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Online
Enrollment Available:
All Las Vegas
Dates (Item #58)
Why is this
the best Business Broker Course Available?
1.
The class is instructed by Jack Novak who holds
the first business brokerage permit issued by
Nevada and is viewed as one of Nevada's foremost
experts in the field.
2.
This course provides practical in class interaction
that can not be administered by a correspondence
course.
3.
The course is provided by Key Realty School which
is a Nevada specific school that is committed
to continued support even after the course is
administered.
Use
the following links to view state applications
for business broker permit application:
http://www.red.state.nv.us/forms/624.pdf
http://www.red.state.nv.us/forms/624A.pdf
Important
to note: Prospective Business Broker Permit holders
must obtain a new set of finger prints and apply
for another back ground check. (This can
be completed at the time of testing / applicants
completing a finger prints and background check
information for the NV Real Estate Division within
the last 12 months are exempt from a new finger
print and background investigation)
http://www.keyrealtyschool.com/Electronic_Fingerprints.pdf
This
Section contains helpful information pertaining
to the Statute and Regulation surrounding the
Nevada Business Broker permit.
Additional
legislative changes have been made in early 2007.
Please use this link to view these early 2007
changes:
http://www.red.state.nv.us/Regulations/E645-01.pdf
NRS
645.0075
“Business
broker” defined.
“Business
broker” means a person who, while acting as a
real estate broker, real estate broker-salesman
or real estate salesman for another and for compensation
or with the intention or expectation of receiving
compensation:
1. Sells, exchanges, options or purchases
a business;
2. Negotiates or offers, attempts or agrees
to negotiate the sale, exchange, option or purchase
of a business; or
3. Lists or solicits prospective purchasers
of a business.
(Added to NRS by
2005, 646)
Use
this link to examine the law in context:
http://www.leg.state.nv.us/NRS/NRS-645.html#NRS645Sec0075
NRS
645.863
Permit
to engage in business as business broker: Persons
eligible; requirements; continuing education;
expiration; renewal; regulations.
1. A person who is licensed as a real estate
broker, real estate broker-salesman or real estate
salesman pursuant to this chapter may apply to
the Real Estate Division for a permit to engage
in business as a business broker.
2. An applicant for a permit must:
(a) Provide proof satisfactory to the Real Estate
Division that he has successfully completed at
least 24 hours of classroom instruction relating
to business brokerage; and
(b) Comply with any other requirements for the
issuance of a permit established by the Commission.
3. A permit expires on the same date as
the license of the holder of the permit expires.
A permit may be renewed at the time that a person
licensed pursuant to this chapter applies for
renewal of his license.
4. An applicant for the renewal of a permit
must:
(a) Provide proof satisfactory to the Real Estate
Division that he has successfully completed at
least 3 hours of continuing education required
for the renewal of his license pursuant to
NRS 645.575 in an approved educational course,
seminar or conference relating to business brokerage.
(b) Comply with any other requirements for renewal
of a permit established by the Commission.
5. The Commission shall adopt such regulations
as are necessary to carry out the provisions of
this section. The regulations must include, without
limitation, provisions that establish:
(a) Requirements for the issuance or renewal of
a permit.
(b) Fees for:
(1) The issuance or renewal of a permit;
(2) The cost of any examination required of an
applicant for a permit, including, without limitation,
any costs which are necessary for the administration
of an examination; and
(3) The cost of any investigation of an applicant
for a permit.
(c) Standards of education for the approval of
a course of instruction to qualify an applicant
for the issuance or renewal of a permit.
(Added to NRS by
2005, 646)
NRS 645.865
Permit
to engage in business as business broker: Requirements
for certain organizations.
1. To engage in business as a business broker
in this State:
(a) A partnership shall designate one of its members;
(b) A corporation shall designate one of its officers
or employees;
(c) A limited-liability company shall designate
its manager; and
(d) A real estate broker who conducts business
as a sole proprietor shall designate himself or
a person who is licensed under the real estate
broker,
Ę
to submit an application for a permit pursuant
to
NRS 645.863. The partnership, corporation,
limited-liability company or sole proprietor shall
not engage in business as a business broker unless
the person so designated has been issued such
a permit.
2. If the person designated to apply for
a permit meets the qualifications for a permit
set forth in
NRS 645.863, the Real Estate Division shall
issue to that person a permit to engage in business
as a business broker on behalf of the partnership,
corporation, limited-liability company or sole
proprietor.
3. A person to whom such a permit has been
issued may act as a business broker pursuant to
the permit only on behalf of the partnership,
corporation, limited-liability company or sole
proprietor, and not on his own behalf. If that
person ceases to be connected or associated with
the partnership, corporation, limited-liability
company or sole proprietor, the partnership, corporation,
limited-liability company or sole proprietor shall
designate another person who meets the qualifications
for a permit set forth in
NRS 645.863 to hold the permit on behalf of
the partnership, corporation, limited-liability
company or sole proprietor.
4. Any member, officer or employee of a
partnership, corporation, limited-liability company
or sole proprietor, other than the person designated
as the business broker pursuant to subsection
1, who wishes to engage in business as a business
broker must apply in his own name for a permit.
Pursuant to such a permit, the member, officer
or employee of a partnership, corporation, limited-liability
company or sole proprietor may act as a business
broker only as an officer, agent or employee of
the partnership, corporation, limited-liability
company or sole proprietor, and not on his own
behalf.
(Added to NRS by
2005, 647)
NRS 645.867
Designated
business brokers: Requirements; qualifications;
duties.
1. If a real estate broker does not hold
a permit to engage in business as a business broker
but intends to have the activities of a business
broker conducted at an office, the real estate
broker must:
(a) Appoint a person, who has the qualifications
required by this section, as the designated business
broker for the office to supervise the activities
of a business broker conducted at the office;
and
(b) Submit notice of the appointment to the Division.
2. The designated business broker for an
office must be a natural person who:
(a) Holds a license as a real estate broker or
real estate broker-salesman;
(b) Holds a permit to engage in business as a
business broker; and
(c) Has 2 years active experience, within the
4 years immediately preceding the date of the
appointment, in conducting the activities of a
business broker in the United States as a licensed
real estate broker, real estate broker-salesman
or real estate salesman.
3. While acting as the designated business
broker for an office, the person:
(a) Must comply with all applicable provisions
of this chapter; and
(b) Is subject to all the remedies and penalties
provided for in this chapter.
(Added to NRS by
2005, 647)
Use
this link to examine the laws in context:
http://www.leg.state.nv.us/NRS/NRS-645.html#NRS645Sec863
Feel free to
contact the school admissions office with additional
questions.
Nevada Office:
800 472 3893
The following
list notes all texts recommended to study in better
preparation for the Nevada Business Broker Permit
exam:
Nevada Administrative Code, Chapter 645 (2006)
Nevada Revised Statutes, Chapter 645 (2006)
Pratt, S.P., Reilly, R.F., & Schweis, R.P. (1998). Valuing Small
Businesses
and Professional Practices, 3rd Ed. New York: McGraw Hill.
Tatum, Toby (2002). Making a Small Business Purchase Offer. Niantic,
CT: RDS
Associates, Inc./Business Book Press.
West, Thomas L. (2002). The Complete Guide to Business Brokerage, 3rd
Ed.
Business Brokerage Press.
West, Thomas L. and Jones, J.D. (1999). Handbook of Business
Valuation, 2nd
Ed. New York: John Wiley & Sons, Inc.
West, Tom (2006). 2006 Business Reference Guide: The Essential Guide
To Pricing a Business, 16th Ed. Business Brokerage Press. |
