NAC119.510. Standards for promotional meetings.

Promotional meetings must conform to the following standards:

     1. All advertising in promotional meetings is subject to the standards of advertising set forth in these regulations;

     2. No use may be made of shills or false or dummy buyers in promotional meetings to initiate sales or for any other purpose;

     3. Oral statements made to prospective purchasers at promotional meetings must be completely consistent with written advertising or other material filed with and approved by the Division;

     4. Any prospective purchaser who expresses a desire to leave a promotional meeting at any time during or after the sales presentation may not be impeded in any manner from departing or coerced or pressured to remain;

     5. Investigators and other employees of the Division may attend any promotional meeting;

     6. Excessively loud music must not be played during promotional meetings and division employees who are present at the meeting may request that music be turned down or off;

     7. After the original salesperson makes initial contact with a prospective purchaser, the developer or broker may allow only one additional salesperson to take over and attempt a sale, except a speaker making a speech from a podium;

     8. A division employee who is present at a sales presentation may not be identified, singled out or asked questions in such a way that potential purchasers might hear the question or the employee’s remarks; and

     9. If a broker or developer at any time before, during or after a promotional meeting uses any electronic surveillance, recording, eavesdropping or listening device, its use must be disclosed orally at the beginning of the meeting and also by means of a sign or placard prominently displayed in the meeting room, fully disclosing the use of the devices in the meeting.

     [Dep’t of Commerce, Real Estate Div., § 56, eff. 7-16-80]