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 misrepresentation; and
(b) Failed to inform the person to whom the client made the misrepresentation that the statement was false.
2. Except as otherwise provided in this subsection, the failure of the seller to make the disclosures required by NRS 113.130 and 113.135 if the information that would have been disclosed pursuant to NRS 113.130 and 113.135 is a public record which is readily available to the client. Notwithstanding the provisions of this subsection, a licensee is not relieved of the duties imposed by paragraph (a) of subsection 1 of NRS 645.252.
(Added to NRS by 1995, 2074; A 2001, 2893)