Nac file

Information concerning the ownership of the school, including the business organization and the names and addresses of all directors, principals, officers and others having interests as owners;. A list of the instructors, including, without limitation, any guest lecturers;.

A list of the courses to be offered and the title, objectives and topical syllabus for each course;. A proposed schedule of each course for 1 year that includes, without limitation, the dates, times and locations of each class;. An explanation for how each course meets the educational requirements for original licensing;.

If a course is a distance education course, any information required by the Commission to determine whether the course satisfies the requirements of NAC The titles, authors, publishers, dates of publication and editions of all required textbooks;.

A copy of any manual, handout or other course material to be used by the instructor or students;. A copy of each examination to be used and the correct answer for each question;.

A statement as to whether the school or any instructor employed by the school has been disciplined by any governmental agency in this or any other state; and. A statement of the requirement that to pass a course, a student must earn at least 75 percent of the points possible for the entire course.

Within 15 days after the occurrence of any material change in the information provided by the school in its application pursuant to NAC To qualify for annual renewal of approval by the Commission, a school must submit to the Commission before July The Commission may deny renewal of approval to any school that does not meet the standards required by this chapter.

Within 60 days after a decision is made to deny renewal of approval, the Commission must give written notice of the decision and the basis for that decision by certified mail to the last known address of the school.

Except as otherwise provided in NAC The school may certify only the number of hours for which the course has been approved by the Commission. The entire course must be completed by the applicant or licensee to satisfy the licensing requirements. C pars. C par. Certify the completion of only the number of hours for which the course has been approved by the Commission. A portion of a course does not satisfy the requirements for a license.

May employ as instructors of those courses only persons who meet the qualifications set forth in NAC Shall limit noncertificated guest lecturers who are experts in the related fields to a total of 9 instructional hours per approved course. Shall include a statement that the school is approved by the Commission on all advertisements of the school.

An instructor must have written approval from the Division before teaching an approved course. An applicant for approval as an instructor must apply on a form prescribed by the Division.

The Division shall not, without the approval of the Commission, approve a person as an instructor if the person:. A person may be approved as an instructor to teach an approved course relating to his or her principal occupation if:.

If the Division denies an application for approval as an instructor, the applicant may appeal the decision of the Division by filing an appeal with the Commission not later than 30 days after the date on which the applicant received notification of the denial of the application for approval as an instructor.

If the applicant files a timely appeal, the Commission will, as soon as practicable, hold a hearing concerning the denial of the application for approval as an instructor at a regularly scheduled meeting of the Commission and will:. The Division shall periodically review and evaluate each approved instructor.

The Administrator may withdraw the approval of an instructor who:. Before withdrawing approval of the instructor of a course, the Administrator must notify the sponsor of the course of his or her intent to withdraw approval of the instructor. The notice must include the specific reasons upon which the Administrator is basing the decision to withdraw the approval of the instructor.

Not later than 30 days after the date on which he or she receives the notice, a sponsor may provide a written response to the Administrator that clearly sets forth the reasons why the approval of the instructor should not be withdrawn and outlining any corrective measures that the sponsor will undertake.

After the day period has elapsed, the Administrator shall review the notice and any response submitted by the sponsor and shall:. If the Administrator withdraws approval of an instructor, the Division shall give credit to a student for completing the course if the student began the course before the sponsor received written notice of the withdrawal of approval of the instructor.

The sponsor may appeal the decision of the Administrator to withdraw approval of an instructor by filing an appeal with the Commission not later than 30 days after the date on which the withdrawal of the approval of the instructor becomes effective. If the sponsor files a timely appeal, the Commission will, as soon as practicable, hold a hearing concerning the withdrawal of approval of the instructor at a regularly scheduled meeting and will:.

An instructor shall conduct himself or herself in a professional and courteous manner when performing his or her instructional duties and shall conduct classes in a manner that demonstrates the following basic teaching skills:. A course of instruction in real estate principles, practices, procedures, law and ethics which is designed to meet the educational requirements of an applicant for an original license as a salesperson must consist of:.

The content of the course must be divided among subjects listed in NAC A pars. Except as otherwise provided in subsection 3, a course of instruction in broker management that is designed to fulfill the educational requirements for issuance of an original license which are described in paragraph d of subsection 2 of NRS To be approved by the Commission, a course in broker management must include, without limitation:.

The Commission will accept, without prior approval, a course of instruction in broker management that is offered by any university, school or community college of the Nevada System of Higher Education, or any other university or college bearing the same or equivalent accreditation, if the course includes, at a minimum, the hours and subjects of instruction set forth in paragraphs a to i , inclusive, of subsection 2.

Except as otherwise provided in subsection 2, before any school offers or conducts a course of instruction designed to fulfill the educational requirements for issuance of an original license under chapter of NRS, the school must be approved by the Commission.

Unless the course is a course in broker management, the Commission will accept such a course from:. Forty-five hours of instruction shall be deemed to be the equivalent of 3 semester credits in appraisal. B par. F part par. None of the following kinds of courses will be accepted from an applicant as fulfillment of the education which is required by subsections 1 to 4, inclusive, of NRS The Division shall not accept a course in broker management required pursuant to paragraph d of subsection 2 of NRS An owner, instructor, or affiliate of a school approved by the Commission or other person associated with the school shall not take a real estate examination conducted by the Division or its agent unless he or she first submits to the Division:.

Such a school or anyone associated with its operation shall not:. A person who requests approval of a distance education course must demonstrate to the satisfaction of the Commission that the proposed distance education course satisfies the following requirements:. If the subject matter of the course is such that the learning objectives for the course cannot be reasonably accomplished without direct interaction between the instructor and the students, the course design must provide for such interaction.

For the purposes of this paragraph, a response by an approved instructor shall be deemed timely if the response is made within 2 business days after the question is submitted. The sponsor shall make available to students technical support relating to the use of any computer hardware or software, or other equipment or technology needed to complete the course.

The sponsor shall retain such signed statements and records of student contact together with all other course records the sponsor must maintain. In the case of an Internet-based course, the sponsor shall provide the Division with access to the course via the Internet at no charge at a date and time satisfactory to the Division.

In determining whether to approve a distance education course pursuant to this section, the Commission will consider whether:. For an accrediting agency to be approved by the Commission for the purposes of this paragraph, the accrediting agency must use the following considerations when making its determination on whether to accredit a distance education course:.

The school or sponsor must apply for renewal on a form provided by the Division and describe on that form any changes in the course. An application for renewal must be filed at least 2 weeks before the previous approval expires. If the school or sponsor does not timely file the application for renewal, the school or sponsor must apply for an original approval.

Each approved course and instructor is subject to review and audit by the Division. If the Division conducts such a review or audit, the sponsor shall make available to the Division all records requested which are necessary to the review. The Division shall renew the approval of a course if the information concerning the course has been updated and there is no material change in the content of the course.

Each of the following acts and conditions is a ground for the Commission to withdraw or refuse to renew its approval of a course:.

A licensee who is the sponsor of an approved course is subject to disciplinary action pursuant to this chapter for any dishonest, fraudulent or improper conduct by the licensee, or an instructor of the approved course employed by the licensee, in connection with activities related to the approved course.

F pars. If the Administrator determines, whether pursuant to student evaluations, to an audit or investigation conducted by the Division, or otherwise, that an approved course does not meet the standards for such a course set forth in this chapter, the Administrator shall notify the sponsor of the course of his or her intent to withdraw approval of the course.

The notice must include the specific reasons upon which the Administrator is basing the decision to withdraw approval of the course. Not later than 30 days after the date on which he or she receives the notice, the sponsor may provide a written response to the Administrator that clearly sets forth the reasons why approval of the course should not be withdrawn and outlining any corrective measures that the sponsor will undertake.

After the day period has elapsed, the Administrator shall review the notice and any response submitted by the sponsor and:.

If the Administrator withdraws approval of a course, the Division shall give credit to a student for completing the course if the student began the course before the sponsor received written notice of the withdrawal of approval of the course. The sponsor may appeal the decision of the Administrator to withdraw approval of a course by filing an appeal with the Commission not later than 30 days after the date on which the withdrawal of the approval of the course becomes effective.

If the sponsor files a timely appeal, the Commission will, as soon as practicable, hold a hearing concerning the withdrawal of approval of the course at a regularly scheduled meeting and will:. If the course is designated as presenting an update on law and legislation, the Division shall reapprove the course only once.

To receive a certificate of completion for an approved course and have his or her name included on the roster of attendees which the sponsor of the course submits to the Division pursuant to paragraph b of subsection 4 of NAC If an instructor denies the award of a certificate of completion to a student, the student may, within 30 days after that denial, file a written request with the Administrator to review the matter.

If the written request contains allegations which, if true, would qualify the applicant to receive a certificate of completion and credit for completing the course, the Administrator shall set the matter for an informal hearing before him or her to be conducted as soon as practicable.

Each approved course and each instructor of an approved course must be evaluated by students on a form prescribed by the Division and provided by the sponsor during every course offering. Except as otherwise provided in subsection 2, each first-time licensee shall take a prescribed postlicensing course of education that focuses on practical applications of real estate transactions. The postlicensing course:.

The requirement for postlicensing education set forth in subsection 1 does not apply to a first-time licensee who:. The postlicensing course may include material that has not previously been approved or allowed for continuing education credit.

Courses approved for postlicensing education will not be accepted or approved as a course for continuing education. The curriculum for postlicensing education must contain at least 15 modules that include, without limitation:. Part , fair housing, the multiple-listing service, Internet websites and electronic mail;. Each first-time licensee must complete an additional 12 hours of continuing education within the first 2 years immediately after initial licensing.

The additional 12 hours of continuing education:. A first-time licensee who fails to comply with the requirements for postlicensing education set forth in this section is subject to immediate involuntary inactivation of the license by the Division and an administrative fine in the amount set forth in subsection 1 of NAC The amendatory provisions of section 1 of this regulation [ NAC The amendatory provisions of section 3 of this regulation [ NAC The amendatory provisions of section 4 of this regulation [ NAC An application for the approval of a course for postlicensing education must be submitted to the Division on a form provided by the Division for review and presentation to the Commission.

The Commission will not grant retroactive approval for a course in postlicensing education. The Commission will grant credit for a course for postlicensing education if the course meets the requirements set forth in subsection 4 of NAC If a course for postlicensing education has been approved, the sponsor of the course shall provide a certificate of completion to the licensee upon his or her completion of the course.

The certificate must contain:. If a course has been approved and is being offered for postlicensing education, the sponsor must state on all the course materials:. If a course offered by a sponsor that is a professional organization has been approved for postlicensing education, the sponsor shall not restrict attendance at the course to members of that organization.

To renew an active license, the licensee must provide the Division with proof that he or she has met the requirements set forth in NAC To reinstate a license which has been placed on inactive status, a person must provide the Division with proof that he or she has met the requirements set forth in NAC For the purpose of compliance with this section, 50 or more minutes of actual instruction constitutes a clock hour and initial licensing refers to the first issuance of a real estate license of any kind in Nevada.

Except as otherwise provided in subsection 3, a real estate salesperson who wishes to renew his or her license must complete at least 48 hours of continuing education at approved educational courses, seminars or conferences during the license renewal period. Twenty-four of the hours must be completed before the end of each 2-year period. Each licensee must provide the Division with proof of completion before the end of each 2-year period. Not less than 12 of the hours in each 2-year period must be devoted to ethics, professional conduct or the legal aspects of real estate, including:.

Except as otherwise provided in subsection 3, a real estate broker or real estate broker-salesperson who wishes to renew his or her license must complete at least 48 hours of continuing education at approved educational courses, seminars or conferences during the license renewal period. Not less than 15 of the hours in each 2-year period must be devoted to ethics, professional conduct or the legal aspects of real estate, including:.

The requirements for continuing education set forth in subsections 1 and 2 do not apply to the renewal of a license upon the expiration of the initial license. If a license has been placed on inactive status and the licensee wishes to have the license reinstated, the licensee must comply with the following requirements:. Not less than 12 of the hours must be devoted to ethics, professional conduct or the legal aspects of real estate, including:.

Not less than 24 of the hours must be devoted to ethics, professional conduct or the legal aspects of real estate, including:. Not more than 3 hours of any of the required hours in each 2-year period set forth in this section for continuing education may be taken in courses for personal development. At least 50 percent of the total hours of required continuing education set forth in this section must be taken through live instruction by a licensee.

A licensee who fails to comply with the requirements for continuing education set forth in this section is subject to immediate involuntary inactivation of the license by the Division and an administrative fine in the amount set forth in subsection 1 of NAC The following areas are acceptable for courses in continuing education:.

The Division may, upon application and on behalf of the Commission, approve a course conducted by any other school, professional society or organization if the Division finds that the course meets the standards established by the Commission for continuing education.

The following kinds of courses and activities do not meet the standards for continuing education:. The Division, on behalf of the Commission, will not approve more than:.

An application for the approval of a course for continuing education must be submitted to the Division on a form provided by the Division. The Division, on behalf of the Commission, may grant retroactive approval for a course for continuing education. The Division, on behalf of the Commission, will grant credit for a course for continuing education only if:. The certificate must contain the:.

If the Division, on behalf of the Commission, denies an application for approval of a course of continuing education, the applicant may appeal the decision of the Division by filing an appeal with the Commission not later than 30 days after the date on which the applicant received notification of the denial of the application for approval of the course.

If an applicant files a timely appeal pursuant to subsection 5, the Commission will, as soon as practicable, hold a hearing concerning the denial of the application for approval of the course of continuing education at a regularly scheduled meeting of the Commission and will:.

F par. If a course has been approved and is being offered for continuing education, the sponsor must state on all the course materials:. If a course offered by a sponsor that is a professional organization has been approved for continuing education, the sponsor shall not restrict attendance at the course to members of that organization. A course may not be taken for credit to meet the requirements for continuing education more than once during a single licensing period.

Courses taken to satisfy requirements for renewal or reinstatement of a license must be completed within 2 years immediately before the latest date for renewing or reinstating the license. A licensee may receive credit for continuing education only upon certification by the sponsor that the licensee has attended and completed at least 90 percent of the course. The sponsor shall determine whether a final examination is required for the completion of a course.

The Commission will grant credit for continuing education, not to exceed 6 hours during a licensing period, to a licensee for attending a meeting of the Commission if:. If a licensee attends only part of a meeting of the Commission, the Division may determine the number of hours of credit, if any, that the licensee may receive for credit for continuing education pursuant to this section. Within 60 days after the close of the fiscal year, the Administrator shall deliver to the Commission a financial statement showing beginning balances, receipts, expenditures and ending balances of the Real Estate Education, Research and Recovery Fund in such detail as the Commission requires.

Before the first meeting of each fiscal year, the Commission will have a budget prepared for the yearly allocation of expenditures of the Fund from money available for research and education. The budget so prepared will be presented at the first meeting of the Commission in the fiscal year. The judgment debtor cannot, with the exercise of due diligence, be found within the jurisdiction;. In compromising a claim pursuant to NRS Before the Administrator and the petitioner file such a joint petition, the Administrator shall advise the petitioner in writing that:.

The Administrator shall compromise any claim and defend any action against the Real Estate Education, Research and Recovery Fund on behalf of the Fund in which a settlement has been agreed upon by the petitioner or paid to the petitioner, including, without limitation, any settlement by a third party that has been agreed upon by the petitioner or paid to the petitioner. The Commission may establish an advisory committee to assist the Commission with any matter that the Commission determines to be appropriate for submission to an advisory committee.

The Administrator may establish an advisory committee to assist the Administrator in:. The Commission will create and maintain a list of persons who are approved by the Commission to serve on an advisory committee.

The Commission will not include any person on the list unless that person meets the qualifications for appointment to the Commission set forth in subsection 3 of NRS If the Administrator or the Commission determines that an advisory committee should be formed, the Administrator shall appoint three persons to serve on the advisory committee from the list of persons approved by the Commission to serve on the advisory committee.

At least one person so appointed must be a current or former member of the Commission. The Administrator shall appoint one member of the advisory committee, who must be a current or former member of the Commission, to serve as chair of the advisory committee. Each member of an advisory committee is entitled to receive a per diem allowance and travel expenses as provided for state officers and employees generally for the period during which the member was engaged in the discharge of his or her official duties.

An advisory committee which is established to assist the Administrator with the review of a matter that is the subject of an investigation conducted pursuant to NAC If the agreement provides for disciplinary action that is authorized pursuant to NRS If disciplinary action is taken pursuant to this section against a licensee who is the subject of an investigation, the Administrator shall file with the Commission a written summary of the facts and disciplinary actions taken against the licensee.

A resolution negotiated pursuant to this paragraph is contingent upon the approval of the Commission at a hearing in which the licensee who is the subject of the investigation is in attendance. If an advisory committee is established to assist the Administrator with the review of an investigation conducted pursuant to NAC The Administrator shall provide written notice of the time and place of the conference to:.

The advisory committee may request the attendance at an informal conference of any person whom the advisory committee believes to have information that is relevant to the matter. When conducting an informal conference, an advisory committee:. The chair of an advisory committee shall file a written report with the Administrator that explains the results of the informal conference within 30 days after the conclusion of the informal conference.

Except as otherwise provided in NRS If an advisory committee is established to assist the Administrator with the review of an investigation conducted pursuant to NRS The Administrator shall provide written notice of the time and place of the informal conference to:. An advisory committee may request the attendance at an informal conference of any person whom the advisory committee believes to have information that is relevant to the matter.

A written report reviewed pursuant to subsection 1 of NAC A licensee cooperating with a broker who holds an exclusive listing or other exclusive agency agreement shall not invite the cooperation of another licensee without the consent of the listing broker or the agent.

Signs giving notice of property for sale, rent, lease, or exchange must not be placed on any property by more than one licensee unless authorized by the owner in writing. A person must obtain the consent of the broker who holds an exclusive listing or other exclusive agency agreement before negotiating a lease or sale with the owner of that property or the principal.

A broker who holds an exclusive listing or other exclusive agency agreement shall cooperate with other brokers whenever it is in the interest of his or her client and may share commissions on a previously agreed basis. The authorization must be prepared on a form prescribed by the Division. The broker shall, upon request, provide a copy of the authorization to any licensee cooperating with the broker. Any negotiation conducted by a licensee with a seller, purchaser, lessor or tenant pursuant to the authorization described in subsection 1 does not create an express or implied agency relationship between the licensee and the client of the authorizing broker.

Any communication engaged in pursuant to this subsection does not create an express or implied agency relationship between the licensee and the client of the authorizing broker. As used in NRS The provisions of this section do not prohibit the creation of an agency relationship described in a form prepared pursuant to subsection 2 or 3 of NRS Every real estate broker shall teach the licensees associated with him or her the fundamentals of real estate or time-share practice, or both, and the ethics of the profession.

The broker shall supervise the activities of those licensees, the activities of his or her employees and the operation of his or her business. The supervision described in subsection 1 includes, without limitation, the establishment of policies, rules, procedures and systems that allow the real estate broker to review, oversee and manage:.

In establishing such policies, rules, procedures and systems, the real estate broker shall consider the number of licensees associated with the real estate broker, the number of employees employed by the real estate broker and the number and location of branch offices operated by the real estate broker. A real estate broker shall establish a system for monitoring compliance with such policies, rules, procedures and systems.

The real estate broker may use a real estate broker-salesperson to assist in administering the provisions of this section so long as the real estate broker does not relinquish overall responsibility for the supervision of the acts of the licensees associated with the real estate broker.

A real estate broker may enter into a written agreement with each licensee associated with the real estate broker to retain the licensee as an independent contractor. If such an agreement is entered into, it must:. Has done his or her utmost to protect the public against fraud, misrepresentation or unethical practices related to real estate or time shares. Has ascertained all pertinent facts concerning any time share or property for which the licensee accepts an agency.

Has disclosed, in writing, his or her interest or contemplated interest in any property or time share with which the licensee is dealing.

The problem is, changing the file extension does not change the file format. If you have helpful information about the. Search for extension:. NAC file extension The table below provides useful information about the. It answers questions such as: What is the. What program do I need to open a. How can the. Why SecureW2? Featured Customers Some of our featured customers. North America Sales UK and Ireland Sales Login Check our Prices. Login Pricing. Learn about this author.

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