Can a Nevada Real Estate Licensee Be Paid Their Commission Directly From Escrow?

by Steven Kitnick | Dec 26, 2020 | Broker Management, Nevada Real Estate Division, NRS 645

Let’s examine NRS 645.280(2)  “A real estate broker-salesperson or salesperson shall not be associated with or accept compensation from any person other than the broker or owner-developer under whom he or she is licensed at the time of the real estate...

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

by Steven Kitnick | Mar 25, 2020 | Broker Management, Continuing Education, COVID-19, education requirements, license renewal, Licensing, Nevada Real Estate Division, Real Estate Office Management, Risk Management

 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?

by Steven Kitnick | Mar 5, 2020 | Broker Management, Nevada Real Estate Division, Nevada Real Estate Law, Opening a Brokerage, Real Estate Office Management

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?

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.