Steven Kitnick | NevadaCE.com

Is a broker required to submit an annual Nevada Real Estate Division Form 546A even if the broker does not provide property management services AND does not maintain a property management permit?

by Steven Kitnick | Jul 4, 2019 | audits & inspections, Broker Management, Current Issues Under Investigation by NRED, Forms, Nevada Real Estate Division, Nevada Real Estate Law, Opening a Brokerage, Property Management, Real Estate Office Management, Trust Fund Accouting & Record Keeping for Nevada Brokers, trust funds

According to Jan Holle, Chief Compliance/Audit Investigator for the Nevada Real Estate Division, “Yes. Every broker has to fill out either Form 546 or 546A. Technically, neither form has anything to do with property management or whether a broker has a permit or...

I’m a Nevada real estate salesperson. Does the Nevada Real Estate Division require me to maintain any real estate transaction documents or is that solely the responsibility of the broker?

by Steven Kitnick | Jul 4, 2019 | audits & inspections, Broker Management, Nevada Real Estate Law, Opening a Brokerage, Real Estate Office Management, time requirements for record keeping, transaction files, Trust Fund Accouting & Record Keeping for Nevada Brokers

According to Jan Holle, Chief Compliance/Audit Investigator for the Nevada Real Estate Division, salespeople and broker salespeople are required to submit transaction documents within the required time frame to their broker that will ultimately make up the...

Which documents does the Nevada Real Estate Division require a broker to maintain in every residential transaction files?

by Steven Kitnick | Jul 4, 2019 | audits & inspections, Broker Management, Nevada Real Estate Law, Opening a Brokerage, Real Estate Office Management, time requirements for record keeping, transaction files, Trust Fund Accouting & Record Keeping for Nevada Brokers

You’ll find your answer on page 20 of 54 in the reference manual published by the Education Section of the Nevada Real Estate Division. Click on: TRUST FUND ACCOUNTING AND RECORD KEEPING FOR NEVADA BROKERS.

Avoiding Fixtures & Personal Property Disputes

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...

Is a Broker Required to Have a “hard copy” of NRS 645 & NAC 645 in their Office?

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....