Nevada Administrative Code|Section 645.0265 - "Exclusive right to sell or lease listing agreement" defined

                                                
 645.0265. "Exclusive right to sell or lease listing agreement" defined 
 
"Exclusive right to sell or lease listing agreement" means an agreement that:
 
1. Meets the requirements of NRS 645.320;
 
2. Grants the broker the exclusive right to represent the seller or lessor in the sale or lease of any property; and
 
3. Provides the broker with the expectation of receiving compensation if the broker, the seller or any other person produces a purchaser or tenant in accordance with the terms specified in the exclusive right to sell or lease listing agreement or if the property is sold or leased during the term of the exclusive right to sell or lease listing agreement to any person other than a person who is specifically exempted under the exclusive right to sell or lease listing agreement.
 
Added to NAC by Real Estate Comm'n by R165-07, eff. 4-17-2008
 
NRS 645.190