Once you have a general agreement with the buyer, the buyer usually drafts and signs a non-binding letter of intent. Attorney Christal Park Keegan, of Keegan Law LLC, provided this much needed update with enhancements and expansions for Nevada real estate licensees.NRS 90.280 "Sale" and "sell" defined. A Form U-4, plus proof of passing the Series 63 or 66 exam and principal exams for a designated official of the broker-dealer. The business purchase agreement will identify the specific assets transferred in the sale.