Nev. Admin. Code § 645.640 - Disclosure of interest of licensee in certain transactions

1. A licensee shall not acquire, lease or dispose of any time share, real property or interest in any time share or real property for himself or herself, any member of his or her immediate family, his or her firm, or any member thereof, or any entity in which the licensee has an interest as owner unless the licensee first discloses in writing that:
(a) He or she is acquiring, leasing or disposing of the time share or property for himself or herself or for a member, firm, or entity with which the licensee has such a relationship; and
(b) He or she is a licensed real estate broker, licensed real estate broker-salesperson or licensed real estate salesperson, whether his or her license is active or inactive. This disclosure may be accomplished with a reference to himself or herself as an agent, licensee, salesperson, broker or broker-salesperson, whichever is appropriate.
2. If a licensee advertises any time share or real property or his or her wish to enter into a transaction which is subject to the provisions of subsection 1, the licensee shall include in the advertisement the disclosure required by that subsection.


Nev. Admin. Code § 645.640
Real Estate Adv. Comm'n, § VII subsec. 8, eff. 10-31-75-NAC A by Real Estate Comm'n, 12-16-82; 4-27-84; A by Real Estate Div., 11-30-87; A by Real Estate Comm'n by R186-99, 1-21-2000; R031-04, 11-30-2004

NRS 645.050, 645.190, 645.252

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