EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

1-1 Section 1. Chapter 108 of NRS is hereby amended by adding thereto

1-2 the provisions set forth as sections 2 to 12, inclusive, of this act.

1-3 Sec. 2. As used in sections 2 to 12, inclusive, of this act, unless the

1-4 context otherwise requires, the words and terms defined in sections 3 to

1-5 7, inclusive, of this act have the meanings ascribed to them in those

1-6 sections.

1-7 Sec. 3. "Brokerage agreement" has the meaning ascribed to it in

1-8 NRS 645.005.

1-9 Sec. 4. "Real estate" has the meaning ascribed to it in NRS 645.020.

1-10 Sec. 5. "Real estate broker" has the meaning ascribed to it in NRS

1-11 645.030.

1-12 Sec. 6. "Real estate broker-salesman" has the meaning ascribed to it

1-13 in NRS 645.035.

1-14 Sec. 7. "Real estate salesman" has the meaning ascribed to it in

1-15 NRS 645.040.

1-16 Sec. 8. 1. A real estate broker, real estate broker-salesman or real

1-17 estate salesman has a lien upon real estate in the amount owed to him

1-18 pursuant to a written brokerage agreement signed by:

1-19 (a) The owner of the real estate or an agent of the owner; or

2-1 purchase, lease or other conveyance to the buyer or tenant of an interest

2-2 2. The lien belongs to the real estate broker, real estate

2-3 broker-salesman or real estate salesman named in the brokerage

2-4 independent contractor of the real estate broker, real estate

2-5 Sec. 9. A lien specified in section 8 of this act attaches to real estate

2-6 if:

2-7 salesman becomes entitled to a fee or commission pursuant to a written

2-8 2. The real estate broker, real estate broker-salesman or real estate

2-9 salesman records a notice of lien in the office of the recorder of the

2-10 conveyance or transfer of the real estate against which the lien is claimed

2-11 salesman.

2-12 Sec. 10. 1. A notice of lien recorded by a real estate broker, real

2-13 (a) The name of the claimant;

2-14 claimed;

2-15 (c) A legal description of the real estate;

2-16 (e) The license number of the real estate broker, real estate

2-17 2. The notice must:

2-18 (a) Recite that the information set forth in the notice is true and

2-19 (b) Be signed by the real estate broker, real estate broker-salesman or

2-20 (c) Be verified.

2-21 Sec. 11. 1. Except as otherwise provided in this subsection, a real

2-22 within 10 days after recording a notice of lien:

2-23 against which the lien is claimed by registered or certified mail, return

2-24 receipt requested; or

3-1 transaction is closed, the real estate broker, real estate broker-salesman

3-2 or real estate salesman is not required to mail or serve a copy of the

3-3 2. Mailing a copy of the notice of lien pursuant to the provisions of

3-4 (a) If the notice is mailed to the address of the owner of the real estate

3-5 against which the lien is claimed; and

3-6 thereon prepaid.

3-7 (a) A real estate broker, real estate broker-salesman or real estate

3-8 salesman is required to mail or serve a copy of a notice of lien pursuant

3-9 (b) Fails to mail or serve the copy within the period or in the manner

3-10 Sec. 12. 1. A real estate broker, real estate broker-salesman or real

3-11 estate salesman who claims a lien shall commence an action to enforce

3-12 provisions of section 9 of this act.

3-13 subsection 1 extinguishes the lien.