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Nevada Revised Statutes Title 10. Property Rights and Transactions § 119A.237. Provisional sales agents: Restrictions; duties of project broker or supervising licensee; commissions

Current as of January 01, 2025 | Updated by Findlaw Staff

1. A provisional licensee shall not:

(a) Conduct sales-related activities unless the provisional licensee is:

(1) Under the supervision of:

(I) His or her project broker; or

(II) A person licensed pursuant to chapter 645 of NRS.

(2) At the principal place of business or a branch office of the project broker or person licensed pursuant to chapter 645 of NRS or at the physical location of a time-share development.

(b) Collect personal information from a prospective purchaser or purchaser of a time share.

2. A project broker or person licensed pursuant to chapter 645 of NRS shall not grant to a provisional licensee:

(a) Access to a time-share lockbox; or

(b) The ability to enter a private residence or a time-share unit that an unlicensed person otherwise would not have.

3. A project broker or a person licensed pursuant to chapter 645 of NRS shall:

(a) Supervise the provisional licensee; and

(b) Review and approve in writing any contract prepared by the provisional licensee that relates to the sale of a time share.

4. A provisional licensee may receive a commission for the sale of a time share in which the provisional licensee is involved.

5. As used in this section:

(a) “Personal information” has the meaning ascribed to it in NRS 603A.040.

(b) “Provisional licensee” means an applicant who receives a provisional sales agent's license from the Division pursuant to NRS 119A.233.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 10. Property Rights and Transactions § 119A.237. Provisional sales agents: Restrictions; duties of project broker or supervising licensee; commissions - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-10-property-rights-and-transactions/nv-rev-st-119a-237/

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