645.005 - “Brokerage agreement” defined.
645.005 “Brokerage agreement” defined. “Brokerage agreement” means an oral or written contract between a client and a broker in which the broker agrees to accept valuable consideration from the client or another person for assisting, soliciting or negotiating the sale, purchase, option, rental or lease of real property, or the sale, exchange, option or purchase of a business. The term does not include a property management agreement.
(Added to NRS by 1995, 2072; A 2003, 932; 2005, 648)