NRS 645.370
Issuance of license to certain organizations doing business as broker

  • restrictions.

1.

Each limited-liability company doing business as a real estate broker must designate its manager, each partnership doing business as a real estate broker must designate one of its members, and each corporation doing business as a real estate broker must designate one of its officers, to submit an application for a broker’s license.

2.

Upon such manager’s, member’s or officer’s successfully passing the examination, and upon compliance with all other requirements of law by the limited-liability company, partnership or corporation, as well as by the designated manager, member or officer, the Division shall issue a broker’s license to the manager, member or officer on behalf of the limited-liability company, corporation or partnership, and thereupon the manager, member or officer so designated is entitled to perform all the acts of a real estate broker contemplated by this chapter; except:

(a)

That the license entitles the manager, member or officer so designated to act as a real estate broker only as officer or agent of the limited-liability company, partnership or corporation, and not on his or her own behalf, except as otherwise provided in NRS 645.385; and

(b)

That if in any case the person so designated is refused a license by the Real Estate Division, or in case the person ceases to be connected with the limited-liability company, partnership or corporation, the limited-liability company, partnership or corporation may designate another person who must apply and qualify as in the first instance.

Source: Section 645.370 — Issuance of license to certain organizations doing business as broker; restrictions., https://www.­leg.­state.­nv.­us/NRS/NRS-645.­html#NRS645Sec370.

645.330
General qualifications of applicant 645.332
Applicants licensed in another jurisdiction: Exemption from certain examination requirements 645.335
Depository financial institution prohibited from being licensed. 645.343
Educational requirements 645.345
Regulations of Division concerning schools and courses of instruction in principles and practice of real estate 645.350
Application: Form and contents. 645.355
Investigation of applicant’s background 645.358
Payment of child support: Submission of certain information by applicant 645.370
Issuance of license to certain organizations doing business as broker 645.380
Issuance of license as broker required for certain members and officers of certain organizations. 645.387
Issuance of license as broker-salesperson or salesperson to sole shareholder of corporation on behalf of corporation or to manager of limited-liability company on behalf of company 645.400
Additional information concerning applicants may be required by Division 645.410
Regulations concerning fees for examination 645.420
Action on application by Division 645.430
Restrictions on reapplication after applicant denied license on ground other than failure of examination. 645.440
Denial of application: Notice 645.450
Time for examinations. 645.460
Examination: Subjects covered 645.475
Examination for license as broker may be taken before meeting requirements for experience 645.490
Issuance of license 645.495
Nonresident licensee to authorize service of process upon Administrator. 645.510
Authority of license limited to person or place of business licensed. 645.520
Form and contents 645.530
Delivery 645.550
Broker to maintain place of business 645.560
Broker: Erection, maintenance, size and placement of signs. 645.570
Notice of change of name, location of business or association 645.575
Continuing education: Standards 645.577
Placement of license on inactive status 645.580
Termination of association or employment of broker-salesperson or salesperson 645.590
Termination of association by broker with limited-liability company, partnership or corporation 645.600
Inactive status for period of military service 645.605
Certificate authorizing out-of-state licensed broker to cooperate with broker in Nevada: Issuance 645.6051
Broker to maintain record of work performed on residential property
Last Updated

Jun. 24, 2021

§ 645.370’s source at nv​.us