A client may choose to waive the broker’s duty to present all offers by signing a waiver on a form, the “WaiverForm,” prescribed by the Division. Concurrent with the option of a client to waive the duty of his/her broker topresent all offers is the form “Authorization to Negotiate Directly […]
Read MoreFAQ Category: Duties Owed
What duties are owed from a Realtor that is a Nevada licensee?
A Nevada licensee who has entered into a brokerage agreement to represent a client in a real estatetransaction shall: Exercise reasonable skill and care to carry out the terms of the brokerage agreement and the licensee’s duties in the brokerage agreement; Not disclose, except to the licensee’s broker, confidential information […]
Read MoreWhen is the Duties Owed by a Nevada Real Estate Licensee disclosure due?
The disclosure form must be presented to the client before any documents are signed by the client.
Read MoreWho must provide the Duties Owed By a Nevada Real Estate Licensee disclosure?
A licensee who acts as an agent in a real estate transaction must disclose to each party for whom thelicensee is acting as an agent and any unrepresented party all duties owed to the parties and the licensee’srelationship as an agent to each party in the transaction.
Read MoreWhat is the purpose of the Duties Owed By a Nevada Real Estate Licensee disclosure?
The purpose of the Duties Owed form is to make the buyer or seller aware of obligations owed by a real estate licensee to all parties involved in the transaction.
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