Law Express Question and Answer: Land Law(Q&A Revision

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The Division shall regularly inspect the transaction files, trust records and pertinent real estate business accounts of all real estate brokers and owner-developers to ensure compliance with the provisions of this chapter. ����� 2. Prevent the imposition or collection of any fine or penalty authorized pursuant to the provisions of this chapter or the regulations adopted pursuant thereto against the real estate broker, real estate broker-salesperson, real estate salesperson, property manager or owner-developer. ����� (Added to NRS by 2001, 521 ) ����� NRS 645.680 Revocation, suspension or denial of renewal of license, permit or registration: Complaint; notice of hearing. ����� 1.

Pages: 296

Publisher: Pearson Education Limited; 3rd Revised edition edition (August 3, 2015)

ISBN: 1292066660

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This article does not apply to transfers: (1) pursuant to court order including transfers in administration of an estate, pursuant to a writ of execution, by foreclosure sale, by a trustee in bankruptcy, by a receiver, by eminent domain, and resulting from a decree for specific performance; (2) to a mortgagee from the mortgagor or his successor in interest in a mortgage if the indebtedness is in default, by a trustee pursuant to a deed of trust or to a mortgagee pursuant to a mortgage if the indebtedness is in default, by a trustee under a mortgagee pursuant to a foreclosure sale, or by a mortgagee who has acquired the real property at a sale conducted pursuant to a judgment and order of foreclosure; (3) by a fiduciary in the course of the administration of a decedent’s estate, guardianship, conservatorship, or trust; (4) from one or more co-owners solely to one or more other co-owners; (5) made solely to a spouse or a person or persons in the lineal line of consanguinity of one or more transferors; (6) between spouses resulting from a divorce decree or support order or marital property distribution order; (7) made by virtue of the record owner’s failure to pay federal, state, or local taxes; (8) to or from the federal government; (9) to the State, its agencies and departments, and its political subdivisions including school districts; (10) involving the first sale of a dwelling never inhabited; (11) real property sold at public auction; (12) to a residential trust; and (13) between parties when both parties agree in writing not to complete a disclosure statement. (A) The owner of the real property shall furnish to a purchaser a written disclosure statement Nolo's Essential Guide to Buying Your First Home (book with CD-Rom & Audio)

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