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 | Jul 8, 2017 | Current Issues Under Investigation by NRED, Nevada Real Estate Law
Some of the current issues under investigation by the Nevada Real state Division (“NRED”) include the following: 1) Licensees not submitting their mid-term education or submitting mid-term education late. 2) Brokers failing to submit their annual Trust...
by Steven Kitnick | Jul 3, 2017 | Nevada Real Estate Law, NRS 116 - CIC ("HOA")
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...
by Steven Kitnick | Jul 3, 2017 | Licensing, Nevada Real Estate Law
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...
by Steven Kitnick | Jul 3, 2017 | Licensing, Nevada Real Estate Law
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...