Nev. Admin. Code § 645.541 - Authorization of licensee to negotiate directly with client of broker with exclusive authority to represent client

1. A broker who has the exclusive authority to represent a client under an exclusive agency listing agreement, exclusive buyer's brokerage agreement or exclusive right to sell or lease listing agreement may authorize another licensee to negotiate directly with that client if written authorization is obtained from the broker pursuant to subsection 2 of NRS 645.635. The authorization must be prepared on a form prescribed by the Division. The broker shall, upon request, provide a copy of the authorization to any licensee cooperating with the broker.

2. Any negotiation conducted by a licensee with a seller, purchaser, lessor or tenant pursuant to the authorization described in subsection 1 does not create an express or implied agency relationship between the licensee and the client of the authorizing broker.

3. A licensee who cooperates with a broker and who negotiates an agreement pursuant to this section may communicate with the authorizing broker's client to assist in closing the agreement. Any communication engaged in pursuant to this subsection does not create an express or implied agency relationship between the licensee and the client of the authorizing broker.

4. As used in this section, "negotiate" means:

(a) To communicate, deliver, discuss or review the terms of an offer, counteroffer or proposal; or

(b) To communicate or assist in communication regarding an offer, counteroffer or proposal and preparing any response as directed.

Notes

Nev. Admin. Code § 645.541

Added to NAC by Real Estate Comm'n by R165-07, eff. 4-17-2008

NRS 645.050, 645.190