Section 119A.201 - Application for registration as time-share resale brokerIn addition to any other information and documents required to be provided by law, an applicant for registration as a time-share resale broker shall provide the following information and documents with the application for registration, on a form prescribed by the Division:
1. The date of application, the name of the applicant and, if different, the name on the applicant's license as a real estate broker issued pursuant to chapter 645 of NRS, the license number of such license, the home address, business address, electronic mail address, telephone number and facsimile number of the applicant and, if the applicant does business under an assumed or fictitious name pursuant to the provisions of chapter 602 of NRS, the assumed or fictitious name and each county in which such an assumed or fictitious name is registered.2. If the applicant has done business as a real estate broker under any assumed or fictitious name other than any assumed or fictitious name provided pursuant to subsection 1, any other such assumed or fictitious name and the counties and states in which each such name was registered.3. If the applicant is a corporation, partnership, limited-liability company or any other business entity, other than a publicly traded corporation: (a) The name and address of the entity and its state of formation; and(b) The name, address and principal occupation of each person owning or controlling an interest of 10 percent or more in the entity and the position held by each such person in the entity.4. If the applicant is a corporation, partnership, limited-liability company or any other business entity, a statement as to whether the entity is organized for the sole purpose of the resale of time shares.5. Information concerning any criminal conviction of, or plea of guilty or nolo contendere by, the applicant.6. If the applicant has filed a petition in bankruptcy or has been the object of an involuntary petition within the 7 years immediately preceding the date of the application, a copy of the disposition of any such petition.7. A brief history of the applicant's business experience and background regarding time-share plans, including, without limitation, all current and former job descriptions, job titles and employer information.8. A statement regarding whether the applicant intends to charge or collect an advance fee and, if so, a copy of a sample contract for an advance fee listing that the applicant intends to use.9. A copy of the state business license of the applicant, a copy of the business license for each county, city or other municipality in this State in which the applicant intends to conduct business, showing that the applicant is in good standing and such a license is in active status, and a copy of any filing for each county in which the applicant intends to conduct business under an assumed or fictitious name.10. A sample of the sales contract and all other documents that the applicant intends for a prospective purchaser to sign or initial.11. A sample of the following completed forms prescribed by the Division: (a) Form 524, Consent to Act;(b) Form 525, Duties Owed by a Nevada Real Estate Licensee; and(c) Form 533, Dual License Application for a Licensed Nevada Broker.Nev. Admin. Code § 119A.201
Added to NAC by Real Estate Div. by R130-16AP, eff. 8/30/2018