Nev. Admin. Code § 645G.020 - "Act as a qualified intermediary" interpreted
As used in subsection 1 of NRS 645.6065, the Division will interpret "act as a qualified intermediary" to include:
1. Entering into an agreement with a client who wishes to:
(a) Relinquish real property located in Nevada in exchange for other real property in a tax-deferred exchange; or
(b) Acquire real property located in Nevada that the client identifies to replace relinquished property in a tax-deferred exchange.
2. Maintaining an office in Nevada to solicit or conduct business as a qualified intermediary, regardless of where the real property which is the subject of the exchange is located or where the client resides.
Notes
NRS 645.6065
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