A Nevada real estate listing agreement grants a real estate licensee the right to sell and market residential property on behalf of the owner. Exclusive selling rights transfer the selling duties to the licensee until the period of agreement expires, whereas exclusive agency and open listing rights allow the licensee to represent the owner only if the licensee procures a prospective buyer.
In the event of the licensee producing a sale under an exclusive agency or open listing, they will receive a percentage of the sale or a fixed-rate commission fee. In contrast, exclusive selling rights allow the licensee to receive commission whether or not a transaction was made through the agency.
- Dual Agency – § 645.252 (1)(d) – A licensee may provide representation for the buyer and seller of a transaction after both parties sign the consent form provided by the Nevada Real Estate.
- Purchase Agreement – A purchase agreement is used to make an initial offer on an available home, outline the conditions of a real estate transaction, and transfer ownership of the property.
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Realtors Version
Nevada Exclusive Authorization Listing Agreement – The Nevada Association of Realtors® provides this legal contract for licensees to exclusively lease or transfer ownership of a residential property on behalf of the property owner.
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Disclosures / Waivers (4) |
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