Provisional sales agents: Qualifications; employment with project broker

1. The Division shall issue a provisional sales agent’s license for an applicant who submits: (a) A complete application for a sales agent’s license in compliance with NRS 119A.210 and applicable regulations; (b) A written statement of acknowledgment from the project broker who will employ the applicant that: (1) The project broker has obtained a report on the background of the applicant from a licensed private investigator or other reputable source acceptable to the Division; (2) The project broker is satisfied that the applicant has a reputation for honesty, trustworthiness and competence; and (3) There is a written agreement between the project broker and the applicant in which the applicant states that he or she understands and agrees that his or her employment in a position as a provisional sales agent will be terminated if the Division denies his or her application for a sales agent’s license; and (c) A copy of the report described in subparagraph (1) of paragraph (b), which must demonstrate that the applicant has not been convicted of, or pleaded guilty, guilty but mentally ill or nolo contendere to, any crime that would be grounds for the Division to deny the application for a sales agent’s license pursuant to this chapter or any regulations adopted pursuant thereto. 2. The Division shall issue a provisional license to the project broker for an applicant upon verifying the applicant’s complete submission of all the required items set forth in subsection 1.