NAC645.807. Trust accounts: Execution of checks by certain broker-salespersons.

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A real estate broker-salesperson who holds a permit to engage in property management may sign checks on a trust account without the signature of the real estate broker who employs him or her if the broker-salesperson has obtained the written permission of the broker authorizing him or her to do so. A signature applied by use of a rubber stamp does not constitute the signature of a real estate broker-salesperson for the purposes of this section.

(Added to NAC by Real Estate Comm’n by R059-98, eff. 7-1-98; A by R031-04, 11-30-2004)

                    
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