Title 10

NRS 116.4109 Resales of units. 1. Except in the case of a sale in which delivery of a public offering statement is required, or unless exempt under subsection 2 of NRS 116.4101, a unit’s owner or his or her authorized agent shall, at the expense of the unit’s owner, furnish to a …

NRS 116.41095 Required form of information statement. The information statement required by NRS 116.4103 and 116.4109 must be in substantially the following form: BEFORE YOU PURCHASE PROPERTY IN A COMMON-INTEREST COMMUNITY DID YOU KNOW . . . 1. YOU GENERALLY HAVE 5 DAYS TO CANCEL…

NRS 116.411 Escrow of deposits; furnishing of bond in lieu of deposit. 1. Except as otherwise provided in subsections 2, 3 and 4, a deposit made in connection with the purchase or reservation of a unit from a person required to deliver a public offering statement pursuant to subs…

NRS 116.4111 Release of liens. 1. In the case of a sale of a unit where delivery of a public offering statement is required pursuant to subsection 3 of NRS 116.4102, a seller: (a) Before conveying a unit, shall record or furnish to the purchaser releases of all liens, except lien…

NRS 116.4112 Converted buildings. 1. A declarant of a common-interest community containing converted buildings, and any dealer who intends to offer units in such a common-interest community, shall give each of the residential tenants and any residential subtenant in possession of…

NRS 116.4113 Express warranties of quality. 1. Express warranties made by any seller to a purchaser of a unit, if relied upon by the purchaser, are created as follows: (a) Any affirmation of fact or promise that relates to the unit, its use or rights appurtenant thereto, improvem…

NRS 116.4114 Implied warranties of quality. 1. A declarant and any dealer warrant that a unit will be in at least as good condition at the earlier of the time of the conveyance or delivery of possession as it was at the time of contracting, reasonable wear and tear excepted. 2. A…

NRS 116.4115 Exclusion or modification of warranties of quality. 1. Except as limited by subsection 2 with respect to a purchaser of a unit that may be used for residential use, implied warranties of quality: (a) May be excluded or modified by agreement of the parties; and (b) Ar…

NRS 116.4116 Statute of limitations for warranties. 1. Unless a period of limitation is tolled under NRS 116.3111 or affected by subsection 4, a judicial proceeding for breach of any obligation arising under NRS 116.4113 or 116.4114 must be commenced within 6 years after the caus…

NRS 116.4117 Effect of violations on rights of action; civil action for damages for failure or refusal to comply with provisions of chapter or governing documents; members of executive board not personally liable to victims of crimes; circumstances under which punitive damages ma…

NRS 116.4118 Labeling of promotional material. No promotional material may be displayed or delivered to prospective purchasers which describes or portrays an improvement that is not in existence unless the description or portrayal of the improvement in the promotional material is…

NRS 116.4119 Declarant’s obligation to complete and restore. 1. Except for improvements labeled “NEED NOT BE BUILT,” the declarant shall complete all improvements depicted on any site plan or other graphic representation, including any plats or plans prepared pursuant to NRS 116.…

NRS 116.412 Substantial completion of units. In the case of a sale of a unit in which delivery of a public offering statement is required, a contract of sale may be executed, but no interest in that unit may be conveyed, until the declaration is recorded and the unit is substanti…

NRS 116.600 Commission for Common-Interest Communities and Condominium Hotels: Creation; appointment and qualifications of members; terms of office; compensation. 1. The Commission for Common-Interest Communities and Condominium Hotels is hereby created. 2. The Commission consist…

NRS 116.605 Commission for Common-Interest Communities and Condominium Hotels: Courses of instruction for members. 1. The Division shall employ one or more training officers who are qualified by training and experience to provide to each member of the Commission courses of instru…

NRS 116.610 Commission for Common-Interest Communities and Condominium Hotels: Election of officers; meetings; quorum. 1. At the first meeting of each fiscal year, the Commission shall elect from its members a Chair, a Vice Chair and a Secretary. 2. The Commission shall meet at l…

NRS 116.615 Administration of chapter; regulations of Commission and Real Estate Administrator; delegation of authority; publications. 1. The provisions of this chapter must be administered by the Division, subject to the administrative supervision of the Director of the Departme…

NRS 116.620 Employment of personnel by Real Estate Division; designation of deputy attorney general by Attorney General; legal opinions and assistance by deputy attorney general. 1. Except as otherwise provided in this section and within the limits of legislative appropriations a…

NRS 116.623 Petitions for declaratory orders or advisory opinions: Regulations; scope; contents of petition; filing; period for response. 1. The Division shall provide by regulation for the filing and prompt disposition of petitions for declaratory orders and advisory opinions as…

NRS 116.625 Ombudsman for Owners in Common-Interest Communities and Condominium Hotels: Creation of office; appointment; qualifications; powers and duties. 1. The Office of the Ombudsman for Owners in Common-Interest Communities and Condominium Hotels is hereby created within the…

NRS 116.630 Account for Common-Interest Communities and Condominium Hotels: Creation; administration; sources; uses. 1. There is hereby created the Account for Common-Interest Communities and Condominium Hotels in the State General Fund. The Account must be administered by the Ad…

NRS 116.635 Immunity. The Commission and its members, each hearing panel and its members, the Administrator, the Ombudsman, the Division, and the experts, attorneys, investigators, consultants and other personnel of the Commission and the Division are immune from any civil liabil…

NRS 116.640 Service of notice and other information upon Commission. Any notice or other information that is required to be served upon the Commission pursuant to the provisions of this chapter may be delivered to the principal office of the Division. (Added to NRS by 2003, 2210)

NRS 116.643 Authority for Commission or Real Estate Administrator to adopt regulations requiring additional disclosures for sale of unit. The Commission, or the Administrator with the approval of the Commission, may adopt regulations to require any additional disclosures in the c…

NRS 116.645 Authority for Real Estate Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions. 1. The Administrator may adopt regulations which establish procedures for the Division to conduct business electronically pursuant to titl…

NRS 116.660 Issuance and enforcement of subpoenas. 1. To carry out the purposes of this chapter, the Commission, or any member thereof acting on behalf of the Commission or acting on behalf of a hearing panel, may issue subpoenas to compel the attendance of witnesses and the prod…

NRS 116.662 Witnesses: Payment of fees and mileage. 1. Each witness who is subpoenaed and appears at a hearing is entitled to receive for his or her attendance the same fees and mileage allowed by law to a witness in a civil case. 2. The fees and mileage for the witness: (a) Must…

NRS 116.665 Conducting hearings and other proceedings; collection of information; development and promotion of educational guidelines; accreditation of programs of education and research. 1. The Commission shall conduct such hearings and other proceedings as are required by the p…

NRS 116.670 Establishment of standards for subsidizing arbitration, mediation and educational programs; acceptance of gifts, grants and donations; agreements and cooperation with other entities. The Commission may: 1. By regulation, establish standards for subsidizing proceedings…

NRS 116.675 Appointment of hearing panels; delegation of powers and duties; appeals to Commission. 1. The Commission may appoint one or more hearing panels. Each hearing panel must consist of one or more independent hearing officers. An independent hearing officer may be, without…

NRS 116.680 Use of audio or video teleconference for hearings. The Commission or a hearing panel may conduct a hearing by means of an audio or video teleconference to one or more locations if the audio or video technology used at the hearing provides the persons present at each l…

NRS 116.745 “Violation” defined. As used in NRS 116.745 to 116.795, inclusive, unless the context otherwise requires, “violation” means a violation of: 1. Any provision of this chapter except NRS 116.31184; 2. Any regulation adopted pursuant to this chapter; or 3. Any order of th…

NRS 116.750 Jurisdiction of Real Estate Division, Ombudsman, Commission and hearing panels. 1. In carrying out the provisions of NRS 116.745 to 116.795, inclusive, the Division and the Ombudsman have jurisdiction to investigate and the Commission and each hearing panel has jurisd…

NRS 116.755 Rights, remedies and penalties are cumulative and not exclusive; limitations on power of Commission and hearing panels regarding internal activities of association. 1. The rights, remedies and penalties provided by NRS 116.745 to 116.795, inclusive, are cumulative and…

NRS 116.757 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 written affidavit filed w…

NRS 116.760 Right of person aggrieved by alleged violation to file affidavit with Real Estate Division; procedure for filing affidavit; administrative fine or sanctions for filing false or fraudulent affidavit; designation as vexatious affiant. 1. Except as otherwise provided in …

NRS 116.765 Referral of affidavit to Ombudsman for assistance in resolving alleged violation; report by Ombudsman; investigation by Real Estate Division; determination of whether to file complaint with Commission. 1. Upon receipt of an affidavit that complies with the provisions …

NRS 116.770 Procedure for hearing complaints: Time for holding hearing; continuances; notices; evidence; answers; defaults. 1. Except as otherwise provided in subsection 2, if the Administrator files a formal complaint with the Commission, the Commission or a hearing panel shall …

NRS 116.775 Representation by attorney. Any party to the complaint may be represented by an attorney at any hearing on the complaint. (Added to NRS by 2003, 2216)

NRS 116.780 Decisions on complaints. 1. After conducting its hearings on the complaint, the Commission or the hearing panel shall render a final decision on the merits of the complaint not later than 20 days after the date of the final hearing. 2. The Commission or the hearing pa…

NRS 116.785 Remedial and disciplinary action: Orders to cease and desist and to correct violations; administrative fines; removal from office or position; payment of costs; exemptions from liability. 1. If the Commission or the hearing panel, after notice and hearing, finds that …

NRS 116.790 Remedial and disciplinary action: Audit of association; requiring association to hire community manager who holds certificate; appointment of receiver. 1. If the Commission or a hearing panel, after notice and hearing, finds that the executive board or any person acti…

NRS 116.793 Complaint for violation of fee provisions; procedure; fine for violation. 1. Notwithstanding the provisions of NRS 116.745 to 116.795, inclusive, a person who is aggrieved by an alleged violation of subsection 6 of NRS 116.3102 or subsection 8 of NRS 116.4109 may file…

NRS 116.795 Injunctions. 1. If the Commission or the Division has reasonable cause to believe, based on evidence satisfactory to it, that any person violated or is about to violate any provision of this chapter, any regulation adopted pursuant thereto or any order, decision, dema…

NRS 116A.010 Definitions. As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 116A.020 to 116A.130, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2005, 2574; A 2009, 2817)

NRS 116A.020 “Administrator” defined. “Administrator” means the Real Estate Administrator. (Added to NRS by 2005, 2574)