This page is designed to provide information about 2019 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
What you need to know NOW:
At present, NAC conflicts with the newly amended NRS. The Nevada real estate division will not enforce the newly amended NRS (amended by SB230) until the NAC coincides with the statutes modified by the bill. The NVREC is taking a cautious approach to the required codification. It is estimated that the commission will memorialize the changes to NAC in late 2019 and then provide a period of time prior to the official active date of said changes. It is estimated that these changes will be active July 1 2020.
Use this link to examine recent Nevada Real Estate Commission hearings and the agenda within: http://red.nv.gov/Content/Meetings/Real_Estate_Calendar/
- 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.
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 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.
PRE LICENSING – It is presently estimated that the commission will meet and modify the Administrative code wherein said universal 120 hour Pre Licensing changes will be discussed and codified in late 2019. It is estimated that the NREC will use July 1 2020 as an implementation date.
CONTINUING EDUCATION: It is presently estimated that the commission will meet and modify the Administrative code wherein said 36 hour continuing education changes will take effect June 1 2020. Estimated time frame – If the NREC adopts regulation in December 2019, then by June 1 2020 all of the licensees will be notified that the additional hours decided on by the commission will be required for the licensees next renewal period.
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.
SB103, a bill designed to assist with affordable housing by allowing local governments to reduce or subsidize certain fees
SB151, a bill to remove and revise certain provisions related to evictions
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
AB335, A bill revising the fees that an association may charge for services