Payment of additional fee by licensee for augmentation of Fund.
1. Upon application for or renewal of every real estate broker’s, broker-salesman’s and salesman’s license, every licensed broker, broker-salesman and salesman 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.
2. Owner-developers need not contribute to the Fund.
Last modified: February 27, 2006