Nevada License Law
What is the Nevada requirement for a 'team name' used by a group of licensees?
ATeam names have no regulatory requirements in Nevada
BTeam names must be registered with NRED, must include the word 'team' or 'group,' and cannot be misleading or imply independent brokerage status✓ Correct
CTeam names must be approved by the National Association of REALTORS®
DTeams can advertise under any name without restrictions
Explanation
Nevada regulations require real estate teams to register their team name with NRED. Team names must include a descriptor like 'team' or 'group' to indicate they are not independent brokerages.
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Key Terms to Know
Debt-to-Income Ratio (DTI)
A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
Fair Housing ActFederal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
State-Specific Concepts
License Law
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