Bill > AB258

This bill revises Nevada's laws regarding brokerage agreements in the real estate industry by requiring that all brokerage agreements be in writing, eliminating the previous provision that allowed oral contracts to qualify as brokerage agreements. The bill modifies several existing statutes to reflect this change, specifically updating the definition of "brokerage agreement" in NRS 645.005 to explicitly state that it must be a written contract between a client and a broker. The legislation affects various aspects of real estate transactions, including requirements for delivering copies of brokerage agreements to clients, provisions for exclusive agency representation, and regulations governing real estate professionals. These changes aim to increase clarity and formality in real estate transactions by ensuring that all brokerage agreements are documented in writing, which can help protect both clients and brokers by creating a clear, tangible record of their agreement. The bill will apply to brokerage agreements entered into on or after October 1, 2025, giving real estate professionals and clients time to adapt to the new requirements.

Budget and Finance, Business and Industry

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/12289/Overview