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524-COMP Consent to Act

524-COMP Consent to Act 2025

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The document is a consent form for a real estate transaction in Nevada, allowing a licensee to represent both the seller and buyer or landlord and tenant. It outlines the nature of the transaction, potential conflicts of interest, confidentiality obligations, and the duties owed by the licensee to both parties. The form emphasizes that consent is not mandatory and provides options for parties who choose not to consent.

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Click ‘Get Form’ to open the 524-COMP Consent to Act in the editor.
Begin by filling in the 'DESCRIPTION OF TRANSACTION' section. Specify whether it is a sale, purchase, or lease and provide the property address.
In the 'Licensee' section, enter the name of the licensee and their license number, along with the brokerage they are affiliated with.
Next, both Seller/Landlord and Buyer/Tenant should print their names clearly in the designated fields.
Review the 'CONFLICT OF INTEREST' and 'DISCLOSURE OF CONFIDENTIAL INFORMATION' sections carefully to understand your rights and obligations.
Acknowledge receipt of the duties owed by signing at the bottom of the form. Ensure that you include dates and times for each signature.

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What is a consent letter in a company?

Consent letter means a formal letter which is written in order to obtain permission from a person or a group of persons. The intention behind writing of consent letter is to take permission from the respondent party so that appropriate action can be taken and the purpose of consent can be secured.

What is a letter of consent to act as company secretary?

A Consent to Act as Company Secretary letter is a formal statement by an individual agreeing to take on the responsibilities of a company secretary. It affirms the individuals eligibility and understanding of the duties under the Companies Act 2006.

What is a consent to act form in Nevada?

The Consent to Act form is used when a Nevada real estate licensee represents both the buyer and the seller in the same transaction. This form is necessary for multiple representation situations to ensure that both parties are aware of and agree to the arrangement.

Does a company secretary need to consent to act?

Normally its the directors who decide who will be the company secretary, determine their role and make the appointment. This is usually decided at a board meeting. You need to get the written consent from the individual to act as company secretary and let Companies House know using Form APO3.

What is consent to act as a secretary?

A company secretary must give the directors a signed consent to act as a secretary document before their appointment. This is a legal document kept by the company in its company register. It is an offence under Section 204C if a company fails to obtain, or keep, the consent to act form.