employer of the manager; 2. Directly or ind…

NRS 119A.032 “Association” defined. “Association” means an association of owners established pursuant to NRS 119A.520. (Added to NRS by 2001, 2494)

NRS 119A.033 “Blanket encumbrance” defined. “Blanket encumbrance” means any mortgage, deed of trust, option to purchase, mechanic’s lien, vendor’s lien or interest under a contract or agreement for sale, judgment lien, federal or state tax lien or other lien or encumbrance which …

NRS 119A.034 “Board” defined. “Board” means the governing body designated in a time-share instrument to act on behalf of an association. (Added to NRS by 2001, 2494)

NRS 119A.035 “Branch office” defined. “Branch office” means an office operated by a real estate broker who is licensed pursuant to chapter 645 of NRS, separate from the principal location of the real estate broker, for the purpose of engaging in the business of selling or reselli…

NRS 119A.036 “Common area” defined. “Common area” means those portions of a project other than the units. The term includes any easement which benefits the project. (Added to NRS by 2001, 2494)

NRS 119A.038 “Component site” defined. “Component site” means the specific geographic location where units that are part of a time-share plan are located. The term includes units added to a single project in the same specific geographic location and under common management. (Adde…

NRS 119A.040 “Developer” defined. “Developer” means any person who: 1. Creates a time-share plan or is in the business of selling time shares, other than those employees or agents of the developer who sell time shares on the developer’s behalf; or 2. Succeeds to the interest of a…

NRS 119A.041 “Developer’s reserved rights” defined. “Developer’s reserved rights” means any right reserved in a time-share instrument for the benefit of the developer, the exercise of which does not require a vote of the other owners. (Added to NRS by 2001, 2495)

NRS 119A.050 “Division” defined. “Division” means the Real Estate Division of the Department of Business and Industry. (Added to NRS by 1983, 977; A 1993, 1510)

NRS 119A.052 “Limited common area” defined. “Limited common area” means a portion of the common area allocated by a time-share instrument for the exclusive use of at least one, but not all, of the units in a project. (Added to NRS by 2001, 2495)

NRS 119A.054 “Manager” defined. “Manager” means a person who undertakes, directly or indirectly, the duties, responsibilities and obligations of managing, in whole or in part, a time-share plan or a project, or both, in accordance with an agreement entered into pursuant to NRS 11…

NRS 119A.055 “Material change” defined. 1. “Material change” means a change in any information or document that is part of the statement of record which renders the statement of record inaccurate, incomplete or misleading in such a way as to adversely affect the rights or obligat…

NRS 119A.056 “Owner” defined. “Owner” means a person, including a developer, who has an equitable or legal interest in a time share. The term does not include a person who has an interest in a time share solely as security for an obligation. (Added to NRS by 1991, 96; A 2001, 249…

NRS 119A.058 “Permanent identifying number” defined. “Permanent identifying number” means a series of numbers or letters, or any combination thereof, which identifies, for the duration of a time-share plan, one time share in the plan. (Added to NRS by 2001, 2495)

NRS 119A.060 “Permit” defined. “Permit” means the authorization issued by the Administrator pursuant to the provisions of this chapter to a developer to offer to sell or sell time shares. (Added to NRS by 1983, 977)

NRS 119A.070 “Person” defined. “Person” includes a government, a governmental agency and a political subdivision of a government. (Added to NRS by 1983, 977; A 1985, 508)

NRS 119A.080 “Project” defined. “Project” means the real property which, in whole or in part, is the subject of a time-share plan. (Added to NRS by 1983, 977; A 1985, 1137; 2001, 2499)

NRS 119A.090 “Project broker” defined. “Project broker” means any person who coordinates the sale of time shares for one or more time-share plans on behalf of one or more developers and who is licensed as a real estate broker pursuant to the provisions of chapter 645 of NRS. (Add…

NRS 119A.100 “Public offering statement” defined. “Public offering statement” means a disclosure document prepared and signed by the developer and approved or deemed approved for use by the Division pursuant to the provisions of this chapter, which contains the information requir…

NRS 119A.110 “Purchaser” defined. “Purchaser” means any person, other than the developer or lender, who purchases a time share. (Added to NRS by 1983, 978)

NRS 119A.120 “Representative” defined. “Representative” means a person who is not a sales agent and who, on behalf of a developer, induces other persons to attend a sales presentation. The term does not include a person who only performs clerical tasks, arranges appointments set …

NRS 119A.130 “Sales agent” defined. “Sales agent” means a person who, on behalf of a developer and under the direct supervision of a person licensed pursuant to the provisions of chapter 645 of NRS, sells or offers to sell a time share to a purchaser or who, if he or she is not r…

NRS 119A.133 “Sales and marketing entity” defined. “Sales and marketing entity” means an entity hired by a developer to manage the sale or marketing of a time-share plan. (Added to NRS by 2013, 1576, 3507)

NRS 119A.137 “Statement of record” defined. “Statement of record” means the information provided to the Administrator pursuant to subsection 1 of NRS 119A.300 or NRS 119A.302, as applicable. (Added to NRS by 2013, 3507)

NRS 119A.140 “Time share” defined. “Time share” means the right to use and occupy a unit on a recurrent periodic basis according to an arrangement allocating this right among various owners whether or not there is an additional charge to the owner for occupying the unit. (Added t…

NRS 119A.150 “Time-share instrument” defined. “Time-share instrument” means any document creating or regulating time shares, excluding any law, ordinance or governmental regulation. (Added to NRS by 1983, 978)

NRS 119A.152 “Time-share plan” defined. “Time-share plan” means the rights to time shares and the obligations and interests appurtenant thereto created by a time-share instrument. (Added to NRS by 2001, 2495)

NRS 119A.153 “Time-share resale” defined. “Time-share resale” means the sale or transfer of a time share that was previously sold to a purchaser. (Added to NRS by 1999, 2686)