NRS 119.181 Sales: Activities of registered representatives; application by registered representative.
1. No person, except a registered representative of the developer or a broker or salesman who has complied with NRS 119.180
may induce, solicit or attempt to have any person attend any offer or sale of subdivision property or any interest therein. A broker is responsible for the inducing and soliciting activities of his registered representative. The registered representative and the developer must comply with the same standards of business ethics as apply to licensed real estate brokers and salesmen. A registered representative shall not make statements of any kind concerning prices, interests or values of the subdivision property. His activities must be limited to inducing and soliciting persons to attend an offer or sale of subdivision property and handing out information approved by the Division and he shall strictly conform to the written plan approved by the Division pursuant to NRS 119.180
2. Before engaging in any activities specified in subsection 1, each registered representative of the developer, under such regulations as the Division may promulgate, shall:
(a) Complete an application in such form and containing such reasonable information as the Division may require.
(b) Pay the fees prescribed in this chapter.
Such a person shall be known as a registered representative of the developer and may not use the term “licensee.” Real estate brokers and salesmen licensed in the State of Nevada may function as registered representatives upon the completion of whatever application and the submission of whatever reasonable information the Division may prescribe, and upon the payment of the fees prescribed in this chapter.
(Added to NRS by 1983, 276)
so based on this... what we're proposing is very 'grey'. We're hoping that our locals that we're in contact with simply bring people by the sales center, which is somewhat of a social club. There, they'll encounter the sales team, but no sale offer is going to be made. Unless a conversation about the property is initiated by the prospect.
anyone hazard a guess to 'how grey' this is? we're not asking them to attend an offer, just be present where property information is available. Are we totally in the clear if we make them 'registered representatives'?
I realize this is specific interpretation of Nevada law, and i do intend to follow up directly with the state, but after surfing for a few days, i realize there is tremendous knowledge here and i do appreciate it.