- 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)