{"data":{"id":"us-nv/nrs-645.867","jurisdiction":"us-nv","citation":"NRS 645.867","heading":"Designated business brokers: Requirements; qualifications; duties.","body":"1. If a real estate broker does not hold a permit to engage in business as a business broker but intends to have the activities of a business broker conducted at an office, the real estate broker must:\n(a) Appoint a person, who has the qualifications required by this section, as the designated business broker for the office to supervise the activities of a business broker conducted at the office; and\n(b) Submit notice of the appointment to the Division.\n2. The designated business broker for an office must be a natural person who:\n(a) Holds a license as a real estate broker or real estate broker-salesperson;\n(b) Holds a permit to engage in business as a business broker; and\n(c) Has 2 years active experience, within the 4 years immediately preceding the date of the appointment, in conducting the activities of a business broker in the United States as a licensed real estate broker, real estate broker-salesperson or real estate salesperson.\n3. While acting as the designated business broker for an office, the person:\n(a) Must comply with all applicable provisions of this chapter; and\n(b) Is subject to all the remedies and penalties provided for in this chapter.","path":["TITLE 54 — PROFESSIONS, OCCUPATIONS AND BUSINESSES","CHAPTER 645 - REAL ESTATE BROKERS AND SALESPERSONS","BROKERAGE AGREEMENTS INVOLVING COMMERCIAL REAL ESTATE","General Provisions"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-645.html#NRS645Sec867","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:45Z","sha256":"223a02a985ee9883304ab7e3cd89962b26500b697554e59f7bef400ad562a144","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-645.865","next":"us-nv/nrs-645.8701"},"notice":"GroundRules: Original legal text. Not legal advice."}