Amendment No. 54

Assembly Amendment to Assembly Bill No. 58 (BDR 54-1210)

Proposed by: Committee on Commerce and Labor

Amendment Box:

Resolves Conflicts with: N/A

Amends: Summary: Title: Preamble: Joint Sponsorship:

ASSEMBLY ACTION Initial and Date | SENATE ACTION Initial and Date

Adopted Lost | Adopted Lost

Concurred In Not | Concurred In Not

Receded Not | Receded Not

Amend the bill as a whole by deleting sections 1 through 62 and adding new sections designated as sections 1 through 3, following the enacting clause, to read as follows:

"Section 1. Chapter 645 of NRS is hereby amended by adding thereto the provisions set forth as sections 2 and 3 of this act.

Sec. 2. 1. A person licensed as a real estate salesman may use the term "real estate salesman," "real estate saleswoman" or "real estate salesperson" in the course of doing business.

2. A person licensed as a real estate broker-salesman may use the term "real estate broker-salesman," "real estate broker-saleswoman" or "real estate broker-salesperson" in the course of doing business.

Sec. 3. 1. In any advertisement through which a licensee offers to perform services for which a license is required pursuant to this chapter, the licensee shall:

(a) If he is a real estate broker, disclose the name of the licensed brokerage under which he does business; or

(b) If he is a real estate broker-salesman or real estate salesman, disclose the name of the broker with whom he is associated.

2. A real estate broker-salesman or real estate salesman shall not advertise solely under his own name when acting in the capacity as a broker-salesman or salesman. All such advertising must be under the direct supervision of and in the name of the broker with whom the broker-salesman or salesman is associated.".

Amend the title of the bill to read as follows:

"AN ACT relating to the sale of real estate; authorizing licensed real estate broker-salesmen and real estate salesmen to use additional terms to refer to their licensed status; requiring certain information to be included in advertisements by licensees; and providing other matters properly relating thereto.".

Amend the summary of the bill to read as follows:

"SUMMARY—Makes various changes concerning sale of real estate. (BDR 54-1210)".