1. Except as otherwise provided in subsection 2, a person violating a provision of this chapter, if a natural person, is guilty of a gross misdemeanor, and if a copartnership, association or corporation, shall be punished by a fine of not more than $10,000 for each offense.
2. A person who:
(a) Sells or attempts to sell in this state any subdivision or any lot, parcel, unit or interest in any subdivision by means of intentional misrepresentation, deceit or fraud; or
(b) Obtains or attempts to obtain a license under this chapter by means of intentional misrepresentation, deceit or fraud,
is guilty of a category C felony and shall be punished as provided in NRS 193.130. In addition to any other penalty, the court shall order the person to pay restitution.
3. An officer or agent of a corporation, or member or agent of a copartnership or association, who personally participates in or is an accessory to any violation of this chapter by the copartnership, association or corporation, is subject to the penalties prescribed for natural persons in this section.
4. This section does not release any person, corporation, association or copartnership from civil liability or criminal prosecution under any other law of this state.
5. Upon conviction the court may revoke the license of the person so convicted, in addition to imposing the other penalties provided in this section.
(Added to NRS by 1973, 1763; A 1979, 1459; 1995, 1243)
Structure Nevada Revised Statutes
Chapter 119 - Sale of Subdivided Land: Licensing and Regulation
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 119.105 - "Statement of record" defined.
NRS 119.110 - "Subdivision" defined.
NRS 119.114 - Administration by Real Estate Division; duties of Attorney General.
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 119.1193 - Applicability to subdivision restricted exclusively to nonresidential use.
NRS 119.121 - Exemptions: Single purchase; small lots; requirements for partial registration.
NRS 119.125 - Exemptions: Time shares; memberships in campgrounds.
NRS 119.128 - Exemptions: Limitation.
NRS 119.140 - License: Required information; application; fee.
NRS 119.150 - License: Investigation.
NRS 119.160 - License: Issuance; denial; temporary permit; hearing.
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 119.182 - Sales: Review of information by broker or salesperson; rescission by purchaser.
NRS 119.183 - Sales: Disclosure to purchaser concerning public services and utilities.
NRS 119.184 - 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 119.270 - Hearing officers.
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 119.322 - Disciplinary action for failure to pay money to Real Estate Division.