Nev. Admin. Code § 645.180

Current through November 8, 2024

Section 645.180 - Cooperative certificate: Application

1. A real estate broker who is licensed in another state and wishes to work in cooperation with a Nevada real estate broker must apply to do so on a form provided by the Division. The application must be accompanied by:

(a) A copy of his or her current license issued in the other state;

(b) A history of his or her employment for the past 10 years;

(c) Information identifying him or her and the Nevada broker with whom the applicant wishes to cooperate;

(d) Information identifying the client whom the applicant will be representing;

(e) Information identifying the real property which will be the subject of the transaction conducted under the cooperative certificate;

(f) A history of any disciplinary, criminal or other legal proceeding involving the real estate salesperson or broker-salesperson who will be working for the applicant under the cooperative certificate;

(g) A list of other cooperative agreements currently in effect with the Nevada broker;

(h) A photograph of the applicant;

(i) A copy of the license of the real estate salesperson or broker-salesperson who will be working for the applicant; and

(j) A statement of consent by the Nevada broker to the cooperative agreement.

2. The Nevada broker and out-of-state broker must verify the truth of the contents of the application.

3. The application must be completed personally by the out-of-state broker, and no licensed Nevada broker or employee of the Division may assist in the preparation of any part of the application.

4. The required fee must be paid at the time of filing. If the Administrator does not issue the certificate as applied for, the fee will not be refunded.

5. The applicant must furnish proof satisfactory to the Administrator that:

(a) The applicant has a current active real estate broker's license or certificate issued by another state or territory of the United States or the District of Columbia;

(b) The jurisdiction which issued the license or certificate is the jurisdiction in which his or her principal place of business is located; and

(c) The applicant is in good standing with the authority which issued the license or certificate.

6. A person who resides in this State and holds a real estate license issued by another state is not eligible to hold a cooperative certificate or act on behalf of a holder of a certificate.

7. The Administrator may require proof of the applicant's moral character. In determining that character, the Administrator may consider:

(a) The results of the Division's investigation of matters stated in the application and other matters that have come to the attention of the Division as a result of the investigation;

(b) Any history of arrest and conviction of the applicant;

(c) The nature and history of the business of the applicant; and

(d) Any past failure of the applicant to comply with:

(1) Any requirement of chapter 113, 116, 119, 119A, 645, 645A, 645C or 645D of NRS or any other specific statute that is applicable to real estate transactions;

(2) Any similar statutory or regulatory requirement of another jurisdiction that is applicable to real estate transactions; or

(3) Any order imposing penalties that was issued by the licensing authority of another jurisdiction and was in effect at the time the applicant applied for the cooperative certificate.

Nev. Admin. Code § 645.180

Real Estate Adv. Comm'n, § XI, eff. 10-31-75-NAC A by Real Estate Comm'n, 8-21-81; 12-16-82; 4-27-84; R111-01, 12-17-2001; R031-04, 11-30-2004; A by R097-14, eff. 4/4/2016

NRS 645.190, 645.605