Nevada Remedies; Special Actions and Proceedings

Sec. § 39.695
Report of open-market sale.

1.

Unless required to do so within a shorter time by NRS 39.010 to 39.490, inclusive, a broker appointed under subsection 2 of NRS 39.690 to offer heirs property for open-market sale shall file a report not later than 7 days after receiving an offer to purchase the property for at least the value determined under NRS 39.670 or 39.690.

2.

The report required by subsection 1 must contain the following information:

(a)

A description of the property to be sold to each buyer;

(b)

The name of each buyer;

(c)

The proposed purchase price;

(d)

The terms and conditions of the proposed sale, including, without limitation, the terms of any owner financing;

(e)

The amounts to be paid to lienholders;

(f)

A statement of contractual or other arrangements or conditions of the broker’s commission; and

(g)

Other material facts relevant to the sale.
Source

Last accessed
Feb. 5, 2021

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