Loading chat...
NV AB258
Bill
Status
5/27/2025
Primary Sponsor
Cinthia Zermeno Moore
Click for details
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