1.  Every real estate broker shall have and maintain a definite place of business within the State, which must be a room or rooms used for the transaction of real estate business, or such business and any allied businesses, and which must serve as the office for the transaction of business under the authority of the license, and where the license must be prominently displayed.

Terms Used In Nevada Revised Statutes 645.550

  • county: includes Carson City. See Nevada Revised Statutes 0.033
  • 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.  The place of business must be specified in the application for license and designated in the license.

3.  No license authorizes the licensee to transact business from any office other than that designated in the license.

4.  Each city, town or county may require a license for revenue purposes for a licensed real estate broker or owner-developer who maintains an office within the city or town, or within the county outside the cities and towns of the county, respectively.

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