What Are The Duties Of Brokers And What Agreements Do They Have In Nevada?
An agent or a broker has a duty to exercise reasonable care and provide a form from the Nevada Real Estate Division which outlines all the obligations of the agent or broker to both their client and to all other parties in the transaction as well. According to Las Vegas Nevada real estate lawyers , when an agent or broker enters into a brokerage agreement, he or she has the following obligations under BRS 645.254: ● Exercising reasonable skill and care in carrying out their obligations under the brokerage agreement. ● Duty not to disclose confidential information for one year after the date of the end of the brokerage agreement, unless required to do so by a court of law or the client gives written consent. ● Seeking out a deal for either the price or terms stated in the brokerage agreement (for seller) or at a price desirable to the client (for buyer). ● Presenting all offers made by or to a client as soon as practicable, unless the client signs a written wai