Title 54

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…

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 b…

NRS 645.575 Continuing education: Standards; renewal or reinstatement of license; regulations. 1. The Commission shall adopt regulations that prescribe the standards for the continuing education of persons licensed pursuant to this chapter. 2. The standards adopted pursuant to su…

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 …

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 …

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 o…

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…

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 Commis…

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 perf…

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 t…

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 employee…

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 …

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 c…

NRS 645.6057 Property management agreements: Duties of holder of permit to engage in property management when entering and performing agreement; exceptions. A person who holds a permit to engage in property management when entering into a property management agreement and perform…

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 6…

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 NC…

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 rela…

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 co…

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 violatio…

NRS 645.630 Authorized disciplinary action; grounds for disciplinary action; orders imposing discipline deemed public records. 1. The Commission may require a licensee, property manager or owner-developer to pay an administrative fine of not more than $10,000 for each violation h…

NRS 645.633 Additional grounds for disciplinary action: Improper trade practices; violations of certain orders, agreements, laws and regulations; criminal offenses; other unprofessional and improper conduct; reciprocal discipline; violations relating to property management; log o…

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 o…

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.1…

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 w…

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 wi…

NRS 645.660 Knowledge of associate or employer of violation by licensee or employee; penalties. 1. Any unlawful act or violation of any of the provisions of this chapter by any licensee is not cause to suspend, revoke or deny the renewal of the license of any person associated wi…

NRS 645.670 Effect on limited-liability company, partnership or corporation of revocation or suspension of license of manager, partner or officer; termination of suspension or reinstatement of license. In the event of the revocation or suspension of the license issued to a manage…

NRS 645.675 Investigations, disciplinary or other proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license, permit or registration. The expiration or revocation of a license, permit or registration by operation of law or by order o…

NRS 645.680 Revocation, suspension or denial of renewal of license, permit or registration: Complaint; notice of hearing. 1. The procedure set forth in this section and NRS 645.690 must be followed before the Commission revokes, suspends or denies the renewal of any license, perm…

NRS 645.685 Revocation, suspension or denial of renewal of license, permit or registration: Answer; limitations on time of commencing proceeding. 1. The licensee, permittee or owner-developer shall file an answer to the charges with the Commission not later than 30 days after ser…

NRS 645.690 Revocation, suspension or denial of renewal of license, permit or registration: Hearing; transcript. 1. The hearing on the charges must be held at such time and place as the Commission prescribes. The hearing may be held by the Commission or a majority thereof, and th…

NRS 645.700 Power of Commission to administer oaths, certify acts and issue subpoenas; service of process. 1. The Commission, or any member thereof, shall have power to administer oaths, certify to all official acts, and to issue subpoenas for attendance of witnesses and the prod…

NRS 645.710 Fees and mileage for witness. 1. Each witness who appears by order of the Commission is entitled to receive for his or her attendance the same fees and mileage allowed by law to a witness in civil cases, which amount must be paid by the party at whose request the witn…

NRS 645.720 Enforcement of subpoenas. 1. The district court in and for the county in which any hearing may be held shall have the power to compel the attendance of witnesses, the giving of testimony and the production of books and papers as required by any subpoena issued by the …

NRS 645.730 Depositions; taking of evidence in another state; rights of party to hearing. 1. The Commission may, in any hearing before it, cause the depositions of witnesses residing within or without the State to be taken in the manner prescribed by the Nevada Rules of Civil Pro…

NRS 645.740 Decision of Commission: Rendition; notice; effective date; stay of decision. 1. The Commission shall render an informal decision on any complaint within 15 days after the final hearing thereon and shall give notice in writing of the ruling or decision to the applicant…

NRS 645.760 Decision final when in favor of licensee; judicial review of decision against licensee. 1. A ruling or decision of the Commission in any disciplinary action is final when in favor of the licensee. 2. If a ruling or decision is against the licensee, the licensee is ent…

NRS 645.770 Restrictions on issuance of new license, permit or registration after revocation. After the revocation of any license, permit or registration by the Commission as provided in this chapter, no new license, permit or registration may be issued to the same licensee, perm…

NRS 645.780 Expiration of licenses; length of license periods; additional fees for electronic renewal. 1. Each license issued under the provisions of this chapter expires at midnight on the last day of the last month of the applicable license period for the license. 2. The initia…

NRS 645.785 Effect of failure to renew license or permit; increased fee for late renewal. 1. If a licensee fails to apply for a renewal of his or her license before the date of the expiration thereof, no license may be issued to the licensee except upon another application for an…

NRS 645.830 Fees; regulations. 1. The following fees must be charged by and paid to the Division: For each original real estate broker’s, broker-salesperson’s or corporate broker’s license $105 For each original real estate salesperson’s license...................................…

NRS 645.841 “Fund” defined. As used in NRS 645.841 to 645.8494, inclusive, “Fund” means the Real Estate Education, Research and Recovery Fund. (Added to NRS by 1967, 1043)

NRS 645.842 Creation; use; balances; interest and income. 1. The Real Estate Education, Research and Recovery Fund is hereby created as a special revenue fund. 2. A balance of not less than $300,000 must be maintained in the Fund, to be used for satisfying claims against persons …

NRS 645.843 Payment of additional fee by licensee for augmentation of Fund. 1. Upon application for or renewal of every real estate broker’s, broker-salesperson’s and salesperson’s license, every licensed broker, broker-salesperson and salesperson shall pay in addition to the ori…

NRS 645.844 Recovery from Fund: Procedure; grounds; amount; hearing. 1. Except as otherwise provided in subsection 2, when any person obtains a final judgment in any court of competent jurisdiction against any licensee or licensees pursuant to this chapter, upon grounds of fraud,…

NRS 645.845 Administrator may answer petition for recovery; effect of judgment; compromise of claim. 1. Whenever the court proceeds upon a petition as provided in NRS 645.844, the Administrator may answer and defend any such action against the Fund on behalf of the Fund and may u…