645.283  Owner-developers: Employment of licensed salespersons; association with qualified sales manager; registration.

1.  Except as otherwise provided in subsection 2, an owner-developer who is registered with the Real Estate Division may employ one or more licensed real estate salespersons to sell any single-family residence, owned by the owner-developer and not previously sold, which is within the area covered by his or her current registration.

2.  An owner-developer may not employ a licensed real estate salesperson pursuant to subsection 1 unless a licensed real estate broker-salesperson who is qualified pursuant to NRS 645.289 is associated with the owner-developer as a sales manager to oversee the activities of the real estate salesperson.

3.  The area covered by an owner-developer’s registration may be enlarged from time to time upon application and payment of the required fee.

4.  Registration may be kept in force by annual renewal.

(Added to NRS by 1975, 1639; A 2005, 1287)