Assembly Bill No. 215–Assemblymen Humke, Beers, Hettrick, Perkins,
Buckley, Giunchigliani, Berman, Gibbons and Chowning
CHAPTER........
AN ACT relating to escrows; requiring the holder of an escrow to record certain information
regarding the license or certificate of cooperation of a real estate broker, broker-
salesman or salesman at the time an escrow for the sale of real property is
established; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1. Chapter 645A of NRS is hereby amended by adding thereto
a new section to read as follows:
At the time that an escrow for the sale of real property is established,
the holder of the escrow shall record in writing the number and the date
of expiration of the:
1. License issued pursuant to chapter 645 of NRS; or
2. Certificate of cooperation issued pursuant to NRS 645.605,
of any real estate broker, broker-salesman or salesman who will be paid
compensation from money held in the escrow for performing the services
of a real estate broker, broker-salesman or salesman 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.