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)
Nevada Legal Code