NRS 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: Section 39.695 — Report of open-market sale., https://www.­leg.­state.­nv.­us/NRS/NRS-039.­html#NRS039Sec695.

Last Updated

Jun. 24, 2021

§ 39.695’s source at nv​.us