NAC119A.250. Signing contracts; compliance with real estate laws; relationships between licensees.

     1. All contracts of sale must be signed either by the project broker or by his or her authorized broker-salesperson, salesperson or sales agent.

     2. Nothing in this chapter excuses a licensed real estate broker, broker-salesperson or salesperson from complying with chapter 645 of NRS and the regulations adopted pursuant thereto.

     3. A broker-salesperson, salesperson or sales agent shall not associate with or accept compensation from any person other than the project broker under whom he or she is licensed at the time.

     4. A person licensed as a real estate broker, broker-salesperson or salesperson under chapter 645 of NRS or a sales agent under chapter 119A of NRS may not register with the Division as a registered representative unless that license is placed on inactive status.

     (Added to NAC by Real Estate Div., eff. 12-3-84; A 2-28-90)