NRS 645.867
Designated business brokers: Requirements

  • qualifications
  • duties.

1.

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

(a)

Appoint a person, who has the qualifications required by this section, as the designated business broker for the office to supervise the activities of a business broker conducted at the office; and

(b)

Submit notice of the appointment to the Division.

2.

The designated business broker 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 business as a business broker; and

(c)

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

3.

While acting as the designated business broker for an office, the person:

(a)

Must comply with all applicable provisions of this chapter; and

(b)

Is subject to all the remedies and penalties provided for in this chapter.
BROKERAGE AGREEMENTS INVOLVING COMMERCIAL REAL ESTATE
General Provisions

Source: Section 645.867 — Designated business brokers: Requirements; qualifications; duties., https://www.­leg.­state.­nv.­us/NRS/NRS-645.­html#NRS645Sec867.

Last Updated

Feb. 5, 2021

§ 645.867’s source at nv​.us