The Nevada Real Estate Commission holds a formal disciplinary hearing and determines that broker Patricia willfully violated NRS Chapter 645 by converting client trust funds to her own use. The Commission wants to impose the most severe sanction available. Which action is within the Commission's authority under Nevada law?
Correct Answer
D) Revoke Patricia's broker license, impose a civil penalty, and refer the matter to the appropriate law enforcement agency for potential criminal prosecution
Under NRS 645.630 and NRS 645.990, the Nevada Real Estate Commission has authority to revoke a license, impose civil penalties, and refer matters involving potential criminal conduct (such as conversion of trust funds, which may constitute theft or fraud under Nevada criminal statutes) to appropriate law enforcement. These powers are cumulative and can all be exercised in connection with the same violation.
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Related Topics & Key Terms
Key Terms:
Related Concepts
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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