Laws

License Required? Yes. Nevada law requires that individuals obtain both a license as a real estate broker, broker-salesperson, or salesperson, and a property management permit (§ 645.230(1)(b), § 646.6052(1)). The following individuals do not require a permit:

• Property owners or their employees, provided they do not engage in sales activities (§ 645.0445(1)(a)).
• The employee of a real estate broker who collect rent (§ 645.0445(1)(b)).
• Property managers of a sole property that have an office on the premises (§ 645.0445(1)(c)).

Agreement Required? Yes, an agreement with all of the following terms must be in place for a property management arrangement to be legal (§ 645.5056):

• The agreement term
• The agreement renewal terms
• A statement indicating how security deposits will be handled
• The property manager’s compensation details
• The scope of the property manager’s duties
• The agreement termination terms
• The asset management service terms (if applicable)

Verify a Manager – red.prod.secure.nv.gov