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NRS 39.695 - Report of open-market sale.

NV Rev Stat § 39.695 (2019) (N/A)
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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.

(Added to NRS by 2011, 315)

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NRS 39.690 - Open-market sale; sale by sealed bids or auction.
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NRS 39.700 - Applying and construing Uniform Act to promote uniformity.