{"data":{"id":"us-nv/nrs-645.865","jurisdiction":"us-nv","citation":"NRS 645.865","heading":"Permit to engage in business as business broker: Requirements for certain organizations.","body":"1. To engage in business as a business broker in this State:\n(a) A partnership shall designate one of its members;\n(b) A corporation shall designate one of its officers or employees;\n(c) A limited-liability company shall designate its manager; and\n(d) A real estate broker who conducts business as a sole proprietor shall designate himself or herself or a person who is licensed under the real estate broker,\nÊ to submit an application for a permit pursuant to NRS 645.863. The partnership, corporation, limited-liability company or sole proprietor shall not engage in business as a business broker unless the person so designated has been issued such a permit.\n2. If the person designated to apply for a permit meets the qualifications for a permit set forth in NRS 645.863, the Real Estate Division shall issue to that person a permit to engage in business as a business broker on behalf of the partnership, corporation, limited-liability company or sole proprietor.\n3. A person to whom such a permit has been issued may act as a business broker pursuant to the permit only on behalf of the partnership, corporation, limited-liability company or sole proprietor, and not on his or her own behalf. If that person ceases to be connected or associated with the partnership, corporation, limited-liability company or sole proprietor, the partnership, corporation, limited-liability company or sole proprietor shall designate another person who meets the qualifications for a permit set forth in NRS 645.863 to hold the permit on behalf of the partnership, corporation, limited-liability company or sole proprietor.\n4. Any member, officer or employee of a partnership, corporation, limited-liability company or sole proprietor, other than the person designated as the business broker pursuant to subsection 1, who wishes to engage in business as a business broker must apply in his or her own name for a permit. Pursuant to such a permit, the member, officer or employee of a partnership, corporation, limited-liability company or sole proprietor may act as a business broker only as an officer, agent or employee of the partnership, corporation, limited-liability company or sole proprietor, and not on his or her own behalf.","path":["TITLE 54 — PROFESSIONS, OCCUPATIONS AND BUSINESSES","CHAPTER 645 - REAL ESTATE BROKERS AND SALESPERSONS","BUSINESS BROKERS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-645.html#NRS645Sec865","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:45Z","sha256":"84a83addfab23560df98c017f0ebbc6dfd101de904c6dd456d67f0c606798811","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-645.863","next":"us-nv/nrs-645.867"},"notice":"GroundRules: Original legal text. Not legal advice."}