Nev. Admin. Code § 645.0265 - "Exclusive right to sell or lease listing agreement" defined
"Exclusive right to sell or lease listing agreement" means an agreement that:
1. Meets the
requirements of
NRS
645.320;
2. Grants the broker the exclusive right to
represent the seller or lessor in the sale or lease of any property;
and
3. Provides the broker with the
expectation of receiving compensation if the broker, the seller or any other
person produces a purchaser or tenant in accordance with the terms specified in
the exclusive right to sell or lease listing agreement or if the property is
sold or leased during the term of the exclusive right to sell or lease listing
agreement to any person other than a person who is specifically exempted under
the exclusive right to sell or lease listing agreement.
Notes
NRS 645.190
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