Nevada Revised Statutes
Chapter 119 - Sale of Subdivided Land: Licensing and Regulation
NRS 119.140 - License: Required information; application; fee.

Any person or broker proposing to offer or sell any subdivision or lot, parcel, unit or interest therein in this state shall first submit to the Division:
1. The name and address of each person owning or controlling an interest of 10 percent or more.
2. The name, principal occupation and address of every officer, director, partner, owner, associate or trustee of the subdivider.
3. The legal description and area of lands.
4. A true statement of the condition of the title to the land, including all encumbrances thereon.
5. A true statement of the terms and conditions on which it is intended to dispose of the land and copies of the instruments which will be delivered to a purchaser to evidence his or her interest in the subdivision and of the contracts and other agreements which a purchaser will be required to agree to or sign.
6. A true statement of the provisions, if any, that have been made for public utilities in the proposed subdivision, including water, electricity, gas, telephone and sewerage facilities.
7. A true statement of the use for which the proposed subdivision will be offered.
8. A true statement of the provisions, if any, limiting the use or occupancy of the parcels in the subdivision.
9. A true statement of the maximum depth of fill used, or proposed to be used on each lot, and a true statement on the soil conditions in the subdivision supported by engineering reports showing the soil has been, or will be, prepared in accordance with the recommendations of a licensed civil engineer.
10. A true statement of the amount of indebtedness which is a lien upon the subdivision or any part thereof, and which was incurred to pay for the construction of any on-site or off-site improvement, or any community or recreational facility, and the names and addresses of the holders of the indebtedness together with an indication of their relationship, if any, to the owner and subdivider.
11. A true statement or reasonable estimate, if applicable, of the amount of any indebtedness which has been or is proposed to be incurred by an existing or proposed special district, entity, taxing area or assessment district, within the boundaries of which the subdivision, or any part thereof, is located, and which is to pay for the construction or installation of any improvement or to furnish community or recreational facilities to the subdivision, and which amounts are to be obtained by ad valorem tax or assessment, or by a special assessment or tax upon the subdivision, or any part thereof.
12. A true statement describing any agricultural activities or conditions in the area which may adversely affect residents of the subdivision, including any odors, cultivation and related dust, agricultural burning, application of pesticides, or irrigation and drainage.
13. Such other information as the owner, his or her agent or subdivider may wish to present.
14. A completed application for a license in such form and containing such additional information as the Division may require on its filing forms.
15. The fees prescribed by this chapter.
(Added to NRS by 1971, 1405; A 1973, 1753; 1983, 1679; 1997, 1061)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 119 - Sale of Subdivided Land: Licensing and Regulation

NRS 119.010 - Definitions.

NRS 119.015 - "Administrator" defined.

NRS 119.020 - "Blanket encumbrance" defined.

NRS 119.030 - "Broker" defined.

NRS 119.040 - "Developer" defined.

NRS 119.045 - "Director" defined.

NRS 119.050 - "Division" defined.

NRS 119.055 - "Hearing officer" defined.

NRS 119.060 - "Offer" defined.

NRS 119.070 - "Person" defined.

NRS 119.075 - "Property report" defined.

NRS 119.080 - "Purchaser" defined.

NRS 119.090 - "Registered representative" defined.

NRS 119.100 - "Sale" defined.

NRS 119.105 - "Statement of record" defined.

NRS 119.110 - "Subdivision" defined.

NRS 119.112 - "Unit" defined.

NRS 119.114 - Administration by Real Estate Division; duties of Attorney General.

NRS 119.115 - Authority for Real Estate Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions.

NRS 119.116 - Employment of counsel, investigators and professional consultants.

NRS 119.118 - Support of Division by legislative appropriation; disposition of fees and charges.

NRS 119.119 - Applicability to subdivision registered under Interstate Land Sales Full Disclosure Act.

NRS 119.1193 - Applicability to subdivision restricted exclusively to nonresidential use.

NRS 119.1197 - Exemptions: Undivided interests in unimproved land that is undivided, located outside Nevada and offered for investment purposes; requirements to obtain exemption; regulations; revocation; complaints.

NRS 119.120 - Exemptions: Single purchase; large lots; contractors; court orders; governmental agencies.

NRS 119.121 - Exemptions: Single purchase; small lots; requirements for partial registration.

NRS 119.122 - Exemptions: Evidence of secured indebtedness; investment trusts; cemetery lots; property without liens, encumbrances or adverse claims; regulations of Division; revocation.

NRS 119.125 - Exemptions: Time shares; memberships in campgrounds.

NRS 119.128 - Exemptions: Limitation.

NRS 119.130 - License: Requirement; appointment of Secretary of State as agent for service of process; procedure for service of process.

NRS 119.140 - License: Required information; application; fee.

NRS 119.150 - License: Investigation.

NRS 119.160 - License: Issuance; denial; temporary permit; hearing.

NRS 119.163 - License: Creation and maintenance of website through which licenses may be renewed; fees.

NRS 119.165 - Renewal of permit; creation and maintenance of website; fees.

NRS 119.167 - Requirement to notify Division in writing of certain convictions.

NRS 119.170 - Sales: Reference to Division or employees prohibited.

NRS 119.175 - Responsibility of developer for acts of others.

NRS 119.180 - Sales: Approval of plan and methods required; application by broker and salesperson.

NRS 119.181 - Sales: Activities of registered representatives; application by registered representative.

NRS 119.182 - Sales: Review of information by broker or salesperson; rescission by purchaser.

NRS 119.183 - Sales: Disclosure to purchaser concerning public services and utilities.

NRS 119.1835 - Sales: Disclosure to purchaser of location of rights-of-way and easements for electrical transmission lines.

NRS 119.1837 - Sales: Developer must comply with certain provisions governing public offering statements for common-interest community containing converted building.

NRS 119.184 - Sales: Approval of advertising and offering.

NRS 119.185 - Qualifications of registered representatives.

NRS 119.190 - Additional penalty for violations.

NRS 119.200 - Participation by officers and employees of Division prohibited.

NRS 119.210 - News media not liable for publication or content of advertisements.

NRS 119.220 - Action by purchaser or Administrator for misrepresentation or other violation.

NRS 119.230 - Sale under blanket encumbrance unlawful; exceptions.

NRS 119.240 - Adoption of regulations required.

NRS 119.250 - Actions to enjoin violations; intervention.

NRS 119.260 - Orders to cease and desist; agreement with developer in lieu of issuance of order.

NRS 119.265 - Confidentiality of records: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records.

NRS 119.267 - Confidentiality of records: Certain criminal and financial records deemed confidential; exceptions.

NRS 119.270 - Hearing officers.

NRS 119.280 - Powers of Administrator to take testimony, administer oaths, issue subpoenas and classify confidential records.

NRS 119.290 - Service of process; witness fees.

NRS 119.300 - Action to compel attendance of witnesses and production of documents.

NRS 119.310 - Depositions and discovery.

NRS 119.320 - Fees.

NRS 119.322 - Disciplinary action for failure to pay money to Real Estate Division.

NRS 119.325 - Grounds for imposing fine or suspending, revoking, denying renewal of or placing conditions upon property report, permit, partial registration, exemption or license.

NRS 119.327 - Expiration, revocation or surrender of property report, permit, partial registration, exemption, license or registration does not prohibit disciplinary action against holder thereof.

NRS 119.329 - Administrative fine for engaging in certain conduct without license, permit, registration or authorization; procedure for imposition of fine; judicial review; exceptions.

NRS 119.330 - Unlawful acts; penalties.

NRS 119.340 - Provisions of chapter are supplemental.