NAC645.175. Licensing of branch offices.

Latest version.

     1. The real estate broker to whom the license is issued is responsible for all branch offices operated by the real estate broker.

     2. A license for a branch office may only be issued in the name in which the real estate broker is licensed to conduct business at his or her main office.

     3. A supervisor of a branch office may not manage more than one branch office.

     4. A branch office is not required to establish a trust account, but if one is established, one of the signatures required on the account must be that of the supervisor of the branch office.

[Real Estate Adv. Comm’n, § VI subsecs. 9-12 & 14, eff. 12-20-75]—(NAC A by Real Estate Comm’n by R111-01, 12-17-2001)

                    
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