Nevada Timeshare License Practice Exam

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Which statute governs real estate brokers and salespersons in Nevada?

NRS 645
NRS 646
NRS 647
NRS 648

The correct answer is: NRS 645

The statute that governs real estate brokers and salespersons in Nevada is NRS 645. This chapter outlines the licensing requirements, duties, and regulatory framework for both brokers and salespersons operating within the state. It includes provisions on obtaining a license, maintaining licensure, and disciplinary actions for violations of the law, thereby establishing a comprehensive legal foundation for the real estate industry in Nevada. By contrast, the other statutes referenced do not pertain specifically to real estate brokers and salespersons; they cover different areas of law. Understanding NRS 645 is crucial for anyone preparing for a career in real estate in Nevada, as it sets the standard for professional conduct and accountability in the field.