Title 54

NRS 645.254 Additional duties of licensee entering into brokerage agreement to represent client in real estate transaction. A licensee who has entered into a brokerage agreement to represent a client in a real estate transaction: 1. Shall exercise reasonable skill and care to car…

NRS 645.255 Waiver of duties of licensee or property manager prohibited. Except as otherwise provided in subsection 4 of NRS 645.254, no duty of a licensee set forth in NRS 645.252 or 645.254 or a property manager set forth in NRS 645.6057 may be waived. (Added to NRS by 2007, 17…

NRS 645.256 Broker who provides asset management services to client required to provide Real Estate Division with certain information annually; disciplinary action by Division. 1. A broker who enters into an agreement to provide asset management services to a client shall: (a) Di…

NRS 645.257 Action to recover damages suffered as proximate result of failure of licensee or property manager to perform certain duties; standard of care. 1. A person who has suffered damages as the proximate result of a licensee’s or property manager’s failure to perform any dut…

NRS 645.258 Duties concerning transaction involving used manufactured home or used mobile home. 1. In any transaction involving a used manufactured home or used mobile home that has not been converted to real property pursuant to NRS 361.244, a licensee shall provide to the purch…

NRS 645.259 Liability of licensee for misrepresentation made by client; failure of seller to make required disclosures is public record. A licensee may not be held liable for: 1. A misrepresentation made by his or her client unless the licensee: (a) Knew the client made the misre…

NRS 645.260 One act constitutes action in capacity of broker or salesperson. Any person, limited-liability company, partnership, association or corporation who, for another, in consideration of compensation by fee, commission, salary or otherwise, or with the intention or expecta…

NRS 645.270 Allegation and proof of licensed status in action for compensation. A person, limited-liability company, partnership, association or corporation engaged in the business or acting in the capacity of a real estate broker or a real estate salesperson within this State ma…

NRS 645.280 Association with or compensation of unlicensed broker, broker-salesperson or salesperson unlawful; payment of commission other than through broker or owner-developer unlawful. 1. It is unlawful for any licensed real estate broker, or broker-salesperson or salesperson …

NRS 645.283 Owner-developers: Employment of licensed salespersons; association with qualified sales manager; registration. 1. Except as otherwise provided in subsection 2, an owner-developer who is registered with the Real Estate Division may employ one or more licensed real esta…

NRS 645.285 Owner-developers: Form and contents of application for registration. 1. Application for original registration as an owner-developer shall be made on a form provided by the Division, and shall set forth: (a) The limits of the area within which the applicant owns the re…

NRS 645.287 Owner-developers: Regulations concerning qualifications; principal place of business and records. 1. Regulations adopted by the Real Estate Commission shall not establish any educational qualification or require any examination of an owner-developer, but shall provide…

NRS 645.289 Owner-developers: Qualifications and duties of person who acts as sales manager. 1. To qualify as a sales manager for the purposes of NRS 645.283, a licensed real estate broker-salesperson must have at least 2 years of experience during the immediately preceding 4 yea…

NRS 645.300 Delivery of copy of brokerage agreement; receipt. When a licensee prepares or has prepared a brokerage agreement authorizing or employing the licensee to purchase or sell real estate for compensation or commission, the licensee shall deliver a copy of the brokerage ag…

NRS 645.310 Deposits and trust accounts: Accounting; commingling; records; inspection and audit. 1. All deposits accepted by every real estate broker or person registered as an owner-developer pursuant to this chapter, which are retained by him or her pending consummation or term…

NRS 645.313 Other financial accounts: Investigation and audit involving insolvency of broker or enforcement by Division; regulations governing scope of audit; grounds for disciplinary action. 1. The Division may investigate and audit all financial accounts related to the business…

NRS 645.314 Administrator may charge broker for costs and fees of audit under certain circumstances; additional grounds for disciplinary action. 1. The Administrator may charge and collect from a real estate broker an amount equal to the amount of the actual costs and fees incurr…

NRS 645.315 Conditions and limitations on certain advertisements; required disclosures; prohibited acts; regulations. 1. In any advertisement through which a licensee offers to perform services for which a license is required pursuant to this chapter, the licensee shall include h…

NRS 645.320 Requirements for exclusive agency representation. Every brokerage agreement which includes a provision for an exclusive agency representation must: 1. Have set forth in its terms a definite, specified and complete termination. 2. Contain no provision which requires th…

NRS 645.3205 Dealing with party to real estate transaction in manner which is deceitful, fraudulent or dishonest prohibited. A licensee shall not deal with any party to a real estate transaction in a manner which is deceitful, fraudulent or dishonest. (Added to NRS by 1995, 2074)

NRS 645.321 Discriminatory practices unlawful; penalty. 1. It is unlawful, on account of race, religious creed, color, national origin, disability, sexual orientation, gender identity or expression, ancestry, familial status or sex, to: (a) Discriminate against any person: (1) By…

NRS 645.322 Accounting of use of advance fee charged or collected; Division may demand accounting. Any person or entity who charges or collects an advance fee shall, within 3 months after the charge or collection, furnish to his or her client an accounting of the use of that mone…

NRS 645.323 License required for acceptance of advance fee listing. A person shall not accept an advance fee listing unless he or she is licensed as a real estate broker, broker-salesperson or salesperson pursuant to this chapter. (Added to NRS by 1985, 1260)

NRS 645.324 Forms of brokerage agreements; reports and forms of accounting; regulations; maintenance of agreements for review and audit; grounds for disciplinary action. 1. The Commission may require such forms of brokerage agreements which include provisions for the payment of a…

NRS 645.330 General qualifications of applicant; grounds for denial of application; eligibility for licensing as broker. 1. Except as otherwise provided by a specific statute, the Division may approve an application for a license for a person who meets all the following requireme…

NRS 645.332 Applicants licensed in another jurisdiction: Exemption from certain examination requirements; issuance of license as broker or broker-salesperson by reciprocity. 1. An applicant for a license as a real estate salesperson is not required to pass the uniform portion of …

NRS 645.335 Depository financial institution prohibited from being licensed. 1. For the purposes of this section, “depository financial institution” means any bank, savings and loan association, savings bank, thrift company, credit union or other institution which: (a) Holds or r…

NRS 645.343 Educational requirements; regulations of Commission concerning standards of education. 1. In addition to the other requirements contained in this chapter, an applicant for an original real estate salesperson’s license must furnish proof satisfactory to the Real Estate…

NRS 645.345 Regulations of Division concerning schools and courses of instruction in principles and practice of real estate; standard of instruction. The Division, with the approval of the Commission, shall: 1. Adopt reasonable regulations defining what constitutes: (a) A course …

NRS 645.350 Application: Form and contents. 1. An application for a license as a real estate broker, broker-salesperson or salesperson must be submitted in writing to the Division upon blanks prepared or furnished by the Division. 2. Every application for a real estate broker’s, …

NRS 645.355 Investigation of applicant’s background; fees; fingerprints. 1. Each applicant for a license as a real estate broker, broker-salesperson or salesperson must pay a fee for the costs of an investigation of the applicant’s background. 2. Each applicant must, as part of t…

NRS 645.358 Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Division. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspend…

NRS 645.370 Issuance of license to certain organizations doing business as broker; restrictions. 1. Each limited-liability company doing business as a real estate broker must designate its manager, each partnership doing business as a real estate broker must designate one of its …

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 m…

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, corporatio…

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 o…

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 pertainin…

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 admin…

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 appli…

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 …

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 not…

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)

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 busine…

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 brok…

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 th…

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…