Nev. Rev. Stat. ch. 119 – Sale of Subdivided Land: Licensing and Regulation | Midpage

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Nevada Revised Statutes

Chapter 119

Nev. Rev. Stat. ch. 119

Sale of Subdivided Land: Licensing and Regulation

119.010Definitions 119.015“Administrator” defined 119.020“Blanket encumbrance” defined 119.030“Broker” defined 119.040“Developer” defined 119.045“Director” defined 119.050“Division” defined 119.055“Hearing officer” defined 119.060“Offer” defined 119.070“Person” defined 119.075“Property report” defined 119.080“Purchaser” defined 119.090“Registered representative” defined 119.100“Sale” defined 119.105“Statement of record” defined 119.110“Subdivision” defined 119.112“Unit” defined 119.114Administration by Real Estate Division; duties of Attorney General 119.115Authority for Real Estate Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions 119.116Employment of counsel, investigators and professional consultants 119.118Support of Division by legislative appropriation; disposition of fees and charges 119.119Applicability to subdivision registered under Interstate Land Sales Full Disclosure Act 119.1193Applicability to subdivision restricted exclusively to nonresidential use 119.1197Exemptions: Undivided interests in unimproved land that is undivided, located outside Nevada and offered for investment purposes; requirements to obtain exemption; regulations; revocation; complaints 119.120Exemptions: Single purchase; large lots; contractors; court orders; governmental agencies 119.121Exemptions: Single purchase; small lots; requirements for partial registration 119.122Exemptions: Evidence of secured indebtedness; investment trusts; cemetery lots; property without liens, encumbrances or adverse claims; regulations of Division; revocation 119.125Exemptions: Time shares; memberships in campgrounds 119.128Exemptions: Limitation 119.130License: Requirement; appointment of Secretary of State as agent for service of process; procedure for service of process 119.140License: Required information; application; fee 119.150License: Investigation 119.160License: Issuance; denial; temporary permit; hearing 119.163License: Creation and maintenance of website through which licenses may be renewed; fees 119.165Renewal of permit; creation and maintenance of website; fees 119.167Requirement to notify Division in writing of certain convictions 119.170Sales: Reference to Division or employees prohibited 119.175Responsibility of developer for acts of others 119.180Sales: Approval of plan and methods required; application by broker and salesperson 119.181Sales: Activities of registered representatives; application by registered representative 119.182Sales: Review of information by broker or salesperson; rescission by purchaser 119.183Sales: Disclosure to purchaser concerning public services and utilities 119.1835Sales: Disclosure to purchaser of location of rights-of-way and easements for electrical transmission lines 119.1837Sales: Developer must comply with certain provisions governing public offering statements for common-interest community containing converted building 119.184Sales: Approval of advertising and offering 119.185Qualifications of registered representatives 119.190Additional penalty for violations 119.200Participation by officers and employees of Division prohibited 119.210News media not liable for publication or content of advertisements 119.220Action by purchaser or Administrator for misrepresentation or other violation 119.230Sale under blanket encumbrance unlawful; exceptions 119.240Adoption of regulations required 119.250Actions to enjoin violations; intervention 119.260Orders to cease and desist; agreement with developer in lieu of issuance of order 119.265Confidentiality of records: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records 119.267Confidentiality of records: Certain criminal and financial records deemed confidential; exceptions 119.270Hearing officers 119.280Powers of Administrator to take testimony, administer oaths, issue subpoenas and classify confidential records 119.290Service of process; witness fees 119.300Action to compel attendance of witnesses and production of documents 119.310Depositions and discovery 119.320Fees 119.322Disciplinary action for failure to pay money to Real Estate Division 119.325Grounds for imposing fine or suspending, revoking, denying renewal of or placing conditions upon property report, permit, partial registration, exemption or license 119.327Expiration, revocation or surrender of property report, permit, partial registration, exemption, license or registration does not prohibit disciplinary action against holder thereof 119.329Administrative fine for engaging in certain conduct without license, permit, registration or authorization; procedure for imposition of fine; judicial review; exceptions 119.330Unlawful acts; penalties 119.340Provisions of chapter are supplemental