Property Management
A Nevada property management company wants to use an unlicensed assistant to show rental properties to prospective tenants. Is this permitted under NRS 645?
AYes, showing rentals is a ministerial act not requiring a license
BNo — showing rental properties to prospective tenants is a licensed activity in Nevada; unlicensed persons may not perform this function✓ Correct
CYes, as long as the assistant does not collect applications
DOnly if the assistant is related to the property owner
Explanation
Under NRS 645, showing rental properties to prospective tenants is considered a licensed activity in Nevada because it involves soliciting and negotiating rental agreements. Unlicensed persons may perform purely ministerial tasks (delivering keys, accepting rent payments from established tenants, maintenance coordination) but cannot show properties, negotiate lease terms, or discuss rental conditions with prospects.
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Key Terms to Know
Purchase Agreement
A legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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