Broker who provides asset management services to client required to provide Real Estate Division with certain information annually; disciplinary action by Division.
Nev. Rev. Stat. § 645.256
in effect1. A broker who enters into an agreement to provide asset management services to a client shall:
(a) Disclose annually to the Division any such agreements to provide asset management services to a client; and
(b) Provide proof satisfactory to the Division on an annual basis that the broker has complied with the requirements of NRS 645H.490 .
2. In addition to any other remedy or penalty, the Division may take administrative action, including, without limitation, the suspension of a license or permit or the imposition of an administrative fine, against a broker who fails to comply with this section.
3. As used in this section:
(a) Asset management has the meaning ascribed to it in NRS 645H.030 .
(b) Client has the meaning ascribed to it in NRS 645H.060 .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-645.htmlFetched: 10/4/2026