Real Estate Division FAQ re: CE class extension, license renewal extension, new license applications, transferring brokerages, etc.

 I have been receiving numerous emails, texts, and phone calls regarding the recent Nevada Real Estate Division announcements. Here’s some answers to your questions. 1. Licensees renewing in March and April must still pay their renewal fees online in the month...
Can I be paid my commission from my previous broker after I move to a new broker?

Can I be paid my commission from my previous broker after I move to a new broker?

I asked Chief Compliance/Audit Investigator at the Nevada Real Estate Division Jan Holle to offer his opinion on whether a licensee may be paid commission owed to them by either their previous broker or their new broker. I also asked him to comment on brokers who have...

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?

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?

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?

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.