Final answer:
The Nevada Real Estate Division (NRED) may investigate a licensee for fraudulent activities, violation of advertising regulations, and misrepresentation of property information, but not for personal financial challenges unrelated to real estate.
Step-by-step explanation:
A Nevada licensee may be investigated by the NRED for all of the following EXCEPT:
- Fraudulent activities
- Violation of advertising regulations
- Personal financial challenges unrelated to real estate
- Misrepresentation of property information
The NRED, or Nevada Real Estate Division, investigates licensees for various violations related to real estate. However, personal financial challenges that are unrelated to real estate are typically not the subject of investigation by the NRED.