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
Chapter 148 - Sales, Conveyances and Exchanges
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 148.120 - 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 148.170 - Sale of perishable and depreciating property.
NRS 148.190 - Sale of other personal property: Publication; description of property; inspection.
NRS 148.210 - Interests in partnerships.
NRS 148.230 - Public auction; postponement of sale.
NRS 148.280 - Conveyances after confirmation of sale.
NRS 148.300 - Failure of purchaser to complete sale.
NRS 148.310 - Fraudulent sale: Penalty.
NRS 148.320 - Periods of limitation.
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 148.420 - Authorization of conveyance.
NRS 148.430 - Petition and notice.
NRS 148.440 - Hearing and order.