Nevada § 645.867 Designated business brokers: Requirements; qualifications; duties

Nevada Statutes

§ 645.867 — Designated business brokers: Requirements; qualifications; duties

Nevada § 645.867

Title 54PROFESSIONS, OCCUPATIONS AND BUSINESSES

Ch. 645Real

BUSINESS BROKERS

This text of Nevada § 645.867 (Designated business brokers: Requirements; qualifications; duties) 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. § 645.867 (2026).

Text

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

Free access — add to your briefcase to read the full text and ask questions with AI

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.