Nevada Revised Statutes 159A.1415 – Presentation of offer to purchase real property to court for confirmation; division of commission for sale of such property
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1. Except as otherwise provided in subsection 10 of NRS 159A.146, if a contract of sale to purchase real property of a guardianship estate is presented to the court for confirmation:
Terms Used In Nevada Revised Statutes 159A.1415
- Contract: A legal written agreement that becomes binding when signed.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(a) Other persons may submit higher bids in open court; and
(b) The court may confirm the highest bid.
2. Upon confirmation of a sale of real property by the court, the commission for the sale must be divided between the listing agent or broker and the agent or broker who secured the purchaser to whom the sale was confirmed, if any, in accordance with the contract with the listing agent or broker.