NAC489.320. Licensing of employees: Requirements; license status; surrender of license to Division; administrative penalties.

     1. Any person employed by a dealer to act or exercise authority in connection with the dealer’s business must be licensed as a salesperson to:

     (a) List manufactured homes, mobile homes or commercial coaches for sale.

     (b) Close the sale of a manufactured home, mobile home or commercial coach, including the signing of the sales contract.

     2. A licensee may not employ a person who is required to be licensed under chapter 489 of NRS unless that person is so licensed.

     3. If a manufactured home or commercial coach dealer fails to maintain or renew his or her license, the licenses of all salespersons whom he or she employs will be placed on inactive status immediately until the dealer reinstates or renews his or her license or an application for transferring the salesperson’s license is made and the required fees are paid.

     4. If the license of a manufactured home or commercial coach dealer is not renewed, or is suspended or revoked, the licensee shall deliver immediately to the Division all of the licenses issued to his or her salespersons. In such a case, a salesperson may, by applying and paying the required fee, transfer to the employment of another dealer.

     5. A manufactured home or commercial coach dealer shall notify the Division within 5 business days after the date of the termination or separation of employment of an employee and surrender all licenses of the employee to the Division. Failure to comply with this subsection may result in disciplinary action and the imposition of an administrative fine pursuant to NRS 489.381.

     [Mfd. Housing Div. Mobile Homes Reg. § 300 subsecs. 7, 8 & 12-14, eff. 12-20-79]—(NAC A 8-23-95; 11-12-97; R192-05, 9-18-2006; R126-08, 12-17-2008)