Section 119A.083 - Provisional licensee: Restrictions; supervision; commissions1. A provisional licensee shall not: (a) Conduct sales-related activities unless he or she 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 NAC 119A.081.Nev. Admin. Code § 119A.083
Added to NAC by Real Estate Div. by R153-06, eff. 3-23-2007; A by R130-16A, eff. 11/13/2017; A by R130-16AP, eff. 8/30/2018