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What goes into Filing A Complaint With The Nevada Mortgage Lending Division?

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The Nevada Mortgage Lending Division is a division operating under the scope of the state’s Department of Business & Industry.   The Mortgage Lending Division oversees the licensing of mortgage brokers and agents through its office in Carson City. It is advised to get a real estate attorney before moving forward with the complaint filing process. However, the Division also serves the general public by reviewing and investigating complaints brought by consumers. These complaints often involve disputes between a prospective borrower and a licensee, but can also include complaints about a business or person practicing in Nevada without a proper license to do so. What To Expect When Filing A Complaint Through The Nevada Mortgage Lending Division? As said earlier, this division is responsible for handling complaints brought against not just mortgage brokers, but also against the escrow agencies, their agents, and mortgage loan servicers. In simple words, any person who is required to
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What Are The Duties Of Brokers And What Agreements Do They Have In Nevada?

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  An agent or a broker has a duty to exercise reasonable care and provide a form from the Nevada Real Estate Division which outlines all the obligations of the agent or broker to both their client and to all other parties in the transaction as well. According to Las Vegas Nevada real estate lawyers , when an agent or broker enters into a brokerage agreement, he or she has the following obligations under BRS 645.254: ●   Exercising reasonable skill and care in carrying out their obligations under the brokerage agreement. ●      Duty not to disclose confidential information for one year after the date of the end of the brokerage agreement, unless required to do so by a court of law or the client gives written consent. ●    Seeking out a deal for either the price or terms stated in the brokerage agreement (for seller) or at a price desirable to the client (for buyer). ●     Presenting all offers made by or to a client as soon as practicable, unless the client signs a written wai
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