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Current as of January 01, 2025 | Updated by Findlaw Staff
1. If a real estate broker does not hold a permit to engage in property management but intends to have property management activities conducted at an office, the real estate broker must:
(a) Appoint a person, who has the qualifications required by this section, as the designated property manager for the office to supervise the property management activities conducted at the office; and
(b) Submit notice of the appointment to the Division.
2. The designated property manager for an office must be a natural person who:
(a) Holds a license as a real estate broker or real estate broker-salesperson;
(b) Holds a permit to engage in property management; and
(c) Has 2 years active experience, within the 4 years immediately preceding the date of the appointment, in conducting property management activities in the United States as a licensed real estate broker, real estate broker-salesperson or real estate salesperson.
3. While acting as the designated property manager for an office, the person:
(a) Must comply with the provisions of NRS 645.6052 to 645.6058, inclusive, and all other applicable provisions of this chapter; and
(b) Is subject to all the remedies and penalties provided for in this chapter.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 54. Professions, Occupations and Businesses § 645.6055. Designated property managers: Requirements; qualifications; duties - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-54-professions-occupations-and-businesses/nv-rev-st-645-6055/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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