Linda holds a Nevada broker-salesperson license affiliated with Broker Chen. Without informing Broker Chen, Linda begins independently listing and selling properties under her own name, collecting commissions directly from clients, and advertising herself as an independent broker. Under Nevada law, which of the following best describes the consequences Linda may face?
Correct Answer
A) Linda may face disciplinary action by NRED, including possible license suspension or revocation, because broker-salespersons may not operate independently or collect commissions except through their supervising broker
Under NRS 645.230, NRS 645.310, and NRS 645.630, a broker-salesperson is prohibited from operating independently, advertising as an independent broker, or collecting commissions directly from clients outside of the supervising broker's structure. Linda's conduct constitutes multiple violations of NRS Chapter 645, including operating without proper supervision, unauthorized independent practice, and potentially misleading advertising. NRED has authority to impose disciplinary sanctions including suspension, revocation, and fines under NRS 645.630.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
- → A responsible broker in Wyoming asks about a first-time salesperson applicant prepares for Wyoming-specific licensing. Which answer follows Wyoming law?
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- → A responsible broker in Wyoming asks about the Commission director receives a complaint about real estate practice. Which answer follows Wyoming law?
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- → A Wyoming licensee is reviewing all first-time salesperson steps are otherwise complete. What is the best answer?
- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
- → Which Wyoming rule applies when a licensee does not timely submit the complete renewal application, proof of CE, and renewal fees?
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- → A Wyoming licensee is reviewing a first-time salesperson applicant asks which prelicense courses are required. What is the best answer?
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