Nevada Revised Statutes 645.843 – Payment of additional fee by licensee for augmentation of Fund
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1. Upon application for or renewal of every real estate broker’s, broker-salesperson’s and salesperson’s license, every licensed broker, broker-salesperson and salesperson shall pay in addition to the original or renewal fee, a fee for real estate education, research and recovery. The additional fee must be deposited in the State Treasury for credit to the Real Estate Education, Research and Recovery Fund, and must be used solely for the purposes provided in NRS 645.841 to 645.8494, inclusive.
Terms Used In Nevada Revised Statutes 645.843
- real estate: means every interest or estate in real property including but not limited to freeholds, leaseholds and interests in condominiums, town houses or planned unit developments, whether corporeal or incorporeal, and whether the real property is situated in this State or elsewhere. See Nevada Revised Statutes 645.020
2. Owner-developers need not contribute to the Fund.