Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 119A.237 - Provisional sales agents: Restrictions; duties of project broker or supervising licensee; commissions1. A provisional licensee shall not:(a) Conduct sales-related activities unless the provisional licensee is: (1) Under the supervision of: (I) His or her project broker; or (II) A person licensed pursuant to chapter 645 of NRS.(2) At the principal place of business or a branch office of the project broker or person licensed pursuant to chapter 645 of NRS or at the physical location of a time-share development.(b) Collect personal information from a prospective purchaser or purchaser of a time share.2. A project broker or person licensed pursuant to chapter 645 of NRS shall not grant to a provisional licensee: (a) Access to a time-share lockbox; or(b) The ability to enter a private residence or a time-share unit that an unlicensed person otherwise would not have.3. A project broker or a person licensed pursuant to chapter 645 of NRS shall: (a) Supervise the provisional licensee; and(b) Review and approve in writing any contract prepared by the provisional licensee that relates to the sale of a time share.4. A provisional licensee may receive a commission for the sale of a time share in which the provisional licensee is involved.5. As used in this section: (a) "Personal information" has the meaning ascribed to it in NRS 603A.040. (b) "Provisional licensee" means an applicant who receives a provisional sales agent's license from the Division pursuant to NRS 119A.233.Added to NRS by 2007, 807; A 2013, 1583Amended by 2013, Ch. 334,§15, eff. 10/1/2013.Added to NRS by 2007, 807