1.  The Division shall issue to each licensee a license in such form and size as is prescribed by the Division.

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Terms Used In Nevada Revised Statutes 645.520

  • owner-developer: means a person who owns five or more lots within a recorded subdivision, shown on an approved parcel map, or the parceling of which has been approved by the county, on each of which there is a single-family residence not previously sold. See Nevada Revised Statutes 645.018
  • real estate: means every interest or estate in real property including but not limited to freeholds, leaseholds and interests in condominiums, town houses or planned unit developments, whether corporeal or incorporeal, and whether the real property is situated in this State or elsewhere. See Nevada Revised Statutes 645.020

2.  Each license must:

(a) Show the name and address of the licensee, and in case of a real estate broker-salesperson’s or salesperson’s license show the name of the real estate broker with whom he or she will be associated.

(b) Have imprinted thereon the seal of the Division.

(c) Contain any additional matter prescribed by the Division.

3.  No real estate broker-salesperson or salesperson may be associated with or employed by more than one broker or owner-developer at the same time.