NAC119A.375. Evidence of 14 hours of required instruction.

The Administrator will accept as satisfactory evidence of the 14 hours of instruction required by paragraph (a) of subsection 1 of NRS 119A.210, the submission by the applicant of a certificate issued by a qualified instructor evidencing that the applicant has:

     1. Attended 8 hours of instruction in the principles and practices of selling time shares which must:

     (a) Include elements and types of time shares, the respective roles of the developer, owner, project broker, agent and representatives and the forms of contractual agreement and other documents related to the sale of time shares; and

     (b) Not include specific office-related, project-oriented training or policies, any meeting for the promotion of sales or any activity held as part of the actual sale or promotion of business, or the development of personal motivation, the psychology of sales or techniques for making sales;

     2. Attended 6 hours of instruction in professional ethics and the applicable laws and regulations relating to time shares which must include coverage of chapter 119A of NRS and the regulations adopted pursuant thereto and the Federal Trade Commission Act, 15 U.S.C. §§ 41 to 58, inclusive; and

     3. Passed the final examination with a grade of 75 percent or higher.

     (Added to NAC by Real Estate Div., eff. 12-3-84)