Nevada § 645.865 Permit to engage in business as business broker: Requirements for certain organizations

Nevada Statutes

§ 645.865 — Permit to engage in business as business broker: Requirements for certain organizations

Nevada § 645.865

Title 54PROFESSIONS, OCCUPATIONS AND BUSINESSES

Ch. 645Real

BUSINESS BROKERS

This text of Nevada § 645.865 (Permit to engage in business as business broker: Requirements for certain organizations) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 645.865 (2026).

Text

1. To engage in business as a business broker in this State:

(a)A partnership shall designate one of its members;

(b)A corporation shall designate one of its officers or employees;

(c)A limited-liability company shall designate its manager; and

(d)A real estate broker who conducts business as a sole proprietor shall designate himself or herself or a person who is licensed under the real estate broker, Ê to submit an application for a permit pursuant to NRS 645.863 . The partnership, corporation, limited-liability company or sole proprietor shall not engage in business as a business broker unless the person so designated has been issued such a permit. 2. If the person designated to apply for a permit meets the qualifications for a permit set forth in NRS 645.863 , the Real Estate Divisi

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1. To engage in business as a business broker in this State:
(a) A partnership shall designate one of its members;
(b) A corporation shall designate one of its officers or employees;
(c) A limited-liability company shall designate its manager; and
(d) A real estate broker who conducts business as a sole proprietor shall designate himself or herself or a person who is licensed under the real estate broker,
Ê to submit an application for a permit pursuant to NRS 645.863 . The partnership, corporation, limited-liability company or sole proprietor shall not engage in business as a business broker unless the person so designated has been issued such a permit.
2. If the person designated to apply for a permit meets the qualifications for a permit set forth in NRS 645.863 , the Real Estate Division shall issue to that person a permit to engage in business as a business broker on behalf of the partnership, corporation, limited-liability company or sole proprietor.
3. A person to whom such a permit has been issued may act as a business broker pursuant to the permit only on behalf of the partnership, corporation, limited-liability company or sole proprietor, and not on his or her own behalf. If that person ceases to be connected or associated with the partnership, corporation, limited-liability company or sole proprietor, the partnership, corporation, limited-liability company or sole proprietor shall designate another person who meets the qualifications for a permit set forth in NRS 645.863 to hold the permit on behalf of the partnership, corporation, limited-liability company or sole proprietor.
4. Any member, officer or employee of a partnership, corporation, limited-liability company or sole proprietor, other than the person designated as the business broker pursuant to subsection 1, who wishes to engage in business as a business broker must apply in his or her own name for a permit. Pursuant to such a permit, the member, officer or employee of a partnership, corporation, limited-liability company or sole proprietor may act as a business broker only as an officer, agent or employee of the partnership, corporation, limited-liability company or sole proprietor, and not on his or her own behalf.