119.150 - License: Investigation. - Nevada Statutes

119.150  License: Investigation.

      1.  The Division shall, before issuing any license pursuant to the provisions of this chapter to any person, fully investigate all information placed before it as is required pursuant to this chapter and, if in the judgment of the Division it is necessary, inspect the property which is the subject of the application. All reasonable expenses incurred by the Division in carrying out the investigation or inspection must be paid by the applicant and no license may be issued until those expenses have been fully paid.

      2.  Payments received by the Division pursuant to this section must be deposited in the State Treasury for Credit to the Real Estate Investigative Account, which is hereby created in the State General Fund. The Administrator shall use this Account to pay the expenses of agents and employees of the Division in making an investigation pursuant to this section. The Administrator may advance money for those expenses when appropriate.

      3.  Each expenditure from the Investigative Account must be paid as other claims against the State are paid.

      (Added to NRS by 1971, 1406; A 1973, 1754; 1979, 100; 1991, 1752)