Nevada Administrative Code
Chapter 645 - Real Estate Brokers and Salespersons
STANDARDS OF PRACTICE
Section 645.546 - Representation of clients under brokerage agreements: "Present all offers" and "exclusive agency representation" interpreted
Universal Citation: NV Admin Code 645.546
Current through December 12, 2024
1. As used in NRS 645.254, the Commission will interpret the term "present all offers" to include, without limitation:
(a) Accepting delivery of or conveying an offer or counteroffer;
(b) Answering a client's questions regarding an offer or counteroffer; and
(c) Assisting a client in preparing, communicating or negotiating an offer or counteroffer.
2. As used in NRS 645.320, the Commission will interpret the term "exclusive agency representation" to mean an agency relationship that consists of one broker and one client, including, but not limited to:
(a) An exclusive agency listing agreement;
(b) An exclusive buyer's brokerage agreement; or
(c) An exclusive right to sell or lease listing agreement.
3. The provisions of this section do not prohibit the creation of an agency relationship described in a form prepared pursuant to subsection 2 or 3 of NRS 645.193.
Added to NAC by Real Estate Comm'n by R165-07, eff. 4-17-2008
NRS 645.050, 645.190, 645.254, 645.320
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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