Nevada broker Elena has had her license revoked by the Nevada Real Estate Commission following a disciplinary hearing. She wants to reapply for a license. Under NRS Chapter 645, which statement most accurately describes the conditions under which Elena may apply for a new license after revocation?
Correct Answer
D) Elena may not reapply for any real estate license in Nevada for a minimum of one year after the effective date of revocation, and the Commission retains discretion to deny the application
Under NRS 645.630 and NRS 645.633, a person whose license has been revoked may not apply for a new license for a minimum of one year from the effective date of the revocation order. After that period, the applicant may apply, but the Commission retains full discretion to deny the application based on the circumstances of the revocation and the applicant's fitness for licensure. The Commission is not required to grant a new license simply because the waiting period has passed.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
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?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
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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- → A responsible broker in Wyoming asks about the Commission director receives a complaint about real estate practice. Which answer follows Wyoming law?
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- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
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