Contracts
What is the 'merger doctrine' in Nevada real estate law?
AIt allows two brokerages to merge client files
BIt holds that all prior negotiations and agreements are merged into and superseded by the final deed upon closing — the purchase agreement's terms generally do not survive closing unless specifically stated to survive✓ Correct
CIt requires all purchase agreements to be reviewed by an attorney
DIt merges the buyer's and seller's agents into one at closing
Explanation
The merger doctrine holds that once closing occurs and title transfers by deed, the purchase agreement merges into the deed. Terms of the purchase agreement that are not explicitly stated to survive closing cannot be enforced after title transfers. In Nevada practice, warranties, representations, or repair agreements that the parties want to survive closing must be expressly noted as surviving the closing.
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