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...
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...
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...
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.
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 | Aug 7, 2017 | Business Broker, Licensing, Opening a Brokerage, Property Management
NO! According to colleague Forrest Barbee, “the broker may hire a qualified person who maintains an active property management permit to either act as broker of the property management activities or appoint a qualified person as the designated property manager...