NRS119A.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)