Nevada Revised Statutes
Chapter 148 - Sales, Conveyances and Exchanges
NRS 148.110 - Contracts to find purchaser of real property: Liability of personal representative; limitation on commission.


1. The personal representative may enter into a written contract with any bona fide agent, broker, or multiple group of agents or brokers to secure a purchaser for any real property of the estate, and by that contract, the personal representative may grant an exclusive right to sell and shall provide for the payment to the agent, broker, or multiple group of agents or brokers, out of the proceeds of a sale to any purchaser secured pursuant to the contract, of a commission, the amount of which must be fixed and allowed by the court upon confirmation of the sale. If the sale is confirmed to the purchaser, the contract is binding and valid as against the estate for the amount so allowed by the court.
2. By the execution of any such contract, no personal liability is incurred by the personal representative, and no liability of any kind is incurred by the estate unless a sale is made and confirmed by the court.
3. The commission must not exceed:
(a) Ten percent for unimproved real property.
(b) Seven percent for improved real property.
[145:107:1941; 1931 NCL § 9882.145]—(NRS A 1975, 1290; 1989, 326; 1999, 2316)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 148 - Sales, Conveyances and Exchanges

NRS 148.050 - Sale of property for certain purposes: No priority between personal and real property; method and order of sale.

NRS 148.060 - Confirmation of sale: Report; petition; notice.

NRS 148.070 - Written objection: Hearing; proof of notice.

NRS 148.080 - Sales under direction of will.

NRS 148.090 - Petition for order requiring sale.

NRS 148.100 - Neglect or misconduct of personal representative.

NRS 148.105 - Contracts to find purchaser of personal property: Liability of personal representative; limitations on commission.

NRS 148.110 - Contracts to find purchaser of real property: Liability of personal representative; limitation on commission.

NRS 148.120 - Division of commission upon confirmation of highest bid.

NRS 148.130 - Sale of property subject to mortgage or other lien.

NRS 148.140 - Disposition of proceeds of sale.

NRS 148.150 - Right of holder of lien on property to purchase it; receipt as payment pro tanto.

NRS 148.160 - Sale of equity of estate in property: Procedure.

NRS 148.165 - Transfer of interest subject to Nevada Gaming Control Act to heir or devisee; procedure.

NRS 148.170 - Sale of perishable and depreciating property.

NRS 148.180 - Sale of securities: Authorized by will or consent of devisees or heirs; authorized by court.

NRS 148.190 - Sale of other personal property: Publication; description of property; inspection.

NRS 148.195 - Confirmation of sale: New appraisement; appraisal dispensed with under certain circumstances.

NRS 148.200 - Terms of sale.

NRS 148.210 - Interests in partnerships.

NRS 148.220 - Notice of sale: Publication; court waiver of requirement of publication; posting; description of property.

NRS 148.230 - Public auction; postponement of sale.

NRS 148.240 - Private sale.

NRS 148.260 - Confirmation of sale: Requirement of appraisement; court waiver of requirement of appraisement under certain circumstances.

NRS 148.270 - Hearing concerning confirmation of sale: Considerations; higher offer; continuance; confirmation of sale without bids of property subject to lien or mortgage exceeding value of property.

NRS 148.280 - Conveyances after confirmation of sale.

NRS 148.290 - Sale on credit.

NRS 148.300 - Failure of purchaser to complete sale.

NRS 148.310 - Fraudulent sale: Penalty.

NRS 148.320 - Periods of limitation.

NRS 148.330 - Method of sale.

NRS 148.340 - Sale subject to claims; bond of purchaser.

NRS 148.350 - Assignment after confirmation.

NRS 148.360 - Petition for sale: Notice.

NRS 148.370 - Hearing; order authorizing sale.

NRS 148.380 - Additional bond of personal representative; agreement or option to purchase.

NRS 148.390 - Failure to comply with agreement or option.

NRS 148.400 - Procedure after compliance with agreement or option to purchase.

NRS 148.410 - Petition for order to convey, transfer or deliver property: Conditions; contents; hearing and notice; response; effect if order granted.

NRS 148.420 - Authorization of conveyance.

NRS 148.430 - Petition and notice.

NRS 148.440 - Hearing and order.

NRS 148.450 - Effect of order; execution of order.

NRS 148.500 - Authorization to exchange: Petition; notice.