This page is designed to provide information about pending Nevada legislation potentially changing real estate related Nevada Statute and potential Nevada Real Estate Commission changes to Nevada Administrative Code.
The following Senate / Assembly bills are deemed most important relative to real estate licensees and the practice of real estate in the state of Nevada.
2019 Session Information
This bill relates to advertisements by real estate licensees; revising educational requirements which must be satisfied by an applicant for licensure as a real estate salesperson, real estate broker or real estate broker-salesperson; revising provisions governing the maintenance of certain licenses by real estate brokers and owner-developers; revising provisions governing certain regulations of the Real Estate Commission relating to the curriculum and subject matter of continuing education; and providing other matters properly relating thereto.
Summary of Nevada Real Estate Continuing Education changes: The Nevada Real Estate Pre Licensing course requirement will increase from 90 hours of pre licensing education to 120 hours of required pre licensing education. The Nevada Real Estate subsequent renewal continuing education hours required to renew a license will increase from 24 hours to 36 hours of continuing education.
Present Overview: Though the Senate Bill is proposed to take effect July 1st 2019, the Nevada Real Estate Commission will still need to modify the Administrative Code to reflect and complement said changes. It is presently estimated that the commission will meet and modify the Administrative code wherein said universal changes will take effect January 1 2020. This section will be modified as the Nevada Legislator and Nevada Real Estate Commission release information accordingly.
Though this contains an overview of recent Nevada statute / code changes or proposed changes, this notification is not held as enforceable as it is designed to merely provide an update to current legal changes that may impact real estate licensees.
What you need to know NOW as of July 1st 2019:
- A licensee must include his or her license number in any advertisement. Prior to this, the license number was not required to be on business cards and any other advertisements.
- Licenses can now be kept in a secure manner such as a file cabinet or similar but must be available for inspection when required. Prior to this, brokers had to display all licenses.
- All other items within the passed bill require advanced real estate commission definition and NAC to complement the modified NRS. Therefore, the balance of said items are still pending as to when these items are to be enforced.
*History has shown that though this bill changes statute, the enforcement of this statute will be done over time and it is highly unlikely that compliance will expect a universal change of the aforementioned items on July 1 2019. That said, licensees should work toward the inclusion of the license number on all postings and brokers can begin storing licenses should they elect.
SB103, a bill designed to assist with affordable housing by allowing local governments to reduce or subsidize certain fees
SB398, which would allow local governments to impose rent control and inclusion zoning
SB473, revising the definition of affordable housing
SB117, a bill that originally contained language that would have required real estate agents to redact some recorded documents and has since evolved into the creation of a form available for homeowners to record
SB74, a bill on evictions
SB212, a measure dealing with non-consensual towing in residential complexes
AB266, which pertains to the sealing of eviction records
SB199, a bill that originally would have required real estate agents to disclose property taxes due to buyers and has since been amended to require communication between the recorder and the treasurer or assessor
SB367, which would allow pets in low-income housing