We have not completed a primary-source review of Nevada’s rule on a real-estate agent acting as the mortgage loan originator on the same purchase. Nevada licenses a mortgage company by its offices in the state, which is why our review stopped there.
What the rule says
A person may apply for a license for an office or other place of business located outside this State from which the applicant will conduct business in this State if the applicant has a license issued pursuant to this chapter for an office or other place of business located in this State
the location of each principal office and branch office at which the mortgage company will conduct business within this State
What we have not settled
This page states what we have not verified. It will change when the review is done.
What applies in every state
- Both licenses must be active. The mortgage side is an individual MLO license, sponsored by a licensed mortgage company, with the SAFE test, 20 hours of education and a background check behind it.
- Federal law sits above the state rule. RESPA Section 8 bars pay for a referral, and Regulation Z sets what a loan originator may be paid for. Compensation on the mortgage side is for origination work performed. The RESPA and referral-fee explainer walks through it.
- The lender on the loan has its own rule. FHA permits the dual role since 2022. Conventional lenders decide file by file in writing.
- The buyer keeps the right to choose any lender, and the disclosure says so.