Nevada License Law
What must a Nevada real estate agent do if they discover a property has an undisclosed defect after the transaction closes?
ANothing, because the transaction is complete
BThe agent should consult their broker and possibly notify the buyer; ongoing concealment of known material defects can create continuing liability for the agent✓ Correct
CFile a complaint with NRED against the seller
DReturn the commission to the buyer
Explanation
Even after closing, a Nevada agent who becomes aware of an undisclosed material defect should consult with their broker and potentially legal counsel. Ongoing concealment of known material facts can expose the agent to civil liability and disciplinary action under NRS 645.
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