Nevada Revised Statutes
Chapter 645 - Real Estate Brokers and Salespersons

NRS 645.050 - Real Estate Commission: Creation; number and appointment of members; powers and duties; regulations; service of process. - 1. The Real Estate Commission is hereby created. The Commission...

NRS 645.060 - Real Estate Commission: Limitation on consecutive service by member. - Members are eligible for reappointment, but shall not serve for...

NRS 645.070 - Real Estate Commission: Oaths of members. - Each member of the Commission shall, before entering upon the...

NRS 645.090 - Real Estate Commission: Qualifications of members. - Each member of the Commission must: 1. Be a citizen...

NRS 645.100 - Real Estate Commission: Residency of members. - 1. Of the five members appointed to the Commission pursuant...

NRS 645.110 - Real Estate Commission: Officers. - The Commission, at the first meeting of each fiscal year,...

NRS 645.120 - Administrator: Qualifications; restrictions. - The Administrator shall: 1. Possess a broad knowledge of generally...

NRS 645.130 - Employees, legal counsel, investigators and other professional consultants of Real Estate Division; restrictions. - 1. The Real Estate Division may employ: (a) Legal counsel,...

NRS 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. - 1. Except as otherwise provided in this section and NRS...

NRS 645.142 - Technology Account for Chapter 645 of NRS. - 1. The Technology Account for Chapter 645 of NRS is...

NRS 645.145 - Real Estate Commission: Fiscal year. - The Commission shall operate on the basis of a fiscal...

NRS 645.150 - Real Estate Commission: Meetings. - 1. The Commission may hold at least two regular meetings...

NRS 645.160 - Real Estate Commission: Quorum; effect of vacancy; act of majority. - 1. A majority of the Commission shall constitute a quorum...

NRS 645.170 - Real Estate Division: Principal and branch offices. - 1. The Director shall designate the location of the principal...

NRS 645.180 - Real Estate Division: Seal; general provisions governing public inspection and confidentiality of records; admissibility of certified copies of records as evidence. - 1. The Division shall adopt a seal by which it...

NRS 645.190 - Powers of Real Estate Division; regulations of Commission or Administrator; publication of manual or guide. - 1. The Division may do all things necessary and convenient...

NRS 645.191 - 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...

NRS 645.193 - Real Estate Division required to prepare and distribute forms setting forth certain duties owed by licensees. - The Division shall prepare and distribute to licensees: 1. A...

NRS 645.194 - Real Estate Division required to prepare booklet concerning certain disclosures required in sale of residential property. - 1. The Division shall prepare a booklet that provides relevant...

NRS 645.195 - Inspection of records of broker and owner-developer by Real Estate Division; regulations. - 1. The Division shall regularly inspect the transaction files, trust...

NRS 645.200 - Attorney General: Opinions and action as attorney. - 1. The Attorney General shall render to the Division opinions...

NRS 645.210 - Injunctions. - 1. Whenever the Real Estate Division believes from evidence satisfactory...

NRS 645.215 - Investigation by Real Estate Division of certain transactions relating to unimproved land or subdivision; injunction for fraud, deceit or false advertising. - 1. If the Real Estate Division has reason to believe...

NRS 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 d... - 1. It is unlawful for any person, limited-liability company, partnership,...

NRS 645.235 - Administrative fine for engaging in certain conduct without license, permit, certificate, registration or authorization; procedure for imposition of fine; judicial review; exceptions. - 1. In addition to any other remedy or penalty, the...

NRS 645.250 - Power of cities and towns to license and regulate brokers and salespersons not affected. - Nothing contained in this chapter shall affect the power of...

NRS 645.251 - Licensee not required to comply with certain principles of common law. - A licensee is not required to comply with any principles...

NRS 645.2515 - Broker’s price opinion: Requirements; duties of licensee; regulations. - 1. A person licensed pursuant to this chapter may prepare...

NRS 645.252 - Duties of licensee acting as agent in real estate transaction. - A licensee who acts as an agent in a real...

NRS 645.253 - Licensees affiliated with same brokerage: Additional duties when assigned to separate parties to real estate transaction. - If a real estate broker assigns different licensees affiliated with...

NRS 645.254 - Additional duties of licensee entering into brokerage agreement to represent client in real estate transaction. - A licensee who has entered into a brokerage agreement to...

NRS 645.255 - Waiver of duties of licensee prohibited. - Except as otherwise provided in subsection 4 of NRS 645.254,...

NRS 645.256 - Broker who provides asset management services to client required to provide Real Estate Division with certain information annually; disciplinary action by Division. - 1. A broker who enters into an agreement to provide...

NRS 645.257 - Action to recover damages suffered as result of licensee’s failure to perform certain duties; standard of care. - 1. A person who has suffered damages as the proximate...

NRS 645.258 - Duties concerning transaction involving used manufactured home or used mobile home. - 1. In any transaction involving a used manufactured home or...

NRS 645.259 - Liability of licensee for misrepresentation made by client; failure of seller to make required disclosures is public record. - A licensee may not be held liable for: 1. A...

NRS 645.260 - One act constitutes action in capacity of broker or salesperson. - Any person, limited-liability company, partnership, association or corporation who, for...

NRS 645.270 - Allegation and proof of licensed status in action for compensation. - A person, limited-liability company, partnership, association or corporation engaged in...

NRS 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. - 1. It is unlawful for any licensed real estate broker,...

NRS 645.283 - Owner-developers: Employment of licensed salespersons; association with qualified sales manager; registration. - 1. Except as otherwise provided in subsection 2, an owner-developer...

NRS 645.285 - Owner-developers: Form and contents of application for registration. - 1. Application for original registration as an owner-developer shall be...

NRS 645.287 - Owner-developers: Regulations concerning qualifications; principal place of business and records. - 1. Regulations adopted by the Real Estate Commission shall not...

NRS 645.289 - Owner-developers: Qualifications and duties of person who acts as sales manager. - 1. To qualify as a sales manager for the purposes...

NRS 645.300 - Delivery of copy of written brokerage agreement; receipt. - When a licensee prepares or has prepared a written brokerage...

NRS 645.310 - Deposits and trust accounts: Accounting; commingling; records; inspection and audit. - 1. All deposits accepted by every real estate broker or...

NRS 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. - 1. The Division may investigate and audit all financial accounts...

NRS 645.314 - Administrator may charge broker for costs and fees of audit under certain circumstances; additional grounds for disciplinary action. - 1. The Administrator may charge and collect from a real...

NRS 645.315 - Conditions and limitations on certain advertisements; required disclosures; prohibited acts; regulations. - 1. In any advertisement through which a licensee offers to...

NRS 645.320 - Requirements for exclusive agency representation. - Every brokerage agreement which includes a provision for an exclusive...

NRS 645.3205 - Dealing with party to real estate transaction in manner which is deceitful, fraudulent or dishonest prohibited. - A licensee shall not deal with any party to a...

NRS 645.321 - Discriminatory practices unlawful; penalty. - 1. It is unlawful, on account of race, religious creed,...

NRS 645.322 - Accounting of use of advance fee charged or collected; Division may demand accounting. - Any person or entity who charges or collects an advance...

NRS 645.323 - License required for acceptance of advance fee listing. - A person shall not accept an advance fee listing unless...

NRS 645.324 - Forms of brokerage agreements; reports and forms of accounting; regulations; maintenance of agreements for review and audit; grounds for disciplinary action. - 1. The Commission may require such forms of brokerage agreements...

NRS 645.330 - General qualifications of applicant; grounds for denial of application; eligibility for licensing as broker. - 1. Except as otherwise provided by a specific statute, the...

NRS 645.332 - Applicants licensed in another jurisdiction: Exemption from certain examination requirements; issuance of license as broker or broker-salesperson by reciprocity. - 1. An applicant for a license as a real estate...

NRS 645.335 - Depository financial institution prohibited from being licensed. - 1. For the purposes of this section, "depository financial institution"...

NRS 645.343 - Educational requirements; regulations of Commission concerning standards of education. - 1. In addition to the other requirements contained in this...

NRS 645.345 - Regulations of Division concerning schools and courses of instruction in principles and practice of real estate; standard of instruction. - The Division, with the approval of the Commission, shall: 1....

NRS 645.350 - Application: Form and contents. - 1. An application for a license as a real estate...

NRS 645.355 - Investigation of applicant’s background; fees; fingerprints. - 1. Each applicant for a license as a real estate...

NRS 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 pro... - 1. In addition to any other requirements set forth in...

NRS 645.370 - Issuance of license to certain organizations doing business as broker; restrictions. - 1. Each limited-liability company doing business as a real estate...

NRS 645.380 - Issuance of license as broker required for certain members and officers of certain organizations. - Each member or officer of a limited-liability company, partnership or...

NRS 645.385 - Waiver of requirements of NRS 645.370 and 645.380. - The Division may waive the requirements of NRS 645.370 and...

NRS 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. - 1. Any natural person who meets the qualifications of a...

NRS 645.400 - Additional information concerning applicants may be required by Division; regulations concerning applications. - 1. In addition to the information required by this chapter,...

NRS 645.410 - Regulations concerning fees for examination; time for payment of fees. - 1. The Commission shall adopt regulations establishing the fee for...

NRS 645.420 - Action on application by Division; additional investigation; invalidation of license for certain errors in issuance. - 1. The Division shall notify each applicant in writing whether...

NRS 645.430 - Restrictions on reapplication after applicant denied license on ground other than failure of examination. - If an applicant shall have been denied a license except...

NRS 645.440 - Denial of application: Notice; hearing; written decision; false statement ground for denial. - 1. If the Division, after an application for a license...

NRS 645.450 - Time for examinations. - Examination for licenses shall be held by the Real Estate...

NRS 645.460 - Examination: Subjects covered; acceptance of national examination. - 1. The Division shall ascertain by written examination that the...

NRS 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. - 1. An applicant for a real estate broker’s license may...

NRS 645.490 - Issuance of license; duty of Real Estate Division; renewal of license. - 1. Upon satisfactorily passing the written examination and upon complying...

NRS 645.495 - Nonresident licensee required to authorize service of process upon Administrator. - 1. No license may be issued pursuant to NRS 645.490...

NRS 645.510 - Authority of license limited to person or place of business licensed. - No real estate license issued under the provisions of this...

NRS 645.520 - Form and contents; limitation on association with or employment of broker-salesperson or salesperson. - 1. The Division shall issue to each licensee a license...

NRS 645.530 - Delivery; display; maintenance in place of business. - 1. The license of each real estate broker-salesperson or salesperson...

NRS 645.550 - Broker required to maintain place of business; business required to be conducted from location designated in license; licensing of broker or owner-developer by county, city or town. - 1. Every real estate broker shall have and maintain a...

NRS 645.560 - Broker: Erection, maintenance, size and placement of signs. - 1. Each licensed real estate broker shall erect and maintain...

NRS 645.570 - Notice of change of name, location of business or association; requirements for transfer of association; effect of failure to give notice. - 1. Notice in writing must be given by the broker...

NRS 645.575 - Continuing education: Standards; renewal or reinstatement of license; regulations. - 1. The Commission shall adopt regulations that prescribe the standards...

NRS 645.577 - Placement of license on inactive status; reinstatement. - 1. The Division may place a license on inactive status...

NRS 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. - 1. When any real estate broker-salesperson or salesperson terminates, for...

NRS 645.590 - Termination of association by broker with limited-liability company, partnership or corporation; new license. - If any real estate broker licensed pursuant to the provisions...

NRS 645.600 - Inactive status for period of military service; reinstatement. - 1. Any licensee under the provisions of this chapter who...

NRS 645.605 - Certificate authorizing out-of-state licensed broker to cooperate with broker in Nevada: Issuance; fee; regulations. - The Administrator shall have authority to issue certificates authorizing out-of-state...

NRS 645.6051 - Broker required to maintain record of work performed on residential property; contents of record. - 1. A person licensed pursuant to this chapter as a...

NRS 645.6052 - Permit to engage in property management: Persons eligible; requirements; instruction; expiration; renewal; regulations. - 1. A person who is licensed pursuant to this chapter...

NRS 645.6054 - Permit to engage in property management: Requirements for certain organizations. - 1. To engage in the business of property management in...

NRS 645.6055 - Designated property managers: Requirements; qualifications; duties. - 1. If a real estate broker does not hold a...

NRS 645.6056 - Property management agreements: Requirements; contents. - 1. A real estate broker who holds a permit to...

NRS 645.6058 - Disposition of fees, penalties and fines received by Division; delegation of authority of Division to hearing officer or panel. - 1. Except as otherwise provided in subsection 3, all fees,...

NRS 645.610 - Investigation of actions of licensees and other persons. - The Administrator may investigate the actions of any real estate...

NRS 645.615 - Duty to report certain convictions and pleas to Division. - 1. A licensee, property manager or owner-developer shall notify the...

NRS 645.620 - Maintenance by Division of record of complaints, investigations and denials of applications. - The Division shall maintain in each district office a public...

NRS 645.625 - 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...

NRS 645.630 - Authorized disciplinary action; grounds for disciplinary action; orders imposing discipline deemed public records. - 1. The Commission may require a licensee, property manager or...

NRS 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 relati... - 1. The Commission may take action pursuant to NRS 645.630...

NRS 645.635 - Additional grounds for disciplinary action: Unprofessional and improper conduct relating to real estate transactions. - The Commission may take action pursuant to NRS 645.630 against...

NRS 645.645 - Additional grounds for disciplinary action: Unprofessional and improper conduct relating to sale of insurance for home protection. - The Commission may take action pursuant to NRS 645.630 against...

NRS 645.647 - Additional grounds for disciplinary action: Failure to pay money to Commission or Division. - In addition to any other remedy or penalty, the Commission...

NRS 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 stat... - 1. If the Division receives a copy of a court...

NRS 645.660 - Knowledge of associate or employer of violation by licensee or employee; penalties. - 1. Any unlawful act or violation of any of the...

NRS 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. - In the event of the revocation or suspension of the...

NRS 645.675 - Investigations, disciplinary or other proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license, permit or registration. - The expiration or revocation of a license, permit or registration...

NRS 645.680 - Revocation, suspension or denial of renewal of license, permit or registration: Complaint; notice of hearing. - 1. The procedure set forth in this section and NRS...

NRS 645.685 - Revocation, suspension or denial of renewal of license, permit or registration: Answer; limitations on time of commencing proceeding. - 1. The licensee, permittee or owner-developer shall file an answer...

NRS 645.690 - Revocation, suspension or denial of renewal of license, permit or registration: Hearing; transcript. - 1. The hearing on the charges must be held at...

NRS 645.700 - Power of Commission to administer oaths, certify acts and issue subpoenas; service of process. - 1. The Commission, or any member thereof, shall have power...

NRS 645.710 - Fees and mileage for witness. - 1. Each witness who appears by order of the Commission...

NRS 645.720 - Enforcement of subpoenas. - 1. The district court in and for the county in...

NRS 645.730 - Depositions; taking of evidence in another state; rights of party to hearing. - 1. The Commission may, in any hearing before it, cause...

NRS 645.740 - Decision of Commission: Rendition; notice; effective date; stay of decision. - 1. The Commission shall render an informal decision on any...

NRS 645.760 - Decision final when in favor of licensee; judicial review of decision against licensee. - 1. A ruling or decision of the Commission in any...

NRS 645.770 - Restrictions on issuance of new license, permit or registration after revocation. - After the revocation of any license, permit or registration by...

NRS 645.780 - Expiration of licenses; length of license periods; additional fees for electronic renewal. - 1. Each license issued under the provisions of this chapter...

NRS 645.785 - Effect of failure to renew license or permit; increased fee for late renewal. - 1. If a licensee fails to apply for a renewal...

NRS 645.830 - Fees; regulations. - 1. The following fees must be charged by and paid...

NRS 645.841 - "Fund" defined. - As used in NRS 645.841 to 645.8494, inclusive, "Fund" means...

NRS 645.842 - Creation; use; balances; interest and income. - 1. The Real Estate Education, Research and Recovery Fund is...

NRS 645.843 - Payment of additional fee by licensee for augmentation of Fund. - 1. Upon application for or renewal of every real estate...

NRS 645.844 - Recovery from Fund: Procedure; grounds; amount; hearing. - 1. Except as otherwise provided in subsection 2, when any...

NRS 645.845 - Administrator may answer petition for recovery; effect of judgment; compromise of claim. - 1. Whenever the court proceeds upon a petition as provided...

NRS 645.846 - Court order requiring payment from Fund. - If the court finds after the hearing that the claim...

NRS 645.847 - Automatic suspension of license upon payment from Fund; conditions for reinstatement of license. - If the Administrator pays from the Fund any amount in...

NRS 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. - 1. Whenever claims are filed against the Fund which total...

NRS 645.8491 - Administrator subrogated to rights of judgment creditor; deposit of money recovered. - When the Administrator has paid from the Fund any money...

NRS 645.8492 - Waiver of rights. - The failure of a person to comply with any of...

NRS 645.8494 - Disciplinary action against licensee not restricted. - Nothing contained in NRS 645.841 to 645.8494, inclusive, limits the...

NRS 645.863 - Permit to engage in business as business broker: Persons eligible; requirements; continuing education; expiration; renewal; regulations. - 1. A person who is licensed as a real estate...

NRS 645.865 - Permit to engage in business as business broker: Requirements for certain organizations. - 1. To engage in business as a business broker in...

NRS 645.867 - Designated business brokers: Requirements; qualifications; duties. - 1. If a real estate broker does not hold a...

NRS 645.8701 - Definitions. - As used in NRS 645.8701 to 645.8811, inclusive, unless the...

NRS 645.8705 - "Brokerage agreement" defined. - "Brokerage agreement" means a written contract between an owner and...

NRS 645.8711 - "Commercial real estate" defined. - "Commercial real estate" means any real estate located in this...

NRS 645.8715 - "Commission" defined. - "Commission" means any fee or other compensation agreed upon by...

NRS 645.8721 - "Disposition" defined. - "Disposition" means a voluntary conveyance or other transfer of title...

NRS 645.8725 - "Escrow" defined. - "Escrow" has the meaning ascribed to it in NRS 645A.010....

NRS 645.8731 - "Escrow agent" defined. - "Escrow agent" has the meaning ascribed to it in NRS...

NRS 645.8735 - "Owner" defined. - "Owner" means a person who holds legal title to or...

NRS 645.8741 - "Owner’s net proceeds" defined. - "Owner’s net proceeds" means the gross receipts to which an...

NRS 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. - 1. A real estate broker has a claim upon the...

NRS 645.8765 - Requirements for broker to enforce claim: Written notice to owner and escrow agent; effect of failure to provide notice; exceptions. - 1. Except as otherwise provided in subsection 3, if a...

NRS 645.8771 - Requirements for broker to enforce claim: Information required in notice; verification by oath; acknowledgment. - 1. A notice of claim specified in NRS 645.8765 must...

NRS 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. - 1. If an owner is served with a notice of...

NRS 645.8781 - Duties of escrow agent upon notice of claim. - 1. Except as otherwise provided in this subsection, if: (a)...

NRS 645.8785 - Deposit of proceeds with district court; discharge of escrow agent from further liability concerning proceeds. - 1. If: (a) A notice of a claim is recorded...

NRS 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 p... - 1. If a claim is recorded pursuant to NRS 645.8775,...

NRS 645.8795 - Priority of recorded claim. - 1. Except as otherwise provided in subsection 2, a claim...

NRS 645.8801 - Release of recorded claim. - If a real estate broker records a claim pursuant to...

NRS 645.8805 - Service of notice. - Any notice that is required to be served pursuant to...

NRS 645.8811 - Escrow agents: Immunity; collection of fees for services. - An escrow agent: 1. Is not liable in any civil...

NRS 645.990 - Unlawful acts; penalties. - 1. A person who: (a) Obtains or attempts to obtain...

NRS 645.993 - Unlawful to file documents that are false or contain willful, material misstatement of fact; penalty. - 1. It is unlawful for any person to file with...

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Nevada Revised Statutes Chapter 645 - Real Estate Brokers and Salespersons

Nevada Revised Statutes
Chapter 645 - Real Estate Brokers and Salespersons