Nevada Revised Statutes 645.287 – Owner-developers: Regulations concerning qualifications; principal place of business and records
Current as of: 2022 | Check for updates
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1. Regulations adopted by the Real Estate Commission shall not establish any educational qualification or require any examination of an owner-developer, but shall provide appropriate standards of good moral character and financial stability.
Terms Used In Nevada Revised Statutes 645.287
- Commission: means the Real Estate Commission. See Nevada Revised Statutes 645.010
- owner-developer: means a person who owns five or more lots within a recorded subdivision, shown on an approved parcel map, or the parceling of which has been approved by the county, on each of which there is a single-family residence not previously sold. See Nevada Revised Statutes 645.018
- real estate: means every interest or estate in real property including but not limited to freeholds, leaseholds and interests in condominiums, town houses or planned unit developments, whether corporeal or incorporeal, and whether the real property is situated in this State or elsewhere. See Nevada Revised Statutes 645.020
2. Each owner-developer shall maintain a principal place of business and keep there the records concerning salespersons employed by the owner-developer.