Provisional licensee: Restrictions; supervision; commissions.

1. A provisional licensee shall not: (a) Conduct sales-related activities unless he or she is: (1) Under the supervision of: (I) His or her project broker; or (II) A person licensed pursuant to chapter 645 of NRS. (2) At the principal place of business or a branch office of the project broker or person licensed pursuant to chapter 645 of NRS or at the physical location of a time-share development. (b) Collect personal information from a prospective purchaser or purchaser of a time share. 2. A project broker or person licensed pursuant to chapter 645 of NRS shall not grant to a provisional licensee: (a) Access to a time-share lockbox; or (b) The ability to enter a private residence or a time-share unit that an unlicensed person otherwise would not have. 3. A project broker or a person licensed pursuant to chapter 645 of NRS shall: (a) Supervise the provisional licensee; and (b) Review and approve in writing any contract prepared by the provisional licensee that relates to the sale of a time share. 4. A provisional licensee may receive a commission for the sale of a time share in which the provisional licensee is involved. 5. As used in this section: (a) “Personal information” has the meaning ascribed to it in NRS 603A.040 . (b) “Provisional licensee” means an applicant who receives a provisional sales agent’s license from the Division pursuant to NAC 119A.081 .