2019 Nevada Revised Statutes
Chapter 119A - Time Shares
NRS 119A.237 - Provisional sales agents: Restrictions; duties of project broker or supervising licensee; commissions.
1. A provisional licensee shall not:
(a) Conduct sales-related activities unless the provisional licensee is:
(1) Under the supervision of:
(I) His or her project broker; or
(II) A person licensed pursuant to chapter 645 of NRS.
(2) At the principal place of business or a branch office of the project broker or person licensed pursuant to chapter 645 of NRS or at the physical location of a time-share development.
(b) Collect personal information from a prospective purchaser or purchaser of a time share.
2. A project broker or person licensed pursuant to chapter 645 of NRS shall not grant to a provisional licensee:
(a) Access to a time-share lockbox; or
(b) The ability to enter a private residence or a time-share unit that an unlicensed person otherwise would not have.
3. A project broker or a person licensed pursuant to chapter 645 of NRS shall:
(a) Supervise the provisional licensee; and
(b) Review and approve in writing any contract prepared by the provisional licensee that relates to the sale of a time share.
4. A provisional licensee may receive a commission for the sale of a time share in which the provisional licensee is involved.
5. As used in this section:
(a) “Personal information” has the meaning ascribed to it in NRS 603A.040.
(b) “Provisional licensee” means an applicant who receives a provisional sales agent’s license from the Division pursuant to NRS 119A.233.
(Added to NRS by 2007, 807; A 2013, 1583)
