Nevada Revised Statutes
Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies
NRS 645C.710 - Administrative fines: Grounds; amount; related disciplinary action.


1. For each violation committed by an applicant for a registration issued pursuant to NRS 645C.600 to 645C.740, inclusive, whether or not the applicant is issued a registration, the Commission may impose upon the applicant an administrative fine of not more than $10,000 if the applicant:
(a) Has knowingly made or caused to be made to the Commission any false representation of material fact;
(b) Has suppressed or withheld from the Commission any information which the applicant possesses and which, if submitted by the applicant, would have rendered the applicant ineligible to be registered pursuant to the provisions of NRS 645C.600 to 645C.740, inclusive; or
(c) Has violated any provision of NRS 645C.600 to 645C.740, inclusive, a regulation adopted pursuant to NRS 645C.600 to 645C.740, inclusive, or an order of the Commission in completing and filing the application for a registration or during the course of the investigation of the application for a registration.
2. For each violation committed by an appraisal management company, the Commission may impose upon the appraisal management company an administrative fine of not more than $10,000, may suspend, revoke or place conditions on the registration or may do both, if the appraisal management company, whether or not acting as such:
(a) Is grossly negligent or incompetent in performing any act for which the appraisal management company is required to be registered pursuant to NRS 645C.600 to 645C.740, inclusive;
(b) Does not conduct its business in accordance with the law or has violated any provision of this chapter, a regulation adopted pursuant thereto or an order of the Commission;
(c) Has made a material misrepresentation in connection with any transaction governed by this chapter;
(d) Has suppressed or withheld from a client any material facts, data or other information relating to any transaction governed by the provisions of this chapter which the appraisal management company knew or, by the exercise of reasonable diligence, should have known;
(e) Has knowingly made or caused to be made to the Commission any false representation of material fact or has suppressed or withheld from the Commission any information which the appraisal management company possesses and which, if submitted by the appraisal management company, would have rendered the appraisal management company ineligible to be registered pursuant to the provisions of NRS 645C.600 to 645C.740, inclusive;
(f) Has been convicted of, or entered a plea of nolo contendere to, a felony relating to the practice of appraisal or any crime involving fraud, misrepresentation or moral turpitude; or
(g) Has engaged in any other conduct constituting a deceitful, fraudulent or dishonest business practice.
3. The Commission shall revoke the registration of an appraisal management company if the appraiser license or certificate of one of its owners is refused, denied, cancelled, surrendered or revoked in any state.
(Added to NRS by 2009, 1519; A 2019, 487)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies

NRS 645C.010 - Definitions.

NRS 645C.020 - "Administrator" defined.

NRS 645C.030 - "Appraisal" defined.

NRS 645C.032 - "Appraisal firm" defined.

NRS 645C.034 - "Appraisal management company" defined.

NRS 645C.037 - "Appraisal Subcommittee" defined.

NRS 645C.040 - "Appraiser" defined.

NRS 645C.045 - "Certificate" defined.

NRS 645C.047 - "Certified appraiser" defined.

NRS 645C.050 - "Commission" defined.

NRS 645C.055 - "Complex property" defined.

NRS 645C.060 - "Division" defined.

NRS 645C.065 - "Federal financial institutions regulatory agency" defined.

NRS 645C.067 - "Federally related transaction" defined.

NRS 645C.070 - "Intern" defined.

NRS 645C.080 - "License" defined.

NRS 645C.090 - "Licensed appraiser" defined.

NRS 645C.100 - "Permit" defined.

NRS 645C.110 - "Real estate" defined.

NRS 645C.120 - "Registered intern" defined.

NRS 645C.130 - "Registration card" defined.

NRS 645C.140 - Purpose of chapter.

NRS 645C.150 - Applicability of chapter.

NRS 645C.170 - Administration by Division; employment of professional consultants to investigate complaints; employees of Division.

NRS 645C.175 - Authority for Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions.

NRS 645C.180 - Commission of Appraisers of Real Estate: Creation; appointment and terms of members; limitations on membership.

NRS 645C.190 - Commission of Appraisers of Real Estate: Qualifications and oaths of members.

NRS 645C.200 - Commission of Appraisers of Real Estate: Fiscal year; officers; meetings; compensation, per diem allowance and travel expenses of members.

NRS 645C.210 - Commission of Appraisers of Real Estate: Powers and duties; regulations; service of process.

NRS 645C.215 - Administrative fine for engaging in certain conduct without certificate, license, registration, registration card or authorization; procedure for imposition of fine; judicial review; exceptions.

NRS 645C.220 - Records: Maintenance by Division; general provisions governing public inspection and confidentiality.

NRS 645C.225 - Records: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records.

NRS 645C.230 - Publication and sale of manual or guide concerning appraisals.

NRS 645C.240 - Deposit and use of money received by Division; financial support of Division.

NRS 645C.245 - Technology Account for Chapter 645C of NRS.

NRS 645C.250 - Duties of Attorney General.

NRS 645C.260 - Certificate, license, permit or registration card required; penalty; prosecution of violation.

NRS 645C.270 - Interns: Registration card; supervision; authorization to work; denial of registration card.

NRS 645C.280 - Types and scope of licenses and certificates; regulations.

NRS 645C.290 - Application for certificate or license: Form and contents.

NRS 645C.295 - Payment of child support: Submission of certain information by applicant; grounds for denial of license, certificate or registration card; duty of Division. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law re...

NRS 645C.300 - Submission of fees and fingerprints with application for certificate, license or registration card; investigation of applicant’s background.

NRS 645C.310 - Period for action on application for certificate or license.

NRS 645C.320 - Qualifications for issuance and grounds for denial of certificate or license.

NRS 645C.330 - Standards for education and experience required for certificate or license; regulations.

NRS 645C.340 - Examination for certificate or license: Fees; scope; use of professional testing organization.

NRS 645C.350 - Frequency of examinations; taking examination before completion of experience and education prohibited; notification of applicant regarding satisfaction of requirements.

NRS 645C.360 - Issuance of certificate or license without examination; reciprocal agreements for issuance of certificates or licenses.

NRS 645C.363 - Permit to conduct appraisal to person who holds certificate or license in another state; regulations.

NRS 645C.367 - Issuance of certificate, license or permit to resident of another state: Appointment of Administrator as agent for service of process; service of process upon Administrator.

NRS 645C.370 - Notification of denial of application; leave to file another application; procedure for appeal of denial.

NRS 645C.380 - Invalidation and surrender of certificate, license or registration card issued in error; notice; request for hearing.

NRS 645C.390 - Form, size and contents of certificate, license or registration card; expiration and renewal; additional fee for electronic renewal.

NRS 645C.400 - Offices of appraiser; change in name of business or location of office; record of appraisals; notices to Division.

NRS 645C.405 - Duty to report certain convictions and pleas to Division.

NRS 645C.410 - Termination of association between appraiser and intern: Duties of appraiser; suspension of registration card; prohibited acts of intern.

NRS 645C.420 - Placement of certificate or license on inactive status; reinstatement.

NRS 645C.430 - Continuing education: Condition to renewal or reinstatement of certificate or license; regulations.

NRS 645C.440 - Continuing education: Regulations; approval of courses.

NRS 645C.450 - Fees; regulations.

NRS 645C.460 - Grounds for disciplinary action; authorized disciplinary action; limitations on reissuance of certificate, license or registration card after revocation; orders imposing discipline deemed public records.

NRS 645C.463 - Disciplinary or other action for failure to pay money owed to Commission or Division.

NRS 645C.465 - Suspension of license, certificate or registration card for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license, certificate or registration card. [Effective until 2 years after the date...

NRS 645C.470 - Unprofessional conduct of certified or licensed appraiser or registered intern.

NRS 645C.480 - Additional acts of unprofessional conduct of certified or licensed appraiser.

NRS 645C.490 - Revocation or suspension of certificate, license or registration card for unprofessional conduct of associate.

NRS 645C.500 - Revocation, suspension or denial of renewal of certificate, license or registration card: Complaint; hearing; notice of hearing. [Effective until 2 years after the date of the repeal of 42 U.S.C. § 666, the federal law requiring each s...

NRS 645C.510 - Revocation, suspension or denial of renewal of certificate, license or registration card: Answer or default; limitations on time for commencement of proceeding.

NRS 645C.520 - Revocation, suspension or denial of renewal of certificate, license or registration card: Notice of decision.

NRS 645C.525 - Investigations, disciplinary proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of certificate, license or registration card.

NRS 645C.527 - Reporting of disciplinary action against and violations by appraiser or intern to national registry of Appraisal Subcommittee.

NRS 645C.530 - Administration of oaths; issuance and enforcement of subpoenas.

NRS 645C.540 - Payment of witnesses for fees and mileage.

NRS 645C.700 - Suspension of registration for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of registration. [Effective until 2 years after the date of the repeal of 42 U.S.C. § 666, the federal law requirin...

NRS 645C.702 - Revocation or suspension of registration: Complaint; hearing; notice of hearing.

NRS 645C.703 - Revocation or suspension of registration: Answer or default; limitations on time for commencement of proceeding.

NRS 645C.704 - Revocation or suspension of registration: Notice of decision.

NRS 645C.705 - Investigations, disciplinary proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of registration.

NRS 645C.706 - Reporting of disciplinary and other action against and violations by appraisal management company to national registry of Appraisal Subcommittee.

NRS 645C.550 - Injunctive relief.

NRS 645C.557 - Prohibition on improperly influencing or attempting to improperly influence appraisal; appraisals to be conducted in accordance with appraisal independence requirements.

NRS 645C.560 - Penalties.

NRS 645C.600 - Applicability of provisions.

NRS 645C.610 - Deposit of money collected; claim for attorney’s fees and costs of investigation.

NRS 645C.650 - Application for registration: Contents; conditions for issuance of registration; grounds for and notice of denial; reapplication.

NRS 645C.655 - Payment of child support: Submission of certain information by applicant; grounds for denial of registration; duty of Division. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establi...

NRS 645C.660 - Service of process: Irrevocable consent; effect of failure to file consent; method; use; effect on continuances.

NRS 645C.665 - Registration: Expiration; requirements for renewal; grounds for denial of renewal.

NRS 645C.667 - Registration: Notification of denial of application for renewal; procedure for appeal of denial.

NRS 645C.670 - Appraisal management company that is not natural person required to designate natural person as qualified employee; regulations.

NRS 645C.675 - Termination of association between appraisal management company and independent contractor: Duties of appraisal management company; rights of aggrieved independent contractor.

NRS 645C.680 - Fees; regulations.

NRS 645C.710 - Administrative fines: Grounds; amount; related disciplinary action.

NRS 645C.720 - Unlawful to conduct business of appraisal management company without registration.

NRS 645C.730 - Unlawful to influence or attempt to influence appraisal.

NRS 645C.740 - Unlawful to change appraisal submitted by independent contractor.