by Steven Kitnick | Feb 11, 2018 | Avoiding Contract Disputes, Contract Clauses, Contracts, Residential Purchase Agreement
A primary responsibility of a real estate licensee is to prepare a Residential Purchase Agreement (“RPA”) that reflects “a meeting of the minds.” In today’s vernacular that means having everyone “on the same page.” The listing agent sets the ball in motion at the...
by Steven Kitnick | Dec 2, 2017 | Broker Management, Nevada Real Estate Law, Opening a Brokerage, Real Estate Office Management, Risk Management
I was recently asked whether I was aware of any legal authority that required a real estate broker to have a “hard copy” of NRS 645 and/or NAC 645, along with any other pertinent and relevant NRS / NAC chapters in their real estate office. I contacted Mr....
by Steven Kitnick | Sep 23, 2017 | Lead Generation, Nevada Real Estate Law, Real Estate Office Management
According to Nevada Real Estate Division Chief Compliance/Audit Investigator Jan Holle, “As long as payment is not contingent on the referral closing a transaction, then it would be okay. Agents pay for leads all the time… Zillow, etc.” Note: Paying...
by Steven Kitnick | Aug 31, 2017 | Duties Owed, Property Management, Real Estate Office Management, Uncategorized
Old habits are hard to break. Education may help. Let’s examine the issue. Some property managers continue to do things the same old way. Uninformed property managers are still requesting and requiring a licensee, who is simply acting as a referring agent, to...
by Steven Kitnick | Aug 9, 2017 | Licensing, Nevada Real Estate Law, Opening a Brokerage, Real Estate Office Management
NRS 645.530(2)(a) states that “each real estate broker shall display his or her license conspicuously [my bold & italics] in the broker’s place of business.” NRS 645.530(2)(b) states that “each broker shall prominently [my bold & italics]...
