Form 505 Real Estate Termination From Company or Broker - Nevada

What Is Form 505?

This is a legal form that was released by the Nevada Department of Business and Industry - a government authority operating within Nevada. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 505?A: Form 505 is a document used for terminating a Real Estate Salesperson or Broker-Salesperson License, or Business Broker or Property Manager Permit in Nevada.

Q: Who can use Form 505?A: Form 505 can be used by individuals who want to terminate their Real Estate Salesperson or Broker-Salesperson License, or Business Broker or Property Manager Permit in Nevada.

Q: What licenses or permits can be terminated using Form 505?A: Form 505 can be used to terminate Real Estate Salesperson Licenses, Broker-Salesperson Licenses, Business Broker Permits, and Property Manager Permits in Nevada.

Q: What information is required on Form 505?A: Form 505 requires personal information, license/permit information, and a statement of termination reason.

Q: Are there any fees associated with Form 505?A: Yes, there is a fee associated with submitting Form 505. The amount may vary.

Q: What is the processing time for Form 505?A: The processing time for Form 505 may vary. Contact the Nevada Real Estate Division for more information.

Q: What happens after submitting Form 505?A: After submitting Form 505 and paying the required fee, the Real Estate Salesperson or Broker-Salesperson License, or Business Broker or Property Manager Permit will be terminated.

Q: Can I reapply for a license or permit after terminating it with Form 505?A: Yes, you can reapply for a license or permit after terminating it with Form 505. However, you will need to meet the requirements and go through the application process again.