STEVE'S BLOG
Can I Still Renew My License Even If Some of My CE Classes Are Not Showing Up on the NRED’s “My Account”?
Yes! According to the education dept. of the NRED, as long as you have your certificate(s) you can renew. The NRED does not rely upon "My Account" in determining whether you've met your educational requirements.
New State Law Catches Up to Real Estate Practice – Delivery of Cancellation Upon Review of Resale Docs
SB255 amended NRS 116.4109 and now allows for the rescission ("cancellation") of a real estate contract via electronic means after the Common-Interest Community ("CIC") aka, "HOA" resale package has been reviewed by a Buyer. Most agents have always used electronic...
I Didn’t Take My Postlicensing Modules & My Licensing is Expiring.
According to the NRED licensing dept., "we advise licensees to renew inactive and submit Form 580 and pay the renewal fee. No education is required to renew a license in inactive status." You mentioned your license was expiring June 30th, so you should renew inactive...
Can an Owner of a Real Estate Co. Provide the Required Financial Statement On Behalf of the Broker?
Oftentimes, the broker of a real estate company is not the owner. Nevertheless, the broker must show financial responsibility in order to be licensed as the company's broker. In some cases, a prospective broker is unable to meet the NRED's broker licensing financial...
Can a Corporate Broker of One Company be a Broker Salesman at Another Company?
No. According to the NRED, a broker cannot be active as a corporate broker for one company and be issued a broker salesperson license for another company. They must resign as the corporate broker and submit Form 504 with Section 3 completed for a status change from...
Can a Broker be a Corporate Broker for Two Companies?
No. According to the licensing dept. at the NRED, a corporate broker can only be active for ONE corporation or LLC at a time. However, that being said, there are circumstances when a broker licensee may hold dual licenses (this information can found on page 2 of...