Section 119A.245 - Project brokersA project broker shall:
1. Obtain from each purchaser of a time share, on a form prescribed by the Division, a receipt for a copy of the public offering statement signed by the purchaser and selling agent;2. Provide the purchaser with a copy of the receipt in paper format;3. Keep the receipt with a copy of any contract of sale or other sales agreement and other material in the files at his or her principal place of business; and4. Review with his or her salespersons, sales agents and registered representatives the contents of this chapter and chapter 119A of NRS and exercise strict supervision over their activities and over the operation of his or her business.Nev. Admin. Code § 119A.245
Added to NAC by Real Estate Div., eff. 12-3-84; A 5-2-86; A by R130-16A, eff. 11/13/2017; A by R130-16AP, eff. 8/30/2018