Nevada Administrative Code
Chapter 645H - Asset Management Companies and Asset Managers
STANDARDS OF PRACTICE
Standards of Conduct
Section 645H.410 - Prohibited acts
Universal Citation: NV Admin Code 645H.410
Current through December 31, 2024
An asset manager shall not, while engaging in asset management:
1. Offer to perform or perform any act or service that is unlawful.
2. Offer warranties or guaranties of any kind.
3. Offer to perform or perform any job function for which he or she does not have a license, including, without limitation:
(a) Any service for which a license is required pursuant to chapter 624 of NRS;
(b) Inspecting for or determining the presence or absence of any suspected adverse environmental condition or hazardous substance, including, without limitation, toxins, molds and other fungi, carcinogens, radon, noise or contaminants;
(c) Determining the effectiveness of any system installed to control or remove suspected hazardous substances; and
(d) Predicting the future condition of any system or component, including, without limitation, the failure of a component.
4. Accept compensation, financial or otherwise, from more than one interested party for the same service on the same real property.
Added to NAC by Real Estate Div. by R147-12, eff. 6-3-2013
NRS 645H.290
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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