Nev. Admin. Code § 645.546 - Representation of clients under brokerage agreements: "Present all offers" and "exclusive agency representation" interpreted
1. As
used in
NRS
645.254, the Commission will interpret the
term "present all offers" to include, without limitation:
(a) Accepting delivery of or conveying an
offer or counteroffer;
(b)
Answering a client's questions regarding an offer or counteroffer;
and
(c) Assisting a client in
preparing, communicating or negotiating an offer or counteroffer.
2. As used in
NRS
645.320, the Commission will interpret the
term "exclusive agency representation" to mean an agency relationship that
consists of one broker and one client, including, but not limited to:
(a) An exclusive agency listing
agreement;
(b) An exclusive buyer's
brokerage agreement; or
(c) An
exclusive right to sell or lease listing agreement.
3. The provisions of this section do not
prohibit the creation of an agency relationship described in a form prepared
pursuant to subsection 2 or 3 of
NRS
645.193.
Notes
NRS 645.050, 645.190, 645.254, 645.320
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