Nevada Remedies; Special Actions and Proceedings

Sec. § 39.695
Report of open-market sale.


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.


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


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


The name of each buyer;


The proposed purchase price;


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


The amounts to be paid to lienholders;


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


Other material facts relevant to the sale.

Last accessed
Feb. 5, 2021