Which law governs real estate transactions in Nevada?

The correct answer for the law that governs real estate transactions in Nevada is Nevada Real Estate License Law. This law outlines the requirements and regulations for individuals and entities engaged in real estate transactions, including licensing, duties, and responsibilities of real estate professionals.

Real estate transactions in Nevada are heavily regulated to ensure that all parties involved adhere to established standards of practice. The Nevada Real Estate License Law specifically addresses issues such as the licensing of real estate agents and brokers, the practices they must follow when conducting business, and the enforcement of these rules to maintain a fair and orderly market.

Other options, while related to real estate, do not provide the same comprehensive framework specifically focusing on the licensing and operational aspects of real estate professionals in the state. Nevada State Property Law and Nevada Property Code might refer to a broader range of property law concepts but do not specifically encompass the licensing and regulatory concerns central to real estate transactions. Nevada Revised Statutes is a wider set of statutes that include all areas of law in the state, not limited to real estate.