A Nevada licensee who has entered into a brokerage agreement to represent a client in a real estate
transaction 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 relating to a client for 1 year after the revocation or termination of the brokerage agreement, unless licensee is required to do so by court order or the client gives written permission;
- Seek a sale, purchase, option, rental or lease of real property at the price and terms stated in the brokerage agreement or at a price acceptable to the client;
- Present all offers made to or by the client as soon as practicable, unless the client chooses to waive the duty of the licensee to present all offers and signs a waiver of the duty on a form prescribed by the Division;
- Disclose to the client material facts of which the licensee has knowledge concerning the real estate
transaction; - Advise the client to obtain advice from an expert relating to matters which are beyond the expertise of
the licensee; and - Account to the client for all money and property the licensee receives in which the client may have an
interest.
Categories:
Residential Disclosure Guide,
Duties Owed