Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 645.283 - Owner-developers: Employment of licensed salespersons; association with qualified sales manager; registration1. Except as otherwise provided in subsection 2, an owner-developer who is registered with the Real Estate Division may employ one or more licensed real estate salespersons to sell any single-family residence, owned by the owner-developer and not previously sold, which is within the area covered by his or her current registration.2. An owner-developer may not employ a licensed real estate salesperson pursuant to subsection 1 unless a licensed real estate broker-salesperson who is qualified pursuant to NRS 645.289 is associated with the owner-developer as a sales manager to oversee the activities of the real estate salesperson.3. The area covered by an owner-developer's registration may be enlarged from time to time upon application and payment of the required fee.4. Registration may be kept in force by annual renewal.Added to NRS by 1975, 1639; A 2005, 1287Added to NRS by 1975, 1639; A 2005, 1287