Type In Legal Nevada Option To Purchase Forms For Free

The period of time in the protection clause is only applicable if the licensee is the procuring cause. Commission is due during the protection period if the licensee is the procuring cause.

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

Real Estate Procuring Cause It's the decisive action or connection that ultimately leads to the sale or transaction taking place. For example, a real estate agent is referred to as the procuring cause of a home purchase if they are the one who caused the buyer to purchase a home.

Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.

The Nevada Supreme Court has stated general principles. The procuring cause sets ?in motion a chain of events which, without break in the continuity, cause the buyer and seller to come to terms as the proximate result of his or her peculiar activities.? Binder v. Levy Realty Co., 106 Nev.

This is determined by which broker is the ?procuring cause? of the transaction, being defined as the broker which finds a buyer who is ready, willing, and able to purchase on the seller's terms which can be either the price the seller asked or the price the seller agreed to if the seller accepted an offer lower than ...