Nevada Administrative Code
Chapter 645 - Real Estate Brokers and Salespersons
STANDARDS OF PRACTICE
Section 645.657 - Payment of deposits
Universal Citation: NV Admin Code 645.657
Current through September 16, 2024
A licensee who receives a deposit on any transaction in which he or she is engaged on behalf of a broker or owner-developer shall pay over the deposit to that broker or owner-developer, or to the escrow business or company designated in the contract, within 1 business day after receiving a fully executed contract.
Added to NAC by Real Estate Comm'n, eff. 8-21-81; A 12-16-82; R031-04, 11-30-2004; R123-06, 6-1-2006
NRS 645.050, 645.190, 645.310
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