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NV AB258

Bill

Status

Passed

5/27/2025

Primary Sponsor

Cinthia Zermeno Moore

Click for details

Origin

Assembly

83rd Legislature (2025)

AI Summary

  • Eliminates oral contracts as valid brokerage agreements in Nevada, requiring all brokerage agreements between real estate clients and brokers to be in writing

  • Applies to agreements where brokers accept compensation for assisting with the sale, purchase, option, rental, or lease of real property, or the sale, exchange, option, or purchase of a business

  • Removes redundant "be in writing" requirement from exclusive agency representation agreements since all brokerage agreements now must be written under the revised definition

  • Updates related statutes (NRS 624.031, 645.300, 645.320, 645.633) to reflect that brokerage agreements are inherently written contracts

  • Effective date: applies to brokerage agreements entered into on or after October 1, 2025

Legislative Description

Revises provisions relating to brokerage agreements. (BDR 54-741)

Last Action

Chapter 24. (Effective October 1, 2025)

5/27/2025

Committee Referrals

Commerce and Labor4/23/2025
Ways and Means3/19/2025
Commerce and Labor2/18/2025

Full Bill Text

No bill text available