Nev. Rev. Stat. § 645.0005
Definitions
As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 645.001 to 645.042, inclusive, have the meanings ascribed to them in those sections.
Nevada Revised Statutes Chapter 645 — Real Estate Brokers and Salespersons
Nevada · statute · Nev. Rev. Stat. ch. 645 · 182 active provisions
Nev. Rev. Stat. § 645.001
“Administrator” defined
As used in this chapter, “Administrator” means the Real Estate Administrator.
Nev. Rev. Stat. § 645.002
“Advance fee” defined
“Advance fee” means a fee contracted for, claimed, demanded, charged, received or collected for an advance fee listing, advertisement or offer to sell or lease property, issued for the purpose of promoting the sale or lease of a business or real estate or for referral to a business or real estate brokers or salesperson…
Nev. Rev. Stat. § 645.004
“Advance fee listing” defined
1. “Advance fee listing” includes, but is not limited to: (a) The name or a list of the names of the owners, landlords, exchangers or lessors, or the location of property or a business, or of an interest therein, offered for rent, sale, lease or exchange. (b) The name, or a list of the names, or the location at which p…
Nev. Rev. Stat. § 645.0045
Agency” defined
1. “Agency” means a relationship between a principal and an agent arising out of a brokerage agreement or property management agreement whereby the agent is engaged to do certain acts on behalf of the principal in dealings with a third party. 2. The term does not include a relationship arising solely from negotiations…
Nev. Rev. Stat. § 645.005
“Brokerage agreement” defined
“Brokerage agreement” means a written contract between a client and a broker in which the broker agrees to accept valuable consideration from the client or another person for assisting, soliciting or negotiating the sale, purchase, option, rental or lease of real property, or the sale, exchange, option or purchase of a…
Nev. Rev. Stat. § 645.007
“Business” defined
“Business” means the tangible assets and goodwill of an existing enterprise.
Nev. Rev. Stat. § 645.0075
“Business broker” defined
“Business broker” means a person who, while acting for another and for compensation or with the intention or expectation of receiving compensation: 1. Sells, exchanges, options, purchases, rents or leases a business that is sold, exchanged, optioned, purchased, rented or leased as part of an interest or estate in real…
Nev. Rev. Stat. § 645.009
“Client” defined
“Client” means a person who has entered into a brokerage agreement with a broker or a property management agreement with a broker.
Nev. Rev. Stat. § 645.010
“Commission” defined
As used in this chapter, “Commission” means the Real Estate Commission.
Nev. Rev. Stat. § 645.013
“Designated property manager” defined
“Designated property manager” means a person who has the qualifications required by NRS 645.6055 to be a designated property manager and who is appointed as the designated property manager for an office pursuant to NRS 645.6055.
Nev. Rev. Stat. § 645.015
“Director” defined
As used in this chapter, “Director” means the Director of the Department of Business and Industry.
Nev. Rev. Stat. § 645.018
“Owner-developer” defined
As used in this chapter, “owner-developer” means a person who owns five or more lots within a recorded subdivision, shown on an approved parcel map, or the parceling of which has been approved by the county, on each of which there is a single-family residence not previously sold.
Nev. Rev. Stat. § 645.019
“Property management” defined
“Property management” means the physical, administrative or financial maintenance and management of real property, or the supervision of such activities for a fee, commission or other compensation or valuable consideration, pursuant to a property management agreement.
Nev. Rev. Stat. § 645.0192
“Property management agreement” defined
“Property management agreement” means a written contract between a client and a broker in which the broker agrees to accept valuable consideration from the client or another person for providing property management for the client.
Nev. Rev. Stat. § 645.0195
“Property manager” defined
“Property manager” means a person engaged in property management who, as an employee or independent contractor, is associated with a licensed real estate broker, whether or not for compensation.
Nev. Rev. Stat. § 645.020
“Real estate” defined
As used in this chapter, “real estate” means every interest or estate in real property including but not limited to freeholds, leaseholds and interests in condominiums, town houses or planned unit developments, whether corporeal or incorporeal, and whether the real property is situated in this State or elsewhere.
Nev. Rev. Stat. § 645.030
“Real estate broker” defined
1. “Real estate broker” means a person who, for another and for compensation or with the intention or expectation of receiving compensation: (a) Sells, exchanges, options, purchases, rents or leases, or negotiates or offers, attempts or agrees to negotiate the sale, exchange, option, purchase, rental or lease of, or li…
Nev. Rev. Stat. § 645.035
“Real estate broker-salesperson” defined
1. Within the meaning of this chapter, a “real estate broker-salesperson” is any person who holds a real estate broker’s license, or who has passed the real estate broker’s examination, but who, as an employee or as an independent contractor, for compensation or otherwise, is associated with: (a) A licensed real estate…
Nev. Rev. Stat. § 645.037
“Real Estate Division” and “Division” defined
As used in this chapter, “Real Estate Division” and “Division” mean the Real Estate Division of the Department of Business and Industry.
Nev. Rev. Stat. § 645.040
“Real estate salesperson” defined
Within the meaning of this chapter, a “real estate salesperson” is any person who, as an employee or as an independent contractor, is associated with a licensed real estate broker or registered owner-developer to do or to deal in any act, acts or transactions set out or comprehended by the definition of a real estate b…
Nev. Rev. Stat. § 645.042
“Used manufactured home” or “used mobile home” defined
“Used manufactured home” or “used mobile home” means a manufactured home or mobile home, respectively, which has been: 1. Sold, rented or leased, and which was occupied before or after the sale, rental or lease; or 2. Registered with or been the subject of a certificate of title issued by the appropriate agency of auth…
Nev. Rev. Stat. § 645.044
Use of terms “salesman,” “saleswoman” and “salesperson” authorized
1. A person licensed as a real estate salesperson may use the term “real estate salesman,” “real estate saleswoman” or “real estate salesperson” in the course of doing business. 2. A person licensed as a real estate broker-salesperson may use the term “real estate broker-salesman,” “real estate broker-saleswoman” or “r…
Nev. Rev. Stat. § 645.0445
Applicability of chapter
1. The provisions of this chapter do not apply to, and the terms “real estate broker” and “real estate salesperson” do not include, any: (a) Owner or lessor of property, or any regular employee of such a person, who performs any of the acts mentioned in NRS 645.030, 645.040, 645.230 and 645.260, with respect to the pro…
Nev. Rev. Stat. § 645.045
Administration by Real Estate Division
The provisions of this chapter shall be administered by the Real Estate Division, subject to administrative supervision by the Director.
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