agency

Duties Owed by a Nevada Real Estate Licensee (Form 525)

Nevada codified licensee duties in NRS 645.252 through 645.259 instead of relying on common-law agency. The Division's Form 525 identifies the licensee, broker and client, lists the duties owed to all parties and the extra duties owed to the client, and states whether the licensee may or may not act for adverse parties in the future. It is not a contract for services or compensation. It goes to the licensee's clients and to unrepresented parties; the client signs to acknowledge receipt.