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NRS 645.253

Licensees affiliated with same brokerage: Additional duties when assigned to separate parties to real estate transaction or property management agreement

Applied in 1 court decision — leading case Davis v. Beling (2012)

Most recently applied in Davis v. Beling (June 2012)

(Added to NRS by 1995, 2073; A 2023, 3483)

If a real estate broker assigns different:

1. Licensees affiliated with his or her brokerage to separate parties to a real estate transaction, the licensees are not required to obtain the written consent required pursuant to paragraph (d) of subsection 1 of NRS 645.252. Each licensee shall not disclose, except to the real estate broker, confidential information relating to a client in violation of NRS 645.254.

2. Licensees affiliated with his or her brokerage who hold permits to engage in property management to separate parties to a property management agreement, the property managers are not required to obtain the written consent required pursuant to paragraph (d) of subsection 1 of NRS 645.6057. Each property manager shall not disclose, except to the real estate broker, confidential information relating to a client in violation of NRS 645.6057.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.