A Nevada DMV broker is a person engaged in the business of providing another person or persons services to purchase a vehicle, new or used, which may include arranging financing, leasing, and payment terms, for a fee, without having a personal or business ownership in the vehicle being purchased.
Nevada DMV brokers are regulated by the Occupational and Business Licensing Division of the Nevada Department of Motor Vehicles:
Their address is as follows:
Occupational And Business Licensing
555 Wright Way
Carson City, NV 89711
Applicants interested in becoming a Nevada DMV broker must complete an application with the Occupational and Business Licensing division.
In addition to other requirements, applicants will also be required to complete the following:
And, importantly, a surety bond in the amount of $100,000 must also be filed.
The DMV broker bond is issued to protect client’s and customers of the DMV brokerage from any acts of fraud or criminal malfeasance which may be committed by a broker in the performance of their duties.
The bond, therefore, is not a type of insurance policy for the DMV broker.
In fact, the bond does not protect the broker at all.
The bond, rather, is issued in favor of the Nevada Department of Motor Vehicles and any customers of the broker.
It is solely to their benefit that the bond is issued on behalf of.
While the surety bond is for $100,000, applicants will only pay a small percentage of that amount.
The amount required for the bond will be determined by the applicant’s credit score.
Applicants with challenged credit scores will pay more in premium; however, AmeriPro Surety Bonds takes seriously providing all of our customers with the best pricing available.
We have payment and premium options for clients with challenged credit scores.
This bond is issued to run concurrently with the DMV broker license.
Please consider our services when purchasing your Nevada DMV broker bond: