Nevada Real Estate licensees without a business broker permit can sell businesses that are designed to generate income based on the real property itself. Specifically, the entity that is to be sold must report at least half of all profit/loss ratios based on the performance of the real property. Examples of this include: Hotels, Ranches, Apartment Complexes and other businesses that involve the real property as its source for revenue. These real property businesses do not require you to have a business broker permit. Businesses that do not involve real property as part of the business require a business broker permit to work with them (i.e., buy, sell, lease, exchange).