NRS 159.1385
Contract for sale of real property of protected person authorized

  • limitation on commission
  • liability of guardian and estate.

1.

After the court has granted authority to sell real property of a protected person, a guardian may enter into a written contract with any bona fide agent, broker or multiple agents or brokers to secure a purchaser for such property. Such a contract may grant an exclusive right to sell the property to the agent, broker or multiple agents or brokers.

2.

The guardian shall provide for the payment of a commission upon the sale of the real property which:

(a)

Must be paid from the proceeds of the sale;

(b)

Must be fixed in an amount not to exceed:

(1)

Ten percent for unimproved real property; or

(2)

Seven percent for real property with any type of improvement; and

(c)

Must be authorized by the court by confirmation of the sale.

3.

Upon confirmation of the sale by the court, the contract for the sale becomes binding and enforceable against the estate.

4.

A guardian may not be held personally liable and the estate is not liable for the payment of any commission set forth in a contract entered into with an agent or broker pursuant to this section until the sale is confirmed by the court, and then is liable only for the amount set forth in the contract.

Source: Section 159.1385 — Contract for sale of real property of protected person authorized; limitation on commission; liability of guardian and estate., https://www.­leg.­state.­nv.­us/NRS/NRS-159.­html#NRS159Sec1385.

159.134
Selling real property of protected person.
159.136
Order requiring guardian to sell real property of estate.
159.138
Sale of equity of estate in real property of protected person that is subject to mortgage or lien and of property that is subject to mortgage or lien.
159.142
Sale of interest of protected person in real property owned jointly with one or more persons.
159.144
Sale of real property of guardianship estate: Requirements for establishing date
159.146
Hearing to confirm sale of real property: Considerations
159.148
Neglect or refusal of purchaser of real property to comply with terms of sale.
159.1365
Application of money from sale of real property of protected person that is subject to mortgage or other lien.
159.1375
Sale of real property of protected person to holder of mortgage or lien on such property.
159.1385
Contract for sale of real property of protected person authorized
159.1415
Presentation of offer to purchase real property to court for confirmation
159.1425
Notice of sale of real property of protected person: When required
159.1435
Public auction for sale of real property: Where held
159.1455
Confirmation by court of sale of real property of guardianship estate.
159.1465
Conveyance of real property of guardianship estate to purchaser upon confirmation of sale by court.
159.1475
Sale of real property made upon credit.
159.1495
Fraudulent sale of real property of protected person by guardian.
159.1505
Periods of limitation for actions to recover or set aside sale of real property.
Last Updated

Feb. 5, 2021

§ 159.1385’s source at nv​.us