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DUTIES OWED BY A NEVADA REAL ESTATE LICENSEE. 1. This form does not constitute a contract for services nor an agreement to pay compensation. Phone: ... Rock Realty Group LLC 6390 W Cheyenne Ave #D.

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How to fill out the Duties Owed Form online

Completing the Duties Owed Form is an essential step for real estate licensees in Nevada to ensure compliance with legal obligations. This guide provides a clear, step-by-step approach to assist users in filling out the form online with ease and accuracy.

Follow the steps to complete the Duties Owed Form online.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Begin by entering the licensee's name and license number in the designated fields to accurately identify the agent responsible for this transaction.
  3. Fill in the names of the clients involved in the transaction, specifying their roles as either Seller/Landlord or Buyer/Tenant.
  4. Next, provide the broker's name and company, ensuring that the information is complete and accurate.
  5. In the Licensee’s Duties Owed to All Parties section, review the duties and emphasize your commitment to ethical practices, highlighting your dedication to transparency and honesty.
  6. Proceed to the Licensee’s Duties Owed to the Client section. Clearly state your role in fulfilling the obligations outlined in the brokerage agreement.
  7. If applicable, check the box regarding your intention to represent multiple parties, and ensure you are compliant by providing the necessary Consent to Act form.
  8. Finalize the form by obtaining signatures from all relevant parties, confirming their understanding of the duties owed and the nature of your representation.
  9. Once the form is complete, users can save changes, download, print, or share the completed Duties Owed Form as needed.

Start filling out your Duties Owed Form online today to ensure compliance and protect your interests.

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Client/Principal. Any licensed agent who "signs an agency or duties owed" by with a seller, buyer, exchanger, exchangee, lessor, lessee. Client/Principal owed fiduciary.

Any licensee, permittee or owner-developer who commits an act described in NRS 645.630, 645.633 or 645.635 shall be punished by a fine of not more than $5,000 for each offense.

NRS 645.230 - Unlawful to engage in certain conduct without license or permit or without complying with certain provisions of chapter; power of Real Estate Division to file complaint with court and assist in prosecution of violation; prosecution by district attorney or Attorney General.

Licensee's Duties Owed to All Parties: Not deal with any party to a real estate transaction in a manner which is deceitful, fraudulent or dishonest. 2. Exercise reasonable skill and care with respect to all parties to the real estate transaction.

Duties Owed by Nevada Licensees It also establishes the licensee's duties to the client and the general public in a real estate transaction. Licensees must get this form signed by their intended client and any other party to the transaction who does not have agency representation.

$5000 for violation of the license law.

Nevada law levies harsher punishments for obtaining — or attempting to obtain — a real property license through intentional misrepresentation, deceit, or fraud. This is a category D felony, carrying a penalty of: 1 – 4 years in Nevada State Prison, and. up to $5,000 in fines (at the judge's discretion)

A fine of up to $5,000.00 per violation for any person or corporation licensed as an owner-developer. Suspension or revocation of the offending broker's license.

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