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.

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