Company: GLEI
Filing Date: 2025-08-26
Form Type: 10-K/A
Source: 0001139020-25-000275
Chunk: 6

Company: Galaxy Enterprises Inc. /WY/
Filing Date: 2025-08-26
Form: 10-K/A
Chunk 6
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 years immediately prior to the issuance of a Nevada broker license and must pass the national and Nevada state exam within one year of the application date. Nevada Revised Statute (“NRS”) 645 outlines various laws that apply to real estate brokers and salespersons. Among the duties that it imposes on those with a real estate license in Nevada include obligations to: 1.Not deal with any party to a real estate transaction in a manner which is deceitful, fraudulent or dishonest; 2.Exercise reasonable skill and care with respect to all parties to the real estate transaction; 3.Disclose to each party to the real estate transaction as soon as practicable (a) any material and relevant facts, data or information which licensee knows, or with reasonable care and diligence the licensee should know, about the property; and (b) each source from which licensee will receive compensation. 4.Abide by all other duties, responsibilities and obligations required of the licensee in law or regulations; 5.Exercise reasonable skill and care to carry out the terms of the brokerage agreement and the licensee’s duties in the brokerage agreement; 6.Not disclose, except to the licensee’s broker, confidential information relating to a client for one year after the revocation or termination of the brokerage agreement, unless licensee is required to do so by court order or the client gives written permission; 7.Seek a sale, purchase, option, rental or lease of real property at the price and terms stated in the brokerage agreement or at a price acceptable to the client; 8.Present all offers made to, or by the client as soon as practicable, unless the client chooses to waive the duty of the licensee to present all offers and signs a waiver of the duty on a form prescribed by the Nevada Real Estate Division; 9.Disclose to the client material facts of which the licensee has knowledge concerning the real estate transaction; 10.Advise the client to obtain advice from an expert relating to matters which are beyond the expertise of the licensee; and 11.Account to the client for all money and property the licensee receives in which the client may have an interest. 4 Property Management NRS 645 also mandates that a property management agreement must include: 1.The term of the agreement and, if the agreement is subject to renewal, provisions clearly setting forth the circumstances under which the agreement may be renewed and the term of each such renewal; 2.A provision for the retention and disposition of deposits of the tenants of the property during the term of the agreement and, if