NAC645.760. Records of sales; limitation on sales.

     1. All records pertaining to the sale of any single-family residence in the subdivision of a registered owner-developer must be maintained at his or her principal place of business and be available for inspection by the Division. Upon request, the owner-developer shall send copies of those records to the appropriate office of the Division.

     2. The owner-developer may not sell any lot in his or her subdivision pursuant to this chapter unless:

     (a) The lot contains a single-family residence not previously sold; or

     (b) A single-family residence is to be constructed upon the lot, and the residence is purchased under the same agreement as the sale of the land.

     [Real Estate Adv. Comm’n, § XVI subsecs. n, q & s, eff. 10-31-75; § XVI subsecs. r & s, eff. 12-20-75]—(NAC A by Real Estate Comm’n, 8-21-81; 12-16-82)