Nevada Administrative Code
Chapter 645 - Real Estate Brokers and Salespersons
REGULATION OF OWNER-DEVELOPERS
Section 645.710 - Application for registration

Universal Citation: NV Admin Code 645.710

Current through September 16, 2024

1. An application for an original registration as an owner-developer must be completed by the owner-developer, unless the applicant is a partnership or corporation, and in that case the application must be completed by a partner or the principal officer. The application must be filed with an office of the Division and must be accompanied by fingerprint cards. The applicant's fingerprints must be taken by a regular law enforcement agency or other authorized entity acceptable to the Division. If a search of criminal records has been requested by the Division, an application for registration is not complete until the Division has received the appropriate information.

2. The applicant must provide in the application:

(a) A statement of the applicant's arrests and convictions, if any, and any proceedings against him or her brought by governmental agencies;

(b) A brief history of his or her business;

(c) The legal description of the property to be covered by the registration, as shown on a recorded map, which shows all the certificates of approval required by law;

(d) The location of each of his or her sales offices;

(e) A statement which shows his or her financial condition; and

(f) A history of his or her bankruptcies, if any.

3. The application must be accompanied by:

(a) The applicant's sworn verification of the truthfulness of the matters stated in the application and its attachments; and

(b) A statement that the applicant understands the responsibilities of an owner-developer pursuant to this chapter and chapter 645 of NRS and that he or she could be subject to disciplinary action pursuant to this chapter and chapter 645 of NRS.

4. The fee for the original registration must accompany the application and is not refundable after the owner-developer has been registered.

5. If the applicant is a partnership or corporation, it must file with the Division a certified or verified copy of the partnership agreement or articles of incorporation.

6. The application must be submitted with a copy of:

(a) The applicant's notice of exemption under subsection 5 of NRS 119.120;

(b) The applicant's business license, if one is required by the local government;

(c) If the applicant is a partnership or corporation, the provisions authorizing it to employ salespersons to sell the lots and residences; and

(d) The applicant's certificate of fictitious name, if such a certificate has been filed.

7. An application by a registered owner-developer to enlarge the geographical area covered by his or her registration must be made on a form prepared by the Division. The applicant must provide the Division with the same information as is required for an original application, and the application must be accompanied by the appropriate fee.

Real Estate Adv. Comm'n, § XVI subsec. 1, eff. 10-31-75; A 2-20-76-NAC A by Real Estate Comm'n, 8-21-81; 12-16-82; 6-3-86; R031-04, 11-30-2004

NRS 645.190, 645.285, 645.287

Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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