Final answer:
The NVREC (Nevada Real Estate Commission) holds hearings to ensure NV licensees comply with real estate laws, and it has the authority to discipline those who violate regulations.
Step-by-step explanation:
The NVREC, which stands for the Nevada Real Estate Commission, is responsible for conducting hearings against NV licensees. These hearings are part of the regulatory framework to ensure compliance with real estate laws and regulations. Licensees who may be subject to these hearings are those who have been accused of violating licensing standards or any related legal provisions. The NVREC has the authority to impose sanctions, revoke licenses, or take other disciplinary actions as necessary to maintain professional integrity within the Nevada real estate industry.