Nevada License Law
What is the Nevada requirement for a property management company wishing to manage residential properties for others?
AOnly a business license from the state is required
BThe company must operate under a Nevada real estate broker and the designated property manager must hold a broker's or broker-salesperson's license✓ Correct
CA separate property management license from NRED
DNo license is required if the company manages fewer than 10 properties
Explanation
In Nevada, property management for others requires a real estate license. The firm must be operated by a licensed real estate broker, and property managers must hold a broker's, broker-salesperson's, or salesperson's license under the supervising broker.
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