Nevada License Law
What is the consequence for a Nevada licensee who fails to disclose a material fact to a buyer?
AA warning letter only, for a first offense
BPotential license discipline including suspension or revocation, civil liability to the harmed buyer, and possible criminal prosecution if fraud is involved✓ Correct
CA mandatory 4 hours of ethics education
DOnly civil liability — no license discipline
Explanation
Failure to disclose material facts violates NRS 645 and the licensee's fiduciary duty. Consequences can include NRED disciplinary action (suspension, revocation, fines), civil liability to the buyer for damages, and in cases of intentional fraud, criminal prosecution.
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