Permit to engage in property management: Persons eligible; requirements; instruction; expiration; renewal; regulations.
1. A person who is licensed pursuant to this chapter as a real estate broker, real estate broker-salesman or real estate salesman may apply to the Real Estate Division for a permit to engage in property management.
2. An applicant for a permit must:
(a) Furnish proof satisfactory to the Division that he has successfully completed at least 24 classroom hours of instruction in property management; and
(b) Comply with all other requirements established by the Commission for the issuance of a permit.
3. A permit expires, and may be renewed, at the same time as the license of the holder of the permit.
4. An applicant for the renewal of a permit must:
(a) Furnish proof satisfactory to the Division that he has successfully completed at least 3 of the hours of the continuing education required for the renewal of his license pursuant to NRS 645.575 in an approved educational course, seminar or conference concerning property management; and
(b) Comply with all other requirements established by the Commission for the renewal of a permit.
5. The Commission may adopt such regulations as it determines are necessary to carry out the provisions of this section. The regulations may, without limitation:
(a) Establish additional requirements for the issuance or renewal of a permit.
(b) Establish fees for the issuance and renewal of a permit and fees to pay the costs of:
(1) Any examination for a permit, including any costs which are necessary for the administration of such an examination.
(2) Any investigation of an applicant’s background.
(c) Set forth standards of education for the approval of a course of instruction to qualify an applicant for a permit.
Last modified: February 27, 2006