NRS 489.411
Grounds for disciplinary action: Compensation from certain exclusive agreements

  • conflicts of interest
  • paying unlicensed person
  • commingling
  • allowing unlicensed person to engage in acts requiring licensure
  • failure to account for or remit money or to discharge final judgment
  • acting as agent and undisclosed principal.
The following grounds, among others, constitute grounds for disciplinary action under NRS 489.381:

1.

Claiming, demanding or receiving a fee, compensation or commission under any exclusive agreement, authorizing or employing a licensee to sell, distribute, buy or exchange a manufactured home, mobile home, manufactured building or commercial coach or factory-built housing for compensation or commission, where the agreement does not contain a definite specified date of final and complete termination, does not set forth the terms and conditions of the exclusive agreement or is not signed by both the licensee and the owner.

2.

While the employee, agent or fiduciary of a licensee, soliciting, accepting or agreeing to accept any benefit, fee, commission or compensation for the performance of any of the acts specified in this chapter from any person except the licensee with whom he or she is associated or employed.

3.

Paying a commission or other compensation to any person or employing any person for performing the services of a person required to be licensed under this chapter who has not first secured a license pursuant to this chapter.

4.

Commingling the money or other property of his or her principals with his or her own or converting the money of others to his or her own use.

5.

Knowingly permitting a person whose license has been revoked or suspended or who does not hold a valid license to engage on behalf of the licensed dealer or distributor in acts that require a license.

6.

In the case of a salesperson, failing to give to the licensed dealer or distributor by whom the salesperson is employed, as soon as practicable after receipt, a deposit or other money or consideration entrusted to him or her by a person dealing with the salesperson as a representative of the licensed dealer or distributor.

7.

Failing within a reasonable time to account for or to remit any money coming into his or her possession which belongs to others.

8.

Failure or refusal by a licensee to pay or otherwise discharge any final judgment rendered and entered against the licensee which arises out of the conduct of the licensee’s business licensed under this chapter.

9.

Acting in the dual capacity of agent and undisclosed principal in a transaction.

Source: Section 489.411 — Grounds for disciplinary action: Compensation from certain exclusive agreements; conflicts of interest; paying unlicensed person; commingling; allowing unlicensed person to engage in acts requiring licensure; failure to account for or remit money or to discharge final judgment; acting as agent and undisclosed principal., https://www.­leg.­state.­nv.­us/NRS/NRS-489.­html#NRS489Sec411.

489.301
License for manufacturing plant: Requirements 489.305
License for branch office of dealer, distributor, general serviceperson or specialty serviceperson. 489.311
License to engage in business of dealer, distributor, manufacturer, general serviceperson or specialty serviceperson: Requirements. 489.321
License to engage in business of manufacturer, dealer, distributor, general serviceperson or specialty serviceperson: Application 489.323
Proof of completion of continuing education required for renewal of license of dealer, distributor, general serviceperson, specialty serviceperson, responsible managing employee or salesperson 489.325
Regulations providing for licensing of specialty servicepersons. 489.331
Authority to sell used manufactured and mobile homes in connection with sale of real property without license issued pursuant to this chapter. 489.336
Limited lien resale licenses and permits authorizing landlord or manager of mobile home park to sell used mobile home: Regulations 489.341
License for salesperson or responsible managing employee: Requirements 489.342
Payment of child support: Statement by applicant for license 489.343
Partnership, limited partnership, limited-liability partnership, limited-liability limited partnership, limited-liability company or corporation doing business as manufacturer, dealer, distributor, general serviceperson or specialty serviceperson. 489.344
Member or officer of partnership, limited partnership, limited-liability partnership, limited-liability limited partnership or limited-liability company or corporation who performs specified acts to obtain separate applicable license. 489.351
Examination of applicant for license 489.357
License not to be used by person other than to whom issued 489.381
Disciplinary action against licensees. 489.391
Grounds for disciplinary action: Failure to establish place of business 489.401
Grounds for disciplinary action: Deceptive advertising 489.411
Grounds for disciplinary action: Compensation from certain exclusive agreements 489.416
Grounds for disciplinary action: Substandard or unsafe workmanship 489.421
Grounds for disciplinary action: Revocation or denial of license 489.423
Disciplinary action against licensed dealer or distributor for knowledge of unlawful act of employee or associate or failure to maintain adequate supervision 489.425
Suspension of license for failure to pay child support or comply with certain subpoenas or warrants 489.426
Advance fees: Persons authorized to accept 489.431
Investigation by Administrator 489.436
Bidding, contracting or otherwise acting in capacity of licensee without having license: Cease and desist order 489.441
Hearings before Administrator. 489.451
Commercial coach to bear certificate and label of compliance 489.461
Compliance with local building codes and ordinances not required if certificate and label issued 489.481
Regulations providing fees for certificates, labels, licenses and other services provided by Division. 489.491
Fund for Manufactured Housing.
Last Updated

Jun. 24, 2021

§ 489.411’s source at nv​.us