WHO HOLDS THE TENANTS SECURITY DEPOSIT? - We do! In Nevada the Broker is always responsible for the money. Below we have retyped the Nevada Statutes regarding this matter.

NRS 645.310 Deposits and trust accounts: Accounting; commingling; records; inspection and audit.
1. All deposits accepted...
2. Every real estate salesman...
3. A real estate broker shall...
4. If a broker receives money, as a broker, which belongs to others, he shall promptly deposit the money in a separate checking account in a bank in this state which must be designated a trust account. All down payments, earnest money deposits, rents, or other money which he receives, on behalf of his principal or any other person, must be deposited in the account unless all persons who have an interest in the money have agreed otherwise in writing. A real estate broker in his discretion may pay to any seller or the seller's agent the whole or any portion of such deposit. The real estate broker is personally responsible and liable for such deposit at all times. A real estate broker shall not permit any advance payment of money belonging to others to be deposited in the real estate broker's business or personal account or to be commingled with any money he may have on deposit.

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