NRS 645.6055
Designated property managers: Requirements

  • qualifications
  • duties.

1.

If a real estate broker does not hold a permit to engage in property management but intends to have property management activities conducted at an office, the real estate broker must:

(a)

Appoint a person, who has the qualifications required by this section, as the designated property manager for the office to supervise the property management activities conducted at the office; and

(b)

Submit notice of the appointment to the Division.

2.

The designated property manager for an office must be a natural person who:

(a)

Holds a license as a real estate broker or real estate broker-salesperson;

(b)

Holds a permit to engage in property management; and

(c)

Has 2 years active experience, within the 4 years immediately preceding the date of the appointment, in conducting property management activities in the United States as a licensed real estate broker, real estate broker-salesperson or real estate salesperson.

3.

While acting as the designated property manager for an office, the person:

(a)

Must comply with the provisions of NRS 645.6052 to 645.6058, inclusive, and all other applicable provisions of this chapter; and

(b)

Is subject to all the remedies and penalties provided for in this chapter.

Source: Section 645.6055 — Designated property managers: Requirements; qualifications; duties., https://www.­leg.­state.­nv.­us/NRS/NRS-645.­html#NRS645Sec6055.

Last Updated

Feb. 5, 2021

§ 645.6055’s source at nv​.us