New Regulations in Effect
|LCB File#||Chapter Amended||Effective Date||Summary|
|R108-08||NAC 116||04/20/2010||A regulation relating to common-interest communities; requiring the executive board of an
association to provide certain information to the Real Estate Division of the Department
of Business and Industry; revising provisions concerning a declarant’s provision of
audited financial statements; revising various provisions governing community
managers; revising provisions governing members of an executive board of an
association; and providing other matters properly relating thereto.
|R091-09||NAC 645C||04/20/2010||A regulation relating to appraisals of real estate; defines appraisal management company and the requirements for registering; establishing requirements for applications for the issuance and renewal of a registration as an appraisal management company; enacting certain disclosure and recordkeeping requirements for appraisal management companies; enacting various regulatory requirements pertaining to appraisal management companies; defines certain conduct by an appraiser or appraiser’s intern in relation to an unregistered appraisal management company when determining whether the appraiser or intern has engaged in unprofessional conduct; and providing other matters properly relating thereto.|
|R090-09||NAC 645||04/20/2010|| A regulation relating to real estate; establishing methods of distribution for a booklet
providing information concerning the disclosures required by federal, state and local
law in a transaction involving the sale of residential property; and providing other
matters properly relating thereto.