NRS39.695. Report of open-market sale.

      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)