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Nevada Revised Statutes
Real Estate Brokers and Salespersons
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Section
645.0005
Definitions.
Section
645.001
"Administrator" defined.
Section
645.002
"Advance fee" defined.
Section
645.004
"Advance fee listing" defined.
Section
645.005
"Brokerage agreement" defined.
Section
645.007
"Business" defined.
Section
645.009
"Client" defined.
Section
645.0045
Agency" defined.
Section
645.0075
"Business broker" defined.
Section
645.010
"Commission" defined.
Section
645.013
"Designated property manager" defined.
Section
645.015
"Director" defined.
Section
645.018
"Owner-developer" defined.
Section
645.019
"Property management" defined.
Section
645.020
"Real estate" defined.
Section
645.030
"Real estate broker" defined.
Section
645.035
"Real estate broker-salesperson" defined.
Section
645.037
"Real Estate Division" and "Division" defined.
Section
645.040
"Real estate salesperson" defined.
Section
645.042
"Used manufactured home" or "used mobile home" defined.
Section
645.044
Use of terms "salesman," "saleswoman" and "salesperson" authorized.
Section
645.045
Administration by Real Estate Division.
Section
645.050
Real Estate Commission: Creation; number and appointment of members; powers and duties; regulations; service of process.
Section
645.060
Real Estate Commission: Limitation on consecutive service by member.
Section
645.070
Real Estate Commission: Oaths of members.
Section
645.090
Real Estate Commission: Qualifications of members.
Section
645.0192
"Property management agreement" defined.
Section
645.0195
"Property manager" defined.
Section
645.0445
Applicability of chapter.
Section
645.100
Real Estate Commission: Residency of members.
Section
645.110
Real Estate Commission: Officers.
Section
645.120
Administrator: Qualifications; restrictions.
Section
645.130
Employees, legal counsel, investigators and other professional consultants of Real Estate Division; restrictions.
Section
645.140
Deposit and use of money received by Division; salary of members; per diem allowance and travel expenses of members and employees of Commission.
Section
645.145
Real Estate Commission: Fiscal year.
Section
645.150
Real Estate Commission: Meetings.
Section
645.160
Real Estate Commission: Quorum; effect of vacancy; act of majority.
Section
645.170
Real Estate Division: Principal and branch offices.
Section
645.180
Real Estate Division: Seal; general provisions governing public inspection and confidentiality of records; admissibility of certified copies of records as evidence.
Section
645.190
Powers of Real Estate Division; regulations of Commission or Administrator; publication of manual or guide.
Section
645.191
Authority for Real Estate Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions.
Section
645.193
Real Estate Division to prepare and distribute forms setting forth certain duties owed by licensees.
Section
645.194
Real Estate Division to prepare booklet concerning certain disclosures required in sale of residential property.
Section
645.195
Inspection of records of broker and owner-developer by Real Estate Division; regulations.
Section
645.200
Attorney General: Opinions and action as attorney.
Section
645.210
Injunctions.
Section
645.215
Investigation by Real Estate Division of certain transactions relating to unimproved land or subdivision; injunction for fraud, deceit or false advertising.
Section
645.230
Unlawful to engage in certain conduct without license or permit or without complying with certain provisions of chapter; power of Real Estate Division to file complaint with court and assist in prosecution of violation; prosecution by district attorney or Attorney General.
Section
645.235
Administrative fine for engaging in certain conduct without license, permit, certificate, registration or authorization; procedure for imposition of fine; judicial review; exceptions.
Section
645.250
Power of cities and towns to license and regulate brokers and salespersons not affected.
Section
645.251
Licensee not required to comply with certain principles of common law.
Section
645.252
Duties of licensee acting as agent in real estate transaction.
Section
645.253
Licensees affiliated with same brokerage: Additional duties when assigned to separate parties to real estate transaction.
Section
645.254
Additional duties of licensee entering into brokerage agreement to represent client in real estate transaction.
Section
645.255
Waiver of duties of licensee prohibited.
Section
645.256
Broker who provides asset management services to client required to provide Real Estate Division with certain information annually; disciplinary action by Division.
Section
645.257
Action to recover damages suffered as result of licensee’s failure to perform certain duties; standard of care.
Section
645.258
Duties concerning transaction involving used manufactured home or used mobile home.
Section
645.259
Liability of licensee for misrepresentation made by client; failure of seller to make required disclosures is public record.
Section
645.260
One act constitutes action in capacity of broker or salesperson.
Section
645.270
Allegation and proof of licensed status in action for compensation.
Section
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.
Section
645.283
Owner-developers: Employment of licensed salespersons; association with qualified sales manager; registration.
Section
645.285
Owner-developers: Form and contents of application for registration.
Section
645.287
Owner-developers: Regulations concerning qualifications; principal place of business and records.
Section
645.289
Owner-developers: Qualifications and duties of person who acts as sales manager.
Section
645.300
Delivery of copy of written brokerage agreement; receipt.
Section
645.310
Deposits and trust accounts: Accounting; commingling; records; inspection and audit.
Section
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.
Section
645.314
Administrator may charge broker for costs and fees of audit under certain circumstances; additional grounds for disciplinary action.
Section
645.315
Conditions and limitations on certain advertisements; required disclosures; prohibited acts; regulations.
Section
645.320
Requirements for exclusive agency representation.
Section
645.321
Discriminatory practices unlawful; penalty.
Section
645.322
Accounting of use of advance fee charged or collected; Division may demand accounting.
Section
645.323
License required for acceptance of advance fee listing.
Section
645.324
Forms of brokerage agreements; reports and forms of accounting; regulations; maintenance of agreements for review and audit; grounds for disciplinary action.
Section
645.330
General qualifications of applicant; grounds for denial of application; eligibility for licensing as broker.
Section
645.332
Applicants licensed in another jurisdiction: Exemption from certain examination requirements; issuance of license as broker or broker-salesperson by reciprocity.
Section
645.335
Depository financial institution prohibited from being licensed.
Section
645.343
Educational requirements; regulations of Commission concerning standards of education. [Effective through December 31, 2019.]
Section
645.343
Educational requirements; regulations of Commission concerning standards of education. [Effective January 1, 2020.]
Section
645.345
Regulations of Division concerning schools and courses of instruction in principles and practice of real estate; standard of instruction.
Section
645.350
Application: Form and contents.
Section
645.355
Investigation of applicant’s background; fees; fingerprints.
Section
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, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
Section
645.358
Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Division. [Effective on the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings and expires by limitation 2 years after that date.]
Section
645.370
Issuance of license to certain organizations doing business as broker; restrictions.
Section
645.380
Issuance of license as broker required for certain members and officers of certain organizations.
Section
645.385
Waiver of requirements of NRS 645.370 and 645.380.
Section
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.
Section
645.400
Additional information concerning applicants may be required by Division; regulations concerning applications.
Section
645.410
Regulations concerning fees for examination; time for payment of fees.
Section
645.420
Action on application by Division; additional investigation; invalidation of license for certain errors in issuance.
Section
645.430
Restrictions on reapplication after applicant denied license on ground other than failure of examination.
Section
645.440
Denial of application: Notice; hearing; written decision; false statement ground for denial.
Section
645.450
Time for examinations.
Section
645.460
Examination: Subjects covered; acceptance of national examination.
Section
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.
Section
645.490
Issuance of license; duty of Real Estate Division; renewal of license.
Section
645.495
Nonresident licensee to authorize service of process upon Administrator.
Section
645.510
Authority of license limited to person or place of business licensed.
Section
645.520
Form and contents; limitation on association with or employment of broker-salesperson or salesperson.
Section
645.530
Delivery; display; maintenance in place of business.
Section
645.550
Broker to maintain place of business; business must be done from location designated in license; licensing of broker or owner-developer by county, city or town.
Section
645.560
Broker: Erection, maintenance, size and placement of signs.
Section
645.570
Notice of change of name, location of business or association; requirements for transfer of association; effect of failure to give notice.
Section
645.575
Continuing education: Standards; renewal or reinstatement of license; regulations.
Section
645.577
Placement of license on inactive status; reinstatement.
Section
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.
Section
645.590
Termination of association by broker with limited-liability company, partnership or corporation; new license.
Section
645.600
Inactive status for period of military service; reinstatement.
Section
645.605
Certificate authorizing out-of-state licensed broker to cooperate with broker in Nevada: Issuance; fee; regulations.
Section
645.610
Investigation of actions of licensees and other persons.
Section
645.615
Duty to report certain convictions and pleas to Division.
Section
645.620
Maintenance by Division of record of complaints, investigations and denials of applications.
Section
645.625
Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records.
Section
645.630
Authorized disciplinary action; grounds for disciplinary action; orders imposing discipline deemed public records.
Section
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 of complaints.
Section
645.635
Additional grounds for disciplinary action: Unprofessional and improper conduct relating to real estate transactions.
Section
645.645
Additional grounds for disciplinary action: Unprofessional and improper conduct relating to sale of insurance for home protection.
Section
645.647
Additional grounds for disciplinary action: Failure to pay money to Commission or Division.
Section
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 withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
Section
645.660
Knowledge of associate or employer of violation by licensee or employee; penalties.
Section
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.
Section
645.675
Investigations, disciplinary or other proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license, permit or registration.
Section
645.680
Revocation, suspension or denial of renewal of license, permit or registration: Complaint; notice of hearing.
Section
645.685
Revocation, suspension or denial of renewal of license, permit or registration: Answer; limitations on time of commencing proceeding.
Section
645.690
Revocation, suspension or denial of renewal of license, permit or registration: Hearing; transcript.
Section
645.700
Power of Commission to administer oaths, certify acts and issue subpoenas; service of process.
Section
645.710
Fees and mileage for witness.
Section
645.720
Enforcement of subpoenas.
Section
645.730
Depositions; taking of evidence in another state; rights of party to hearing.
Section
645.740
Decision of Commission: Rendition; notice; effective date; stay of decision.
Section
645.760
Decision final when in favor of licensee; judicial review of decision against licensee.
Section
645.770
Restrictions on issuance of new license, permit or registration after revocation.
Section
645.780
Expiration of licenses; length of license periods; additional fees for electronic renewal.
Section
645.785
Effect of failure to renew license or permit; increased fee for late renewal.
Section
645.830
Fees; regulations.
Section
645.841
"Fund" defined.
Section
645.842
Creation; use; balances; interest and income.
Section
645.843
Payment of additional fee by licensee for augmentation of Fund.
Section
645.844
Recovery from Fund: Procedure; grounds; amount; hearing.
Section
645.845
Administrator may answer petition for recovery; effect of judgment; compromise of claim.
Section
645.846
Court order requiring payment from Fund.
Section
645.847
Automatic suspension of license upon payment from Fund; conditions for reinstatement of license.
Section
645.848
Distribution of payment from Fund if claims exceed maximum liability of Fund; order of payment of claims if balance of Fund insufficient; interest; use of certain money deposited in Fund.
Section
645.863
Permit to engage in business as business broker: Persons eligible; requirements; continuing education; expiration; renewal; regulations.
Section
645.865
Permit to engage in business as business broker: Requirements for certain organizations.
Section
645.867
Designated business brokers: Requirements; qualifications; duties.
Section
645.990
Unlawful acts; penalties.
Section
645.993
Unlawful to file documents that are false or contain willful, material misstatement of fact; penalty.
Section
645.2515
Broker’s price opinion: Requirements; duties of licensee; regulations.
Section
645.3205
Dealing with party to real estate transaction in manner which is deceitful, fraudulent or dishonest prohibited.
Section
645.6051
Broker to maintain record of work performed on residential property; contents of record.
Section
645.6052
Permit to engage in property management: Persons eligible; requirements; instruction; expiration; renewal; regulations.
Section
645.6054
Permit to engage in property management: Requirements for certain organizations.
Section
645.6055
Designated property managers: Requirements; qualifications; duties.
Section
645.6056
Property management agreements: Requirements; contents.
Section
645.6058
Disposition of fees, penalties and fines received by Division; delegation of authority of Division to hearing officer or panel.
Section
645.8491
Administrator subrogated to rights of judgment creditor; deposit of money recovered.
Section
645.8492
Waiver of rights.
Section
645.8494
Disciplinary action against licensee not restricted.
Section
645.8701
Definitions.
Section
645.8705
"Brokerage agreement" defined.
Section
645.8711
"Commercial real estate" defined.
Section
645.8715
"Commission" defined.
Section
645.8721
"Disposition" defined.
Section
645.8725
"Escrow" defined.
Section
645.8731
"Escrow agent" defined.
Section
645.8735
"Owner" defined.
Section
645.8741
"Owner’s net proceeds" defined.
Section
645.8761
Broker has claim upon owner’s net proceeds for earned commissions; conditions and limitations on enforcement of claim; waiver; inapplicability to third-party claims; obligation to close escrow unaffected by claim.
Section
645.8765
Requirements for broker to enforce claim: Written notice to owner and escrow agent; effect of failure to provide notice; exceptions.
Section
645.8771
Requirements for broker to enforce claim: Information required in notice; verification by oath; acknowledgment.
Section
645.8775
Duty of owner to confirm or deny claim; effect of confirming claim; effect of denying claim or failing to respond; recording of claim by broker.
Section
645.8781
Duties of escrow agent upon notice of claim.
Section
645.8785
Deposit of proceeds with district court; discharge of escrow agent from further liability concerning proceeds.
Section
645.8791
Civil action concerning claim: Issuance of order to broker to appear and show cause; effect of failure to appear; hearings; release of proceeds; frivolous claims; compensatory damages; award of costs and attorney’s fees to prevailing party.
Section
645.8795
Priority of recorded claim.
Section
645.8801
Release of recorded claim.
Section
645.8805
Service of notice.
Section
645.8811
Escrow agents: Immunity; collection of fees for services.