NRS 119A.260 Representatives: Prohibited acts; compliance with standards applied to real estate brokers and salespersons.
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NRS 119A.260 Representatives: Prohibited acts; compliance with standards applied to real estate brokers and salespersons.
1. A representative shall not negotiate the sale of, or discuss prices of, a time share. A representative may only induce and solicit persons to attend promotional meetings for the sale of time shares and distribute information on behalf of a developer.
2. The representative’s activities must strictly conform to the methods for the procurement of prospective purchasers which have been approved by the Division.
3. The representative shall comply with any applicable standards for conducting business as are applied to real estate brokers and salespersons pursuant to chapter 645 of NRS and the regulations adopted pursuant thereto.
4. A representative shall not make targeted solicitations of purchasers or prospective purchasers of time shares in another project with which the representative is not associated. A developer or project broker shall not pay or offer to pay a representative a bonus or other type of special compensation to engage in such activity.