Hi All:
A friendly reminder that is is necessary for each of our agents to have a Nevada Business License. This is a requirement not by the Division but by the Secretary of State for Nevada. The official wording is as follows:                      

Q: Are new real estate licensees required to have a business license?                      

A: If you are an independent contractor you need to have a state business license. This is required by the Secretary of State (NRS 602.010). The Real Estate Division (“Division”) is not the agency that requires this. They do however ask on the application if you have a state business license (NRS 353C.1965). When setting up your business classification, a Sole Proprietorship is typically the default legal structure, but the agent should consult a tax attorney/advisor about whether taking the formal legal step of creating a business entity, such as an LLC, is ideal based on the agent’s commission and liability potential.                      

The Secretary of State can conduct an audit and did so about 1 1/2 - 2 years ago resulting in fines to agents and not the brokerage (they can be quite hefty actually).              

If you do not have a Nevada Business License, you can obtain one, based on what is best for your business, via the following link:                      

https://www.nvsilverflume.gov/home                       

To Your Success!                     

Alessi Realty Group Leadership Team