645A.173 - Duty to record certain information concerning real estate brokers and salespersons, mortgage brokers and mortgage bankers. - Nevada Statutes

645A.173  Duty to record certain information concerning real estate brokers and salespersons, mortgage brokers and mortgage bankers.

      1.  If an escrow for the sale of real property is established, the holder of the escrow shall, on the date of establishment of the escrow, record in writing the number and the date of expiration of the:

      (a) License issued pursuant to chapter 645 of NRS; or

      (b) Certificate of cooperation issued pursuant to NRS 645.605,

Ê of any real estate broker, broker-salesperson or salesperson who will be paid compensation from money held in the escrow for performing the services of a real estate broker, broker-salesperson or salesperson in the transaction that is the subject of the escrow. The holder of the escrow is not required to verify independently the validity of the number of the license or certificate.

      2.  If an escrow for the sale of real property is established and the real property is or will be secured by a mortgage or deed of trust, the holder of the escrow shall, on the date of establishment of the escrow, record in writing the number and the date of expiration of the license issued pursuant to chapter 645B or 645E of NRS of any mortgage broker or mortgage banker associated with the mortgage or deed of trust. The holder of the escrow is not required to verify independently the validity of the number of the license.

      (Added to NRS by 1999, 873; A 2001, 2463; 2003, 3542)